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Medi Assist Healthcare IPO
Price Band
₹397.0–418.0
Issue Size
₹1171.58 Cr
Lot Size
35 shares
Min Investment
₹14,630
GMP
+₹34.0 (8.13%)
Issue Price
₹418.0
Subject to Sauda
₹900
Paid only if allotted
Medi Assist Healthcare IPO AI Summary
- Medi Assist Healthcare IPO is listed on BSE, NSE in the Insurance Distributors sector.
- Price band: ₹397.0–₹418.0 per share, lot size 35 shares (min. investment ₹14,630).
- Subscription window: 15 Jan–17 Jan 2024, listing on 23 Jan 2024.
- Current GMP is +₹34.0 (8.13%), an estimated listing price of ₹452 — unofficial and can change daily.
Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company with a robust network and partnerships in the insurance sector. While the company has shown growth in revenue and profit over the years, recent figures indicate a decline in the latest reporting period. Investors should carefully consider the company's performance, market position, and potential risks before participating in the IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Medi Assist Healthcare IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 17 Jan 2024 — not a current signal.
5 of 8 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Medi Assist Healthcare IPO Grey Market Premium (GMP) Today
GMP
+₹34.0
GMP %
+8.13%
Est. Listing
₹452.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in June 2002, Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies. Medi Assist offers medical insurance and cashless hospitalization through a network of healthcare service providers. However, the company also acts as a mediator between (a) general and health insurance companies and their insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. Medi Assist Healthcare collaborated with 36 insurance companies in India and worldwide as of March 31, 2023. The revenue generated by the retail portfolio for the financial years 2021, 2022, and 2023 was ₹494.68 million, ₹579.84 million, and ₹570.29 million, respectively. These amounts constituted 15.33%, 14.72%, and 11.29% of the total revenue from customer contracts for the same years. As of March 31, 2023, the company has established a healthcare network across India, with over 14,000 hospitals in 967 cities and towns in 32 states and union territories. During FY2023, the company settled 5.27 million claims, comprising 2.44 million in-patient claims and 2.83 million out-patient claims.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 802.62 | 705.72 | 602.23 | 545.30 |
| Total Income | 312.03 | 518.96 | 412.02 | 345.57 |
| Profit After Tax | 45.26 | 75.31 | 63.47 | 38.01 |
| NET Worth | 416.64 | 383.67 | 339.29 | 292.55 |
| Reserves and Surplus | 102.03 | 353.86 | 308.63 | 295.81 |
Key Ratios
EPS
₹10.94
NAV
₹55.72
ROCE
24.95%
RoNW
19.63%
P/B Value
0.00
P/E Ratio
38.22
Market Cap
₹2878.32 Cr
PAT Margin
14.51%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Medi Assist Healthcare Services Limited This IPO | 55.72 | 19.63% | 38.22 | 10.94 | 10.94 |
Promoters
Vikram Jit Singh Chhatwal, Medimatter Health Management Pvt.Ltd. and Bessemer India Capital Holding II Ltd.
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹345.57 Cr in the year ending March 31, 2021, rising to ₹412.02 Cr by March 31, 2022, and further increasing to ₹518.96 Cr by March 31, 2023. However, in the most recent period ending September 30, 2023, revenue decreased to ₹312.03 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹38.01 Cr in the year ending March 31, 2021, increasing to ₹63.47 Cr by March 31, 2022, and further rising to ₹75.31 Cr by March 31, 2023. In the most recent period ending September 30, 2023, profit decreased to ₹45.26 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
The company has an implied P/E ratio of 38.22 at the issue price, which aligns with its peer group's P/E range.
Key Risks
Investors should consider the competitive landscape in the health-tech and insurance sectors, as well as potential regulatory changes that could impact operations. Additionally, the recent decline in financial performance may pose risks to short-term investors.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the potential premium at which an IPO might list compared to its issue price. A positive GMP suggests that investors are willing to pay more than the issue price in the grey market, reflecting demand for the shares.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market position. It's important to assess whether the company aligns with your investment strategy and risk tolerance.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid this IPO, especially given the recent decline in financial performance.
IPO Timeline, Explained
The IPO opens for subscription on January 15, 2024, and closes on January 17, 2024. Allotment of shares will be finalized by January 18, 2024, with the listing date set for January 23, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may see a surge in price upon listing, others may not perform as expected. Investors should be prepared for potential volatility on the listing day.
This evaluation is generated from Medi Assist Healthcare's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Medi Assist Healthcare IPO GMP today?
Medi Assist Healthcare IPO GMP today is +₹34.0 (8.13%), indicating an estimated listing price of ₹452. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Medi Assist Healthcare IPO?
The price band of Medi Assist Healthcare IPO is ₹397.0–₹418.0 per share.
When does Medi Assist Healthcare IPO open and close?
Medi Assist Healthcare IPO opens on 15 January 2024 and closes on 17 January 2024.
When does Medi Assist Healthcare IPO list on the stock exchange?
Medi Assist Healthcare IPO listed on 23 January 2024 at ₹452.0.
What is the lot size for Medi Assist Healthcare IPO?
The lot size for Medi Assist Healthcare IPO is 35 shares, requiring a minimum investment of ₹14,630.
What is the lot size for the Medi Assist Healthcare IPO?
The lot size for the Medi Assist Healthcare IPO is 35 shares.
What is the minimum investment required?
The minimum investment required is ₹14,630.
What is the price band for the IPO?
The price band for the IPO is between ₹397.0 and ₹418.0.
When is the listing date for the IPO?
The listing date for the IPO is January 23, 2024.
What does GMP mean?
GMP, or Grey Market Premium, indicates the premium at which shares are expected to trade in the grey market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
15 Jan 2024
Close
17 Jan 2024
Allotment
18 Jan 2024
Listing
23 Jan 2024
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