Medi Assist is a Bengaluru-based health-tech and insure-tech company focused on administering health benefits across employers, retail members and public health schemes. It is India’s largest health benefits administrator in terms of revenues and premium serviced for health insurance policies for the financial years 2018, 2019 and 2020.
Objectives of the issue :
The company expects that listing of the equity shares will enhance their visibility and brand and provide liquidity to its existing shareholders. The company will not receive any proceeds from the offer. All proceeds from the offer will go to the selling shareholders, in proportion to the equity shares offered by them in the offer for sale.
|IPO Open Date||To be announced|
|IPO Close Date||To be announced|
|Allotment Date||To be announced|
|Initiation Of Refunds||To be announced|
|Credit Of Shares To
|To be announced|
|IPO Listing Date||To be announced|
|UPI Mandate Expiry Date||To be announced|
|Revenue From Operation||3,185.85||2,768.19||2,317.57|
|EBITDA Margin (%)||28.32||26.86||35.63|
|Profit After Tax||391.71||329.74||438.77|
A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App
Here are our top reasons:
|Well positioned to capture favourable industry dynamics||The future revenues and profitability are dependent on the growth of company’s premium under management, which may decline|
|Largest health benefits administrator in India||Being technology dependent, any system failure and a data security breach will be critical for the brand's image|
|Longstanding Relationships with a Majority of Indian Insurance Companies||Loss of clients can adversely affect business and prospects|
|Attractive Contracts with a pan-India Healthcare Provider Network||Non-compliance with IRDAI inspection or any adverse observations by the IRDAI|
Retail investors need to apply for the IPO using UPI
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Fill up your DOB, PAN, email & bank account details
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Medi Assist Healthcare Services Limited IPO is an offer for sale of 28,028,168 equity shares.
A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.