Medi Assist Healthcare IPO: बेंGaluru-based healthcare company Medi Assist Healthcare plans to be listed on the stock market. The company may soon launch its IPO. For this, Medi Assist has submitted draft paper (DRHP) with market regulator SEBI. This IPO sold out of the media report will be worth 840 crores. It is believed that there is a plan to bring an IPO of Medi Assist amid the growing health insurance demand in the country during the pandemics of the epidemic.
840 crore IPO plan
According to the report, Medi Assist Healthcare plans to raise Rs 840 crore through this IPO. This IPO will be completely based on the offer for sale. Through which the shareholder of the company, Dr. Vikramjit Singh will sell 25.4 lakh equity shares, Mediator Health Management 1.24 crore shares, Bessemer Health Capital LLC 66.1 lakh shares and Investcorp will sell 61.1 lakh shares of its share.
Bessemer Ventures and Vikram Jeet Singh Chatwal are promoters of Medi Assist. His stake in the company is 45.51 per cent and 31.63 per cent. Investcorp holds 21.65 per cent stake in the company. If the listing plan is met, then Medi Assist’s IPO will be the first IPO of any insurance third party administrator in India.
About the company
Medi Assist Healthcare Services manages the related claim from Health Insurance. TPA means a third party administrator who is a company or firm that processes medical insurance claims. Bangalore Situation This company has emerged as India’s largest Health Benefit Administrator in terms of revenue and premium services. Every insurance company appoints TPA for settlement of health policy claim.
It will manage the IPO
Axis Capital, Edelweiss Financial Services, IIFL Capital and SBI Capital Investor Bank will serve as investment bankers for the IPO. La firm Shardul Amarchand Mangaldas and Khaitan & Co are legal advisors.
Get Business News in Hindi, latest India News in Hindi, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.
.