Medi Assist Healthcare Services Limited IPO GMP Today

The existing equity shares of Medi Assist, amounting to 2.80 crores, are being offered for sale in the IPO. While the firm stands to gain nothing from the offer itself, it hopes to help strengthen its brand and give current shareholders some cash.

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 Services IPO GMP

Typically, grey market pricing (GMP) trading begins four to five days before an initial public offering (IPO) opens and continues all the way up until the listing date. If Medi Assist Healthcare Services Ltd’s GMP data from the past two days is any indication, the IPO listing price should be acceptable.

The GMP is affected by two things. To begin, the liquidity of the market is one of the most important market factors that significantly affects the GMP. Second, as a measure of investor enthusiasm for the stock, the number of shares subscribed for in the initial public offering (IPO) significantly affects the GMP. Theoretically, GMP can be negative as well, causing the stock to trade at a discount to its issue price.

One little detail needs to be kept in mind. While often used in informal settings, the GMP is not an official pricing point. Nevertheless, it has typically been shown to function as an accurate informal indicator of IPO demand and supply. Consequently, it does provide a general outlook on the listing and the stock’s performance after listing.

About Medi Assist Healthcare Services

By total premiums managed for retail and group plans, the firm outpaces all others in India’s health benefits administration industry. More than 9,500 group customers in various industries have relied on the firm to handle their employees’ insurance needs. Primarily, the firm works with insurance firms, but it also acts as a go-between for

(a) health and general insurance providers as well as their policyholders,

(b) medical facilities and insurance firms engaged in providing medical treatment, and

(c) those who receive benefits from public health programmes and the government.

The organisation has built a healthcare provider network throughout India over the years. It includes 14,301 hospitals in 967 cities and villages throughout 32 states.

The organization’s mission is to provide its stakeholders and clients with first-rate health insurance administration services by leveraging operational knowledge and technology to generate value. Our ability to incorporate newly acquired organisations into our operations is a direct result of our robust technological infrastructure and well-established operational processes.