Medi Assist IPO

Medi Assist IPO: Everything You Need to Know Before Subscribing

Thinking of investing in the Medi Assist IPO? Here's a breakdown of subscription details and expert advice.

Are you considering investing in the Medi Assist Healthcare Services IPO? With a total worth of ₹1171.58 crore, this IPO includes an offer-for-sale (OFS) by investors and promoters who aim to sell 2.8 crore shares. The subscription for the IPO is open until January 17, allowing investors to participate in this health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health.

Zee Business Managing Editor Anil Singhvi suggests that only high-risk investors should subscribe to the Medi Assist IPO, emphasizing the importance of careful consideration before investing. The company earns approximately 3-3.5% fees on insurance premiums and generated 75% of its revenues from group insurance schemes in FY23.

The price band for the IPO is set at Rs 397-418 per share, providing investors with a range to consider. Ahead of the issue opening, Medi Assist has already raised ₹351.5 crore, indicating initial market interest in this Bengaluru-based health insurance third-party administrator.

In conclusion, potential investors need to analyze the subscription details carefully before deciding. High-risk individuals may find this IPO appealing, but understanding the company's revenue sources and the market's response is crucial. With the IPO closing on January 17, time is of the essence for those considering this investment opportunity.

Interesting Fact: Medi Assist Healthcare Services manages health benefits for various segments, showcasing its integral role in the healthcare industry. Additionally, the company's revenue generation from group insurance schemes highlights its focus on diverse insurance offerings.