Medi Assist Healthcare Services is about to open its IPO soon. The company specializes in providing health insurance services to its customers. They deal in health insurance through direct policyholders, employers, and Government schemes. Medi Assist will be utilizing the money to expand their services further. The company will raise Rs. 1,171.58 Crore from IPO. Medi Assist has been profitable for the last few quarters. We will share details about Medi Assist Healthcare Services IPO Details, Price band, opening date, GMP, and Issue Size.
Medi Assist Healthcare Services IPO Date, Price Band, Issue Size, Allotment
Medi Assist Healthcare IPO will open on 15 January 2024 and close on 17 January 2024. It will have a face value of Rs. 5 per share. The IPO is open for three consecutive days, with a lot size of 35 shares. Medi Assist IPO’s price band will be Rs. 397 to Rs. 418 per share. It is a book-built issue with reservations for QIB, Retail, and NII. 50% will be with QIB, 35% with Retail, and 15% with NII. The total Issue Size is 28,028,168 shares for the amount of Rs. 1,171.58 Crore. The company will be listed on both NSE and BSE. The date is yet to be finalized. The expected listing date is 22 January 2024, Monday. Medi Assist may allot the shares by 18 January 2024.
Medi Assist has been profitable for the past two years. The company made revenue of Rs. 312.03 Crore in Q2 2024 with PAT of Rs. 22.49 Crore. The company had a net worth of Rs. 416.64 Crore. Q4 2023 was also profitable with PAT of Rs. 74.04 Crore. It made a revenue of Rs. 518.96 Crore for the quarter end and year-end. Everyone is looking for more details about GMP. It is available from Tuesday (9-Jan-2024).
Medi Assist IPO GMP Price Today (Live) Status
Medi Assist Healthcare Services IPO GMP for today (10-Jan-2024) is Rs. 86. It was Rs. 80 for the previous day. The IPO price is said to be Rs. 418 till now. It expects to list at Rs. 504 per share. The health sector plays an important role in the economy.
| Date | GMP |
| 9 January 2024 | Rs. 80 |
| 10 January 2024 | Rs. 86 |
| 11 January 2024 | — |
The government is also promoting medical insurance. Medi Assist also ties with the government to work for their medical insurance schemes. The GMP will keep updating regularly as follows. We hope you get enough details about Medi Assist’s IPO above.