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

Company Financials

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

Subscription Details

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

 

Allotment Details

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 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 176.44 61.89 54.01 54.65 63.79
Total Expenditure 151.85 22.49 41.87 43.89 60.51
Operating Profit 24.59 39.4 12.14 10.76 3.28
Other Income 0.45 24.89 44.59 13.62 21.71
Interest 0.02 0.57 3.19 0.46 0.33
Depreciation 8.08 9.89 10.84 8.47 5.7
Exceptional Items -11.33 0 0 2.61 0
Profit Before Tax 5.62 53.83 42.71 18.07 18.96
Provision for Tax 1.55 11.98 7.69 -0.43 2.37
Net Profit 4.06 34.79 35.85 18.5 16.59
Adjusted EPS (Rs.) 0.06 0.63 0.51 0.27 0.24

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 0.04 0.04 0.04 34.43 34.43
Total Reserves 79.4 75.98 164.13 132.69 133.37
Borrowings 0.16 0.18 0 0 0
Other N/C liabilities -2.51 4.33 31.88 -0.57 -1.45
Current liabilities 111.62 133.24 38.02 24.09 28.08
Total Liabilities 188.71 213.76 234.06 190.65 194.44
Assets
Net Block 20.52 22.55 15.9 9.55 23.23
Capital WIP 0 0 0 0 0
Intangible WIP 3.25 1.38 0.69 6.46 0
Investments 70.95 72.72 64.96 65.23 80.63
Loans & Advances 20.67 26.82 32.56 4.53 7.82
Other N/C Assets 0.71 0.56 1.28 0.91 2.01
Current Assets 72.61 89.73 118.67 103.97 80.76
Total Assets 188.71 213.76 234.06 190.65 194.44
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023
Other Income 0.45
Profit Before Tax 6.04
Tax 0.97
Profit After Tax 5.06
Adjusted EPS (Rs) 0.74

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 5.62 47.46 42.71 18.07 18.96
Adjustment 20.74 -14.32 -25.55 1.78 -11.65
Changes in Assets & Liabilities 8.12 -35.54 -11.87 -20.26 21.9
Tax Paid -16.16 -11.58 19.06 -7.9 -5.05
Operating Cash Flow 18.32 -13.99 24.35 -8.31 24.16
Investing Cash Flow -20.78 -0.48 28.22 -4.36 7.21
Financing Cash Flow 0 -1.71 -2.6 -19.41 -15.07
Net Cash Flow -2.47 -16.17 49.96 -32.08 16.3
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