Medi Assist IPO opens today. GMP, review, other details. Buy or not?

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Medi Assist Healthcare IPO: The mainboard initial public offering (IPO) of the insurance-tech company has opened today and it will remain open till 17th January 2024. The company is a third-party administration (TPA) services provider to insurance companies and offers medical insurance and cashless hospitalization through a network of healthcare service providers. The insurance-tech company has fixed Medi Assist IPO price band at ₹397 to ₹418 per equity share.

The book build issue is proposed for listing on BSE and NSE. Meanwhile, shares of Medi Assist Healthcare Limited have been available for trade in the grey market since the weekend. According to stock market observers, Medi Assist Healthcare shares are available at a premium of ₹32 in the grey market today.

1] Medi Assist IPO GMP: Shares of the health-tech company are available at a premium of ₹32 in the grey market today. 2] Medi Assist IPO date: The public issue has opened today and it will remain open for bidding till 17th January 2024. 3] Medi Assist IPO price: The health-tech company has a fixed price band of the book build issue at ₹397 to ₹418 per equity share.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 15 4] Medi Assist IPO size: The book build issue aims to generate ₹1,171.58 crore from this public issue, which is a 100 per cent offer for sale (OFS). 5] Medi Assist IPO lot size: A bidder will be able to apply in lots and one lot of the book build issue will comprise 35 mcompany shares. 6] Medi Assist IPO allotment date: Finalisation of the share allocation is most likely on 18th January 2024 i.e.