Medi Assist Healthcare Services Limited Unveils IPO Plans with ₹397-₹418 Price Range

Medi Assist Healthcare Services Limited has announced its IPO plans, revealing a price range of ₹397-₹418. The bidding dates are from January 15 to January 17, 2024, with a minimum investment of ₹13,895. The lot size is 35, and the issue size is ₹1,171.58 Cr. The company, founded in 2012 and led by Managing Director Dr. Vikram Jit Singh Chhatwal, focuses on health-tech and insurance-tech, providing third-party administration (TPA) services to insurance companies. 

It has nine subsidiaries, offering services like health insurance claims processing, policy administration, and customer service. 

The financial snapshot shows profits of ₹74.04 Cr in 2023 and ₹64.22 Cr in 2022. 

The grey market premium (GMP) is ₹65, reflecting high investor interest. The IPO window is open from January 15 to January 17, 2024, as Medi Assist positions itself as a key player in the evolving health insurance landscape.