MEDI ASSIST HEALTHCARE SERVICE LTD IPO DETAILS

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.

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 Date15th Jan 2024
Closing Date17th Jan 2024
Allocation Date18th Jan 2024
Refund Initiation Date19th Jan 2024
Demat Transfer Date19th Jan 2024
IPO Listing Date22nd Jan 2024
Issue Price₹418 Per Share
Lot Size35 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

Period30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Total Assets802.62705.72602.23545.30
Revenue312.03518.96412.02345.57
Profit After Tax45.2675.3163.4738.01
Total Borrowing322.04262.94252.75
Amount in ₹ Crore

We/I are not SEBI Registered, we advise accordingly our research please bid for IPO at your own risk.

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