Here is a full Summary of Medi Assist Healthcare Service Ltd IPO Details. Keep visiting daily for important dates. You can bid for this IPO between 15th Jan 2024 to 17th Jan 2024. You can apply through a minimum amount of ₹14630, 35 shares (1 Lot) and between the price range of ₹397 to ₹418.
Table of Contents
ABOUT COMPANY
Medi Assist Healthcare Service Ltd was incorporated on June 7, 2000, as a private limited company. Later, the name of the Company was changed to “Medi Assist Healthcare Services Private Limited” on November 21, 2012. The name of the Company was again changed to “Medi Assist Healthcare Services Limited”, and the RoC issued a fresh certificate of incorporation on March 20, 2018.
The company primarily operates, owns, manages, and administers diagnostic centres, scan centres, nursing homes, hospitals, clinics, dispensaries, maternity homes, child welfare, and pathological testing laboratories in India and abroad. It also carries out the business of health plan administration, health benefits administration, pharmacy benefits administration, disease management, and drug distribution, whether in India or abroad. Additionally, the company manufactures, designs, repairs, buys, sells, resells, imports, exports, deals, distributes, and markets materials, accessories, spares, tools, equipment, and chemicals required in laboratories, pharmaceuticals, diagnostic centres, and other industries and research institutions.
It acts as a consultant and advisor, providing technical know-how, services and support for the establishment, operation, and improvement of medical institutions, centres, clinics, diagnostic centres, and laboratories in India and abroad.
PROMOTORS
Medimatter Health and BICH-II are the Promoters of the Company, with Dr. Vikram Jit Singh Chhatwal as a part of the team.
THE ISSUE
The company is offering 28,028,168 shares for sale.
IPO Issue Size – ₹1171 Cr
Minimum Investment – ₹14630
MEDI ASSIST HEALTHCARE SERVICE LTD IPO IMPORTANT DATES
| Opening Date | 15th Jan 2024 |
| Closing Date | 17th Jan 2024 |
| Allocation Date | 18th Jan 2024 |
| Refund Initiation Date | 19th Jan 2024 |
| Demat Transfer Date | 19th Jan 2024 |
| IPO Listing Date | 22nd Jan 2024 |
| Issue Price | ₹418 Per Share |
| Lot Size | 35 shares |
| Face Value | ₹5 Per Share |
Also Read : New Swan Multitech Limited SME IPO Details
PURPOSE OF THE IPO
The Company believes that listing Equity Shares will increase visibility, and brand value, and provide liquidity to existing shareholders. Our Company will not receive any proceeds from the Offer. All proceeds will go to the Selling Shareholders.
MEDI ASSIST HEALTHCARE SERVICE LTD IPO FINANCIAL INFO
| Period | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Total Assets | 802.62 | 705.72 | 602.23 | 545.30 |
| Revenue | 312.03 | 518.96 | 412.02 | 345.57 |
| Profit After Tax | 45.26 | 75.31 | 63.47 | 38.01 |
| Total Borrowing | 322.04 | 262.94 | 252.75 |
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