IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
To be announced
About Company
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.
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 Objective
- 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.
IPO Financials
| Particulars | 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 |
Know before investing
Strengths
4
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.
They were the largest TPA in India for consecutive three years in 2018, 2019, and 2020 in revenue and premium serviced.
Technology plays a vital role, and the company provides a scalable, purpose-built, modern technology platform.
The company uses technology for cost advantage.
Risks
4
Medi Assist functions in the highly regulated insurance segment, and government policies will remain a factor determining future cash flow.
The company's ability to remain competitive depends on continuously expanding healthcare providers' networks.
Since they are technology dependent, any system failure and a data security breach will be critical for the brand's image.
The premium under management may decline in the future, adversely affecting the company's profitability.
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Select desired IPO & tap on "Apply"
Enter UPI ID, set quantity/price & submit
Accept mandate on the UPI app to complete the process
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Choose IPO section on Home Page
Click IPO Orders
Chose the IPO application you want to view the status for
Peer Comparison
| Name | 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 Limited IPO is an offer for sale of 28,028,168 equity shares.
Details are not available.
Details are not available.
Details are not available.
Retail investors can apply for a minimum of one lot.
It usually takes ten working days from the last day of subscription to list the shares on the bourses.
The shares will list on BSE and NSE exchanges.
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
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
No. Only one application is allowed against one PAN number.
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.
Dr Vikram Jit Singh Chhatwal is one of the promoters of Medi Assist Healthcare Services.
