Medi Assist Healthcare IPO to open on January 15: From GMP to price band - here are top 10 things to know
Medi Assist Healthcare IPO: The mainboard initial public offering (IPO) of insurance-tech company will be opening for subscription from tomorrow, January 15, 2024. The company is a third-party administration (TPA) services provider to insurance companies and offers offers medical insurance and cashless hospitalization through a network of healthcare service providers. The company also acts as a mediator between general and health insurance companies and their insured members, insurance companies and healthcare providers (such as hospitals), and the government and beneficiaries of public health schemes.
Medi Assist Healthcare collaborated with 36 insurance companies in India with over 14,000 hospitals in 967 cities and towns in 32 states and union territories, as of March 31, 2023. Also Read: Medi Assist Healthcare IPO: Investcorp, Bessemer sell shares worth ₹536 crore ahead of IPO opening During FY23, the Bengaluru-based company settled 5.27 million claims, comprising 2.44 million in-patient claims and 2.83 million out-patient claims. Medi Assist Healthcare Services' revenue increased by 25.95 per cent and profit after tax rose by 18.66 per cent in fiscal 2022-2023.
Medi Assist Healthcare is also the first entity in TPA services sector (to insurance companies) to go public. Medi Assist Healthcare IPO key dates: Medi Assist Healthcare IPO opens for subscription on January 15, 2024 and closes on January 17, 2024. Medi Assist Healthcare IPO price band: The health-tech company has fixed Medi Assist IPO price band at ₹397 to ₹418 per equity share.
Read more on livemint.com
