Medi Assist Healthcare IPO subscribed 47% so far on Day 1; check out issue price, allotment date, other key details

Medi Assist Healthcare IPO: Medi Assist Healthcare launched an initial public offer (IPO), estimated to be worth Rs 1,171.6 crore, on Monday, January 15. The health-tech company's IPO, comprising an offer for sale of 2.8 crore shares by promoters and existing shareholders, will conclude on January 17.

On Monday, the first day of the bidding process, the Medi Assist Healthcare IPO received bids for 91,32,235 crore shares as against the 1,96,19,719 shares on offer, an overall subscription of 47 per cent, according to provisional exchange data. 

Here's how the various categories of investors responded to the issue: 

Medi Assist Healthcare IPO subscription status

Medi Assist Healthcare IPO: Important dates 

The allotment of shares under the IPO is expected to be finalised tentatively on Thursday, January 18.

Medi Assist Healthcare shares will likely be listed on stock exchanges BSE and NSE tentatively on January 22. 

Medi Assist Healthcare IPO: Issue price 

The company has fixed a price band of Rs 397-418 per share for the IPO.

Medi Assist Healthcare IPO: Lot size 

Potential investors will be able to bid for shares under the IPO in multiples of 35 shares, translating into Rs 13,895-14,630 per lot. 

Medi Assist Healthcare IPO: Book running lead managers

Axis Bank, IIFL Securities, Nuvama Wealth Management and SBI Capital Markets are the book-running lead managers, whereas Link Intime India is the registrar for the issue.

What does Medi Assist Healthcare do?

Incorporated in 2002, Medi Assist Healthcare Services is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies.

For all other news related to business, politics, tech and auto, visit Zeebiz.com.