Should you subscribe? Medi Assist Healthcare Services IPO kicks off.

TLDR:

• The IPO for Medi Assist Healthcare Services has started and will run from January 15 to January 17.
• The company plans to raise Rs 1,172 crore from the offer-for-sale.

The IPO for Medi Assist Healthcare Services, a health-tech and insurance-tech company, has started and will run from January 15 to January 17. The company is offering its shares in the range of Rs 397-418 per share with a lot size of 35 shares. It is looking to raise a total of Rs 1,171.58 crore through the offer-for-sale (OFS) of 2,80,28,168 shares. Medi Assist Healthcare Services acts as a mediator between insurance companies, healthcare providers, and their insured members. It has a healthcare network of over 14,000 hospitals in India. The company reported a net profit of Rs 22.49 crore with a revenue of Rs 312.03 crore for the period ended on September 30, 2023. Brokerage firms have given positive ratings to the IPO, recommending investors to subscribe for long term or listing gains. The shares of the company will be listed on both BSE and NSE on January 22.

Key elements:

• The IPO for Medi Assist Healthcare Services is currently open for subscription until January 17.
• The company is offering its shares in the range of Rs 397-418 per share with a lot size of 35 shares.
• Medi Assist Healthcare Services acts as a mediator between insurance companies, healthcare providers, and their insured members.
• The company has established a healthcare network of over 14,000 hospitals in India.
• Medi Assist Healthcare reported a net profit of Rs 22.49 crore with a revenue of Rs 312.03 crore for the period ended on September 30, 2023.
• Brokerage firms have given positive ratings to the IPO, recommending investors to subscribe for long term or listing gains.
• The shares of the company will be listed on both BSE and NSE on January 22.