Medi Assist IPO to open on January 15
时间:2024-06-25 04:36:46 阅读(143)
Medi Assist Healthcare Services, which offers third-party administration services to insurance firms, is set to open its Initial Public Offering (IPO) on January 15.
The maiden public issue will conclude on January 17 and the bidding for anchor investors will open for a day on January 12, according to the Red Herring Prospectus (RHP).
Those selling shares in the offer for sale include Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer India Capital Holdings II Ltd, Bessemer Health Capital LLC, and Investcorp Private Equity Fund I.
Since the issue is completely an Offer For Sale (OFS), the company will not receive any proceeds and all the funds will go to the selling shareholders.
Bengaluru-based Medi Assist is a health-tech and insurtech company focused on administering health benefits across employers, retail members, and public health schemes.
The company’s primary clients are insurance companies, it also serves as an intermediary between general and health insurance companies the insured member’s insurance companies and healthcare providers (such as hospitals), and the government and beneficiaries of public health schemes.
Axis Capital, Nuvama Wealth Management, IIFL Securities, and SBI Capital Markets have been appointed as merchant bankers to advise the company on the IPO.
The equity shares of the company will be listed on the BSE and the NSE.
上一篇:Bergner Masterpro dual air fryer- Say goodbye to unhealthy frying
下一篇:Will Nifty give up 17000 or will bulls grip D-St- Check 7 things to know before market opens
猜你喜欢
- Busy Week Ahead- Union Budget, FOMC, ECB, BoE
- World stocks gain after Wall Street has best day in 6 weeks
- Tata Motors stock hits 8-year high
- Strong macros, falling crude attract FPIs to equities
- Wipro, Tech Mahindra, Punjab National Bank, IDBI Bank, Century Ply stocks in focus on weekly F&O expiry
- Block for secondary trades may hit discount brokers’ pricing model
- Beyond numbers- How Artificial Intelligence is reshaping financial services
- e 39,500. “Support placed at 17900 and 39,200.” Meanwhile, Nagaraj Shetti believes that any lack of strength around 17900-18000 levels in the next 1-2 sessions could pull Nifty below the resistance area in the short term. “On the other side, a decisive move above 18K mark is likely to pull Nifty towards the next upside target of 18600 levels in the near term. Immediate support is placed at 17760 levels,” he said.
Also Read: Zerodha’s Nikhil Kamath tells when to buy stocks, shares Buffett formula to find the right time
FII and DII trades: Foreign Institutional Investors (FII) have been net buyers of domestic stocks for successive days now. On Wednesday, FIIs pumped in Rs 2,347 crore. Domestic Institutional Investors (DII) have been net sellers, pulling out Rs 510 crore yesterday.
IPO watch: Syrma SGS Technology enters the final day of bidding today. So far the issue, that opened last week, has been subscribed 2.27 times. Retail investors have subscribed their portion 2.66 times while NIIs have bid for their quota 3.58 times and QIB portion has been bid for 0.71 times.
- Boeing faces fresh scrutiny after Alaska Airlines incident – Here’s what has happened so far