Medi Assist Healthcare Services Limited IPO
Medi Assist Healthcare Services Limited was a mainboard IPO in the Insurance Distributors sector, offered at ₹397–₹418 per share to raise ₹1,172 crore. The issue was subscribed 16.25× overall (QIBs 40.14×, NIIs 14.85×, retail 3.19×). It listed on 23 Jan 2024 at ₹460 and closed its first day at ₹464, a listing gain of +11.0% versus the ₹418 issue price. It now trades around ₹295 (-29.4% versus the issue price).
Frequently asked questions
- How many times was the Medi Assist Healthcare Services Limited IPO subscribed?
- The Medi Assist Healthcare Services Limited IPO was subscribed 16.25× overall — 40.14× in the QIB category, 14.85× among non-institutional investors, 3.19× in retail.
- What were the Medi Assist Healthcare Services Limited IPO listing gains?
- Medi Assist Healthcare Services Limited listed on 23 Jan 2024 at ₹460, closing its first day at ₹464 — a listing gain of +11.0% versus the ₹418 issue price.
- What were the retail allotment odds for the Medi Assist Healthcare Services Limited IPO?
- Retail was subscribed 3.19×, so a single-lot application had roughly a 31.3% chance of allotment (about 1 in 3), and allotment was finalised on 19 Jan 2024.
- What was the price band and lot size of the Medi Assist Healthcare Services Limited IPO?
- The price band was ₹397–₹418 per share, with a minimum lot of 35 shares (₹14,630 at the upper band).
- Who were the registrar and lead manager for the Medi Assist Healthcare Services Limited IPO?
- Link Intime India Private Limited was the registrar, and Nuvama (Edelweiss) was the book-running lead manager.