Medi Assist Healthcare Services Ltd. IPO

Medi Assist, India's largest healthcare TPA, bridges the gap between patients, insurers, and providers. They act as the conductor of this medical orchestra, ensuring smooth insurance claim settlements and cashless treatment access through an extensive network of 14,000+ hospitals. Their technology-driven approach simplifies claim processes, while their nationwide team offers 24/7 support to policyholders. From group benefits to individual plans and government schemes, Medi Assist serves over 226 million lives, fostering trust and transparency in the healthcare ecosystem.

RHP
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DRHP
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Open Date

2024-01-15

Close Date

2024-01-17

Medi Assist Healthcare Services Ltd. IPO Details

Check out the issue details for Medi Assist Healthcare Services Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 418

Price Band

₹ 397 - 418

Issue Size

1171.58 Cr.

Issue Type

Book Built

Open

2024-01-15

Close

2024-01-17

Listingprice

₹ 460

ListingGain

10.05%

Listing Date

2024-01-23

CMP

₹ 594.7

Current Return

42.27%

Medi Assist Healthcare Services Ltd. News

Medi Assist Healthcare Services informs about analyst meet 19 Dec, 11:25AM Medi Assist Health - Quaterly Results14 Nov, 2:55PM Medi Assist Health - Quaterly Results14 Nov, 2:55PM Medi Assist Health - Quaterly Results14 Nov, 2:55PM Medi Assist Healthcare Services informs about disclosure17 Sep, 4:32PM Medi Assist Healthcare Services submits analyst meet intimation 10 Sep, 5:21PM Medi Assist Healthcare’s arm to acquire 100% stake in Paramount TPA27 Aug, 9:50AM Medi Assist Healthcare Services informs about analyst meet 21 Aug, 11:23AM Medi Assist Healthcare Services informs about newspaper advertisement20 Aug, 2:52PM Medi Assist Healthcare Services informs about investor presentation14 Aug, 12:28PM Medi Assist Health - Quaterly Results13 Aug, 5:37PM Medi Assist Health - Quaterly Results13 Aug, 5:37PM Medi Assist Healthcare Services informs about board meeting5 Aug, 1:38PM Medi Assist Healthcare Services informs about analyst meet15 Jul, 5:19PM Medi Assist Healthcare Services informs about certificate15 Jul, 12:54PM Medi Assist Healthcare Services informs about analyst meet 17 Jun, 1:48PM Medi Assist Healthcare Services informs about analyst meet 20 May, 2:18PM Medi Assist Healthcare Services informs about press release17 May, 4:02PM Medi Assist Health - Quaterly Results15 May, 6:49PM Medi Assist Health - Quaterly Results15 May, 6:49PM

Company Financials

You can get the following financial statements of Medi Assist Healthcare Services Ltd. as of now.

Exchange

NSE: MEDIASSIST BSE: 544088

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the Medi Assist Healthcare Services Limited IPO is as:

  • The issue size of Medi Assist Healthcare Services Limited IPO is 1171.58 Cr.
  • The price band for Medi Assist Healthcare Services Limited IPO is Rs 397 to Rs 418.
  • The shares of Medi Assist Healthcare Services Limited IPO will list on 23rd January 2024.
  • The latest tentative GMP of Medi Assist Healthcare Services Limited IPO is Rs 25.
  • The shares of Medi Assist Healthcare Services Limited IPO is subscribed 16.25 Times as of 17th January 2024. 

 

Medi Assist Healthcare Services Limited IPO Valuation

The approx valuation of Medi Assist Healthcare Services Limited IPO company based on its price band and RHP is: 

Particulars Value
Upper Price Band Rs 418
Existing Shares (Qty) 6.88 Cr
Market Cap 2875.84 Cr
EPS (FY23) Rs 10.93 
PE Ratio 38.24x

 

Medi Assist Healthcare Services Limited IPO Issue Size

Medi Assist Healthcare Services Limited IPO issue size is 1171.58 Cr. 

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 1171.58 Cr

 

Medi Assist Healthcare Services Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 35 shares and a maximum of 13 lots of 455 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 35 14,630
 Maximum 13 455 1,90,190

 

Medi Assist Healthcare Services Limited IPO share offer

The shares of Medi Assist Healthcare Services Limited IPO is subscribed 16.25 Times as of 17th January 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 40.14 Times
Non-Institutional Minimum 15% 14.85 Times
Retail Individual Minimum 35% 3.19 Times
Total   16.25 Times

 

Find below the dates for Medi Assist Healthcare Services Limited IPO:

Schedule Date
Basis of Allotment 18 January 2024
Refunds 19 January 2024
Credit to Demat Account 19 January 2024
IPO Listing Date 23 January 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 61.89 54.01 54.65 63.79 108.42
Total Expenditure 22.49 41.87 43.89 60.51 70.65
Operating Profit 39.4 12.14 10.76 3.28 37.77
Other Income 24.89 44.59 13.62 21.71 22.17
Interest 0.57 3.19 0.46 0.33 0.16
Depreciation 9.89 10.84 8.47 5.7 11.52
Exceptional Items 0 0 2.61 0 -21
Profit Before Tax 53.83 42.71 18.07 18.96 27.25
Provision for Tax 11.98 7.69 -0.43 2.37 6.05
Net Profit 34.79 35.85 18.5 16.59 19.45
Adjusted EPS (Rs.) 0.63 0.51 0.27 0.24 0.3

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 0.04 0.04 34.43 34.43 35.11
Total Reserves 75.98 164.13 132.69 133.37 180.54
Borrowings 0.18 0 0 0 0
Other N/C liabilities 4.33 31.88 -0.57 34.44 39.4
Current liabilities 133.24 38.02 24.09 28.08 34.81
Total Liabilities 213.76 234.06 190.65 230.32 289.85
Assets
Net Block 22.55 15.9 9.55 23.23 17.37
Capital WIP 0 0 0 0 0
Intangible WIP 1.38 0.69 6.46 0 3.01
Investments 72.72 64.96 65.23 80.63 83.1
Loans & Advances 26.82 32.56 4.53 43.7 50.35
Other N/C Assets 0.56 1.28 0.91 2.01 3.84
Current Assets 89.73 118.67 103.97 80.76 132.18
Total Assets 213.76 234.06 190.65 230.32 289.85
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 0.45 20.29 2.07 3.15
Profit Before Tax 6.04 32.06 11.32 14.83
Tax 0.97 4.16 2.64 4.69
Profit After Tax 5.06 27.91 8.67 10.14
Adjusted EPS (Rs) 0.74 3.97 1.23 1.44

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 20.6 0
Jun 2024 38.85 0
Mar 2024 38.91 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 47.46 42.71 18.07 18.96 24.91
Adjustment -14.32 -25.55 1.78 -11.65 14.08
Changes in Assets & Liabilities -35.54 -11.87 -20.26 21.9 5.92
Tax Paid -11.58 19.06 -7.9 -5.05 -5.04
Operating Cash Flow -13.99 24.35 -8.31 24.16 39.87
Investing Cash Flow -0.48 28.22 -4.36 7.21 -49.42
Financing Cash Flow -1.71 -2.6 -19.41 -15.07 0.18
Net Cash Flow -16.17 49.96 -32.08 16.3 -9.37
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