MediAssist IPO Opens Today: Market Eyes India's Largest TPA Amidst Overall Volatility

Medi Assist Healthcare Services Ltd. IPO details:


  • Date: Opens today, January 15, 2024, and closes on January 17, 2024.
  • Price band: ₹397 to ₹418 per share.
  • Issue size: Up to ₹1,171.58 crore.
  • Offer type: Offer for Sale (OFS) of 280.28 million shares.
  • Listing: BSE and NSE on January 22, 2024.

Key highlights:

  • Largest TPA in India: Medi Assist is the largest Third-Party Administrator (TPA) in India, serving over 226 million lives and processing claims for over 14,000 hospitals.
  • Strong financials: The company has reported a steady growth in revenue and profitability over the past few years. For H1-FY24, its PAT stands at Rs. 45.26 crore.
  • Attractive valuation: The issue is priced at a P/BV of 6.91 based on its NAV of Rs. 60.51 as of September 30, 2023, which is considered attractive compared to its peers.
  • Mixed market sentiment: While the company's strong fundamentals and attractive valuation are attracting investors, there are concerns about the overall market volatility and the fact that there is no fresh issue in the IPO.

Overall, the Medi Assist Healthcare Services IPO is a good opportunity for investors looking for exposure to the growing healthcare sector in India. However, it is important to carefully consider the risks involved before making an investment decision.

Additional details:

  • Grey Market Premium (GMP): The GMP for Medi Assist Healthcare Services IPO is currently at Rs. 30 per share, which indicates that the stock is likely to list at a premium to the issue price.
  • Analysts' recommendations: Most analysts have given the IPO a "Subscribe" rating with some caution due to the current market volatility. 

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