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Medi Assist IPO

Medi Assist Healthcare Services Limited IPO is an offer for sale of 28,028,168 equity shares aggregative to an undisclosed amount. The company is the largest health benefits administrator in revenue and premium serviced by health insurance companies.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Medi Assist Healthcare Services Industries Ltd. IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Medi Assist Healthcare Services

The company is a TPA functioning as an intermediary between the health insurance companies and customers, assisting the insurance vendors in processing and settling claims.

The technology-driven TPA primarily caters to the health insurance companies through a custom-built, integrated platform. In FY2020, the company dealt with Rs 78,295 in premium under management.

Medi Assist Healthcare Services Limited IPO Objectives

• The company will receive the listing benefits through the IPO.

Why should you invest in the Medi Assist Healthcare Services IPO?

  • They were the most prominent health benefits administrator in the country in 2018, 2019, and 2020 regarding the premium received.
  • They capture 17% of the private health insurance market and 29% of the private health insurance market serviced by health benefits administrators.
  • The Indian healthcare market will reach USD 432 billion, a CAGR of 30.5% during 2020-2025.
  • With solid penetration in the retail and group health insurance segments, the aggregate penetration of the Indian health insurance industry is expected to rise to 55.0% in 2024-2025.

Financial Highlights

Particulars For the year/period ended (₹ in million)
  FY21 FY20 FY19
Revenue From Operation 3,185.85 2,768.19 2,317.57
EBITDA 935.56 755.13 860.64
EBITDA Margin (%) 28.32 26.86 35.63
Profit After Tax 391.71 329.74 438.77
EPS 5.13 3.89 6.00
ROE      

How to apply for Medi Assist Healthcare Services Ltd. IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Medi Assist Healthcare IPO and approve the payment on your UPI ID.

Demat Account

Medi Assist Healthcare Services IPO Noteworthy Highlights:

  • They managed ₹15,857 million in premiums in 2020, 8% of India's overall retail health insurance market.
  • The company enjoys PAN India presence, covering 11000 hospitals in 722 cities.
  • They are the largest TPA in the Indian market. Medi Assist had helped settle 3.77 million claims in FY20, amounting to Rs 78,993 million.
  • They maintained long-standing relationships with premium health insurance providers.

The Brand’s Pros & Cons:

Pros Cons
As the premium income is expected to hit Rs 1304 billion by FY25, recording 21% growth in five years, the company is poised to harness the force in the industry. Medi Assist functions in the highly regulated insurance segment, and government policies will remain a factor determining future cash flow.
They were the largest TPA in India for consecutive three years in 2018, 2019, and 2020 in revenue and premium serviced. The company's ability to remain competitive depends on continuously expanding healthcare providers' networks.
Technology plays a vital role, and the company provides a scalable, purpose-built, modern technology platform. Since they are technology dependent, any system failure and a data security breach will be critical for the brand's image.
The company uses technology for cost advantage. The premium under management may decline in the future, adversely affecting the company's profitability.

Competitive Analysis: Market Peers

Due to growing competition, Medi Assist may face challenges from its close competitors, although they are currently ahead of their closest peers.

Return of Capital Employed

Name
Total Revenue (₹ in million)
  2017-18 2018-19 2019-20
Medi Assist Healthcare Services Limited 2415.8 2811.7 3304.1
MDIndia Health Insurance TPA Private Limited 1819.0 2210.4 2409.9
Family Health Plan Insurance TPA Limited 1,113.0 1,278.1 1,424.5
Health India Insurance TPA Services Private Limited 867.9 1233.4 1276.9
Vidal Health Insurance TPA Private Limited 1004.9 891.6 876.0
Paramount Health Services & Insurance TPA Private Limited 856.3 920.6 839.0
Raksha Health Insurance TPA Private Limited 662.3 671.9 713.4
Health Insurance TPA of India Limited 157.6 448.2 535.3
Vipul Medcorp Insurance TPA Private Limited 471.5 448.6 507.5
Heritage Health Insurance TPA Private Limited 442.7 427.5 448.7

Medi Assist Healthcare Services IPO FAQs

What is Medi Assist Healthcare Services IPO?

Medi Assist Healthcare Services Limited IPO is an offer for sale of 28,028,168 equity shares.

When will the Medi Assist Healthcare Services IPO allotment be available?

Details are not available.

What will be the Medi Assist Healthcare Services IPO lot size?

Details are not available.

When will Medi Assist Healthcare Services IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

When is the Medi Assist Healthcare Services IPO listing date?

It usually takes ten working days from the last day of subscription to list the shares on the bourses.

Which exchanges will Medi Assist Healthcare Services list on?

The shares will list on BSE and NSE exchanges.

How to check the allotment status of Medi Assist Healthcare Services IPO

Existing Angel One clients can check their IPO allotment status from their accounts.
  • Open Angel One App and search for investment opportunities
  • Select IPOs and FPO
  • Select the Order Book Option

How to apply for this Medi Assist Healthcare Services IPO via the Angel One App?

Follow the simple steps below:
  • Log in to your account
  • Select Medi Assist Healthcare from the Active IPO list
  • Click 'Apply'
  • Complete the bidding process and make payment through UPI
  • Approve payment mandate on your UPI handle

Can I submit more than one application for the public issue of Medi Assist Healthcare Services using one PAN?

No. Only one application is allowed against one PAN number.

I have finished the application process for Medi Assist Healthcare Services' IPO, but the funds are not yet debited. What is the reason?

The fund doesn't get debited immediately. The bank will block the amount on your account when you place the bid. They will deduct the amount when IPO shares get allotted to you or else will unblock the amount on the expiration of the UPI mandate.

Who is the owner of Medi Assist Healthcare Services?

Dr Vikram Jit Singh Chhatwal is one of the promoters of Medi Assist Healthcare Services.

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