Medi Assist Healthcare Services Limited IPO Know all about at PSU Connect Media

The price band for the IPO has been set at INR 397 to INR 418 per share.

Medi Assist Healthcare Services Limited IPO Know all about at PSU Connect Media

Medi Assist Healthcare Services Limited IPO Introduction: Founded in June 2002, Medi Assist Healthcare Services Limited is a health technology and insurtech company that manages health benefits for employers, retail members, and public health plans, primarily serving insurance companies. Medi Assist Healthcare's initial public offering (IPO) marks a significant financial journey in the company.

The IPO involves the sale of shares worth INR 280 crore. Subscription for the Medi Assist Healthcare IPO opens on January 15, 2024 and closes on January 17, 2024. The share distribution is expected to be completed on Thursday, January 18, 2024. The company has chosen to list on the Bombay Stock Exchange (BSE) and the provisional listing date on the National Stock Exchange (NSE) has been set as Monday, January 22, 2024. The price band for the IPO has been set at INR 397 to INR 418 per share.

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Medi Assist Healthcare IPO Timeline (Tentative Schedule):

1. IPO opening date: Monday, January 15, 2024
2. IPO closing date: Wednesday, January 17, 2024
3. Base date for allotment: Thursday, January 18, 2024

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Development prospects and competitive advantages:

Medi Assist Healthcare Services Limited, headquartered in Bangalore, India, is a prominent health technology and insurtech company specializing in health benefits management. They focus on delivering healthcare solutions through technology, partnerships and a human touch. The company emphasizes innovative and cost-effective healthcare solutions, combining technology with expert medical analytics to effectively manage healthcare costs. Medi Assist's comprehensive approach to benefits management is designed to ensure its members have a positive experience while keeping healthcare costs low. They have made significant progress in expanding their global presence, notably acquiring a majority stake in UK healthcare management services provider Mayfair We Care in November 2022. This acquisition enhances their global service offerings and provides greater scale in providing integrated healthcare services to their clients. Their mission is to be a trusted technology-led healthcare solutions partner that prioritizes honesty, integrity, respect, a positive environment and a customer-driven approach. Medi Assist has been recognized for its achievements, including being awarded the Best Third-Party Administrator in India at the Asia Insurance Awards 2020 and being listed among the 14 Healthiest Workplaces in India. Medi Assist's vision is to provide comprehensive healthcare solutions leveraging its extensive network of healthcare provider and insurance company partners to empower one billion people with informed healthcare decisions.

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