Mediassist IPO listed @ Rs.450

January 23, 2024 admin 16 comment Post Comment

Mediassist Healthcare IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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• GMP
• Reviews
• Subscription
• Allotment

What is the business of Mediassist Healthcare?

Mediassist Healthcare is India’s largest health benefits administrator in terms of revenues in the Financial Years 2021, 2022 and 2023. Its primary clients are insurance companies; however, it also serves as an
intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. For the Financial Year 2022, its total revenues accounted for 24.89%, its EBITDA accounted for 40.88%, and its profit after tax accounted for 55.31%, of the Indian health benefits administration industry revenue, EBITDA and profit after tax, respectively.

It is also the largest health benefits administrator in India in terms of premium under management for retail and group policies, with a market share of 14.83% of the retail health insurance market and 41.71% of the group health insurance market, and combined retail and group segment share of 33.67% serviced by health benefits administrators for the Financial Year 2022. It managed Rs.145,746.49 million of health insurance premiums (group and retail) as at the end of Financial Year 2023 growing at a CAGR of 35.67% from Rs.79,184.93 million as at the end of Financial Year 2021. As of March 31, 2023, we work with 36 insurance companies in India and globally.

Its technology costs (operating costs and capital expenditure) were Rs.49.57 million, Rs.18.32 million and Rs.202.19 million for the Financial Years 2021, 2022 and 2023, respectively, and aggregated to 1.54%, 0.47% and 4.00% of its revenue from contracts with customers, respectively.
It is the largest health benefits administrator in India in terms of premium under management for retail and group schemes. It serviced over 9,500 group accounts across sectors to help administer
the insurance requirements of their employees. As of March 31, 2022, it managed around Rs.96 billion of group health insurance premiums, representing 26.01% of India’s overall group health insurance market and 41.71% of the group health insurance market serviced by health benefits administrators in Financial Year 2022. Its market share in the overall group health insurance market serviced by health insurance market serviced by health benefits administrators was nearly five times that of its nearest competitor in the Financial Year 2022

For more information, click www.mediassist.in

Mediassist Healthcare IPO GMP, Particulars & Guidance

Mediassist Healthcare IPO Guidance
This is the much-awaited IPO. Mediassist Healthcare is India’s largest health benefits administrator in terms of revenues in the Financial Years 2021, 2022 and 2023. Its primary clients are insurance companies; however, it also serves as an intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes.
As of March 31, 2022, it managed around Rs.96 billion of group health insurance premiums, representing 26.01% of India’s overall group health insurance market and 41.71% of the group health insurance market serviced by health benefits administrators in Financial Year 2022.
The shares in this IPO are offered at very reasonable valuation of 38.60. The business has strong growth potential. Considering the growth potential and the valuation at which the shares are offered, we strongly recommend this IPO. Apply with FF (Full Force).

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Mediassist Healthcare IPO GMP

Mediassist Healthcare IPO GMP today details

Mediassist Healthcare IPO GMP today, Details, Guidance, Subscription Status, allotment

Mediassist Healthcare IPO Anchor Investors details

Medi Assist Healthcare Services IPO: Anchor investors buy Rs 351 crore of shares

Medi Assist Healthcare Services, the Bengaluru-based health insurance third-party administrator, mobilised Rs 351.5 crore through its anchor book issue ahead of the IPO opening. The public issue will open next week on January 15 and will close on January 17.

Marquee names in the list of anchor investors included Nomura Trust, Goldman Sachs, Ashoka Whiteoak, Pinebridge Global Funds, Troo Capital, and HSBC.

Further, HDFC Mutual Fund, Kotak Mahindra Trustee, Aditya Birla Sun Life Trustee, SBI Life Insurance Company, Mirae Asset, Canara Robeco Mutual Fund, Tata Mutual Fund, Sundaram Mutual Fund, Bandhan Mutual Fund, Edelweiss Trusteeship, Bajaj Allianz Life Insurance Company, Max Life Insurance Company and SBI General Insurance Company among domestic investors also participated in the anchor book, which was launched for a day on January 12.

The healthtech firm in consultation with the book-running lead managers has finalised the allocation of 84,08,449 equity shares to anchor investors at Rs 418 per share.