Medi Assist Healthcare Services Limited

Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company that was incorporated in 2002. The company partners with employers to manage their employee health insurance plans and with insurers to manage health insurance plans for individual policyholders and government schemes.
As of March 31, 2023, Medi Assist Healthcare collaborated with 36 insurance companies worldwide and in India. In 2021, 2022, and 2023, the retail portfolio generated ₹494.68 million, ₹579.84 million, and ₹570.29 million in revenue, respectively.
Medi Assist raised ₹1,171.58 crore from its IPO, which consisted of an offer-for-sale (OFS) by investors and promoters who sold 2.8 crore equity shares of the company. The IPO price band was set at ₹397-418 per share.

Medi Assist Healthcare Services Limited Incorporated in June 2002, is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies.

Medi Assist offers medical insurance and cashless hospitalization through a network of healthcare service providers. However, the company also acts as a mediator between (a) general and health insurance companies and their insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. Medi Assist Healthcare collaborated with 36 insurance companies in India and worldwide as of March 31, 2023.

The revenue generated by the retail portfolio for the financial years 2021, 2022, and 2023 was ₹494.68 million, ₹579.84 million, and ₹570.29 million, respectively. These amounts constituted 15.33%, 14.72%, and 11.29% of the total revenue from customer contracts for the same years.

Medi Assist Healthcare Services Limited IPO Timetable

Medi Assist Healthcare Services Limited IPO Details

Medi Assist Healthcare Services Limited IPO Lot Size

Allotment Status

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Company Financials:

Company Promoters:

The promoters of the Company are Dr Vikram Jit Singh Chhatwal, Medimatter Health Management Private Limited and Bessemer India Capital Holding II Ltd.

Purpose of the Issue

• The object of the Offer is to achieve the benefits of listing the Equity Shares on the Stock Exchanges.
• The company expects that listing the Equity Shares will enhance its visibility and brand and provide liquidity to its existing Shareholders.
• The listing will also provide a public market for the Equity Shares in India.
• The company will not receive any proceeds from the Offer.
• All proceeds from the Offer will go to the Selling Shareholders, in proportion to the Equity Shares offered by them in the Offer for Sale.

Registrar & Company Details