Medi Asssist Healthcare mobilises ₹351 crore from anchor investors ahead of IPO

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₹351.5 crore through its anchor book issue ahead of the upcoming IPO. The company allocated 84,08,449 equity shares to anchor investors at ₹418 per share, as per the regulatory filing.

Also read: Medi Assist Healthcare IPO: Investcorp, Bessemer sell shares worth ₹536 crore ahead of IPO opening "Of the total allocation of 84,08,449 equity shares to anchor investors, 40,70,768 equity shares were allocated to 11 domestic mutual funds through a total of 18 schemes," the company said in its filing to exchanges. The anchor investors list included Nomura Trust, Goldman Sachs, Ashoka Whiteoak, Pinebridge Global Funds, Troo Capital, and HSBC.

HDFC Mutual Fund, Kotak Mahindra Trustee, Aditya Birla Sun Life Trustee, SBI Life Insurance Company, Mirae Asset, Canara Robeco Mutual Fund, Tata Mutual Fund, Sundaram Mutual Fund, Bandhan Mutual Fund, Edelweiss Trusteeship, Bajaj Allianz Life Insurance Company, Max Life Insurance Company and SBI General Insurance Company also participated in the anchor book. Also read: Jyoti CNC Automation IPO allotment to be finalised soon; GMP steady, steps to check Jyoti CNC IPO allotment status Medi Assist is looking to raise over ₹1,171.6 crore in an upcoming initial public offering (IPO) by issuing 2.8 crore equity shares.

The price range for the offering has been set at ₹397-418 per share. It's important to note that the fundraising strategy exclusively involves an offer for sale (OFS) by existing shareholders, with no provision for a fresh issue.

As a result, the proceeds from the IPO, excluding expenses, will be directed to the selling shareholders. Vikram Jit Singh Chhatwal and his wife Savitri Choudhury, owners of Medimatter Health Management, are set to divest 1,24,68,592 equity shares.