Medi Assist Healthcare IPO: With the beginning of the year 2024, the process of coming IPO has started. Now the issue of Bengaluru based Medi Assist Healthcare (Medi Assist Healthcare IPO) is about to open. Medi Assist provides third party administration to healthcare insurance companies. The company is trying to collect a total of Rs 1,171.58 crore through this IPO. The IPO is being launched entirely through offer for sale and not a single fresh share will be issued in it. In such a situation, the entire amount raised through IPO is going to go to the promoters of the company. If you are also thinking about investing in this, then we are giving you information about its details.
When is the company's IPO opening
Medi Assist's IPO is opening on Monday, January 15, 2024. In this, bidding can be done till 17 January 2024. The allotment of shares to investors will take place on January 18, 2024. Those subscribers who do not get the allotment will get the refund on January 19. Shares will be transferred to demat accounts on January 19. The listing of the company's shares will take place on BSE and NSE on 22 January 2024. The company has fixed the price band of shares between Rs 397 to Rs 418. The face value of shares of this IPO is Rs 5 per share.
What is the condition of the company's GMP?
investorgain.com, on Saturday January 13, 2024, Medi Assist shares are available at a premium of Rs 54. This means that the possible listing of the company's shares can currently be at a premium of 12.92 percent i.e. Rs 472 per share. 35 percent share has been reserved for retail investors in this IPO.
The maximum share of 50 percent has been reserved for qualified institutional buyers and a total of 15 percent has been reserved for high net individuals. In this IPO, retail investors can buy a lot of at least 35 shares. Retail investors can bid for a maximum of 13 lots i.e. 455 shares in this IPO. In such a situation, retail subscribers can invest from Rs 14,630 to Rs 1,90,190.
What does the company do?
Medi Assist Health Care Services Limited is a healthtech and insurance tech company, which provides third party services. This company works like a bridge between policyholders, their insurance companies and the hospital.
Read this also-
Get more latest business news updates