Medi Assist Healthcare Services Limited, a prominent American multinational investment bank, has unveiled its Initial Public Offering (IPO), marking a book-built issue worth Rs 1,171.58 crores. The entire issue comprises an offer for sale of 2.8 crore shares.
Medi Assist Healthcare IPO Subscription WindowThe IPO of Medi Assist Healthcare is scheduled to open for subscription on January 15, 2024 and the IPO is set to conclude on January 17, 2024.
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Medi Assist Healthcare IPO Allotment DateThe anticipated allotment results are expected to be finalised by Thursday, January 18, 2024, with the IPO poised to list on both BSE and NSE.
Medi Assist Healthcare IPO Listing DateThe tentative listing date of Medi Assist Healthcare IPO has been fixed for Monday, January 22, 2024.
Medi Assist Healthcare IPO Price Band And Minimum InvestmentInvestors eyeing the IPO will find the price band per share ranging between Rs 397 and Rs 418. The minimum lot size for application stands at 35 shares, necessitating a retail investor to commit a minimum investment of Rs 14,630. As for sNII (Non-Institutional Investors), the minimum lot size investment is fixed at 14 lots (490 shares), amounting to Rs 204,820. For bNII (Qualified Institutional Buyers), the investment threshold is 69 lots (2,415 shares), totaling Rs 1,009,470.
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Medi Assist Healthcare IPO GMPThe Grey Market Premium (GMP) for the Medi Assist Healthcare IPO stands at Rs 65.
The book running lead managers overseeing the Medi Assist Healthcare IPO include Axis Bank Limited, Iifl Securities Ltd, Nuvama Wealth Management Limited, and SBI Capital Markets Limited. Meanwhile, Link Intime India Private Ltd has been appointed as the registrar for the issue.
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Medi Assist Healthcare AboutMedi Assist Healthcare Services Limited operates as a health-tech and insurance-tech company. Its core focus involves efficiently managing health benefits for employers, retail members, and public health schemes, primarily catering to insurance companies. The company was founded in June 2002.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TN NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
