Medi Assist IPO Allotment: Check status online on BSE, Link Intime India - Step-by-step guide

Medi Assist IPO Allotment Status: The Initial Public Offering (IPO) of Medi Assist Healthcare Services received 16.25 times subscription on the last day of bidding on Wednesday. The Rs 1,171.57 crore-IPO received bids for 31,87,78,530 shares, against 1,96,19,719 shares on offer, as per NSE data. If you want to check the status of allotment, here we have mentioned a step-by-step guide to do it.

Medi Assist IPO Allotment Status on BSE: Step-by-step guide

Below we have mentioned easy steps to check Medi Assist's allotment status on the official website of the Bombay Stock Exchange (BSE). 

Step 1: Visit the official website of BSE and click on the 'Status of Issue Application' or use this direct link - https://www.bseindia.com/investors/appli_check.aspx.

Step 2:  Under the ‘Issue Type’ section, select ‘Equity’. 

Step 3: Select ‘Medi Assist’ from the dropdown menu.

Step 4: Enter details like application number or PAN number.

Step 5: Click on 'I am not a Robot' and submit.

Medi Assist IPO Allotment Status on BSE: Check status on LINK INTIME

Link Intime India Private Ltd is the official registrar for the public issue. You can check the allotment status on the official website.

Step 1: Visit the official website of LINK INTIME or use this link - https://linkintime.co.in/mipo/ipoallotment.html.

Step 2: Click on any of the 5 available links on the page to view IPO Allotment Status.

Step 3: Select Medi Assist IPO from the drop-down.

Step 4: Provide one of the details - Application No or Demat Account or PAN

Step 5: Provide Application Number. 

Step 6: Enter the captcha and click on Submit.

The category for Qualified Institutional Buyers (QIBs) got subscribed 40.14 times, while the portion for non-institutional investors fetched 14.85-times subscription. The quota for Retail Individual Investors (RIIs) got subscribed 3.19 times.

The initial public offer was entirely an Offer-for-Sale (OFS) of up to 2,80,28,168 equity shares. It had a price range of Rs 397-418 a share.

Medi Assist Healthcare Services, the Bessemer Ventures and Investcorp-backed third-party insurance administrator, on Friday raised Rs 351.5 crore from anchor investors.

The selling promoters include company chairman Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer Health Capital, and Investcorp Private Equity Fund.

Medi Assist covers over 18,000 hospitals across 1,069 cities and 31 states and has 35 insurers as partners.

Nuvama Wealth Management, Axis Capital Limited, IIFL Securities Limited, and SBI Capital Markets were the managers to the offer.