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15 Days Price Change

Medi Assist Health IPO

Closing In

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WEBSITE Inc. Year: 2000 Industry: Business Support Listed Page

Profile
Issue Size --
Profile
Price Range 397  to  418 per share
Profile
Min Investment ₹418
Profile
Lot Size 1
Profile
Face Value ₹5
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Medi Assist Healthcare Services Ltd is a prominent Indian healthcare management company that specializes in providing end-to-end healthcare benefits administration solutions. Established in 2002, the company focuses on streamlining and enhancing the health insurance ecosystem by offering services such as claims processing, network management, and wellness programs. With a commitment to delivering seamless healthcare experiences, Medi Assist leverages technology to optimize processes and improve accessibility to medical services. As a trusted partner for insurers, employers, and individuals, the company plays a crucial role in facilitating efficient healthcare delivery and ensuring financial protection. Medi Assist's comprehensive approach aligns with the evolving needs of the healthcare industry, making it a key player in the Indian healthcare services landscape. Read More

Basic Info

Face Value 5 per share

Price 397  to  418 per share

P/E (x) 32.4

Sales( Cr.) 723

PAT( Cr.) 92

EPS 12.9

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Dr Vikram Jit Singh Chhatwal Medimatter Health Management Private Limited Bessemer India Capital Holding II Ltd

Pre Issue Share Holding 100%

Post Issue Share Holding 71.78%

Listing Details:

Listing Price: 465

Listing Gain: 10.11%

Current Price: 368.6

Gain On Issue: 368.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jan 15, 2024
Closing Date Jan 17, 2024
Allotment Jan 18, 2024
Refund Jan 19, 2024
Delivery of Shares Jan 19, 2024
Listing Date Jan 22, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 35 14,630
Retail (Max) 13 455 190,190
S-HNI (Min) 14 490 204,820
S-HNI (Max) 68 2380 994,840
B-HNI (Min) 69 2415 1,009,470

Objective of the Issue

The object of the Offer is to achieve the benefits of listing the Equity Shares on the Stock Exchanges. The company expects that listing the Equity Shares will enhance its visibility and brand and provide liquidity to its existing Shareholders. The listing will also provide a public market for the Equity Shares in India. 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.

Issue

Category Nos Bid Bid (x)
QIB 14014084 562525332 40.1x
NII 4204225 62432741 14.8x
Retail 9809859 31293450 3.2x
EMP 0 0 0x
Total 28028168 455457730 16.3x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Medi Assist Health Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 341 406 319 323 394 505 635 723
Other Income 11 4 12 25 28 14 26 27
Total Income 352 410 330 348 422 519 661 751
Total Expenditure 270 331 241 249 312 386 509 573
Operating Profit 82 80 90 98 109 133 152 178
Interest 4 4 4 6 3 3 3 10
Depreciation 19 25 26 32 28 27 43 56
Exceptional Income / Expenses 0 -11 0 0 3 0 -21 0
Profit Before Tax 59 39 59 61 81 104 84 112
Provision for Tax 19 13 21 23 17 28 13 20
Profit After Tax 40 26 38 38 63 75 71 92
Adjustments 0 0 -8 -11 1 -1 -4 -1
Profit After Adjustments 40 26 31 27 64 74 67 91
Adjusted Earnings Per Share 6.2 3.9 4.6 3.9 9.3 10.8 9.5 12.9

Medi Assist Health Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 204 218 211 290 337 377 472 541
Minority's Interest 3 2 2 2 2 7 10 11
Borrowings 0 0 0 0 0 0 0 13
Other Non-Current Liabilities 43 41 39 113 19 34 192 257
Total Current Liabilities 229 255 302 219 234 279 475 686
Total Liabilities 480 516 555 624 593 697 1148 1508
Fixed Assets 132 142 138 119 99 171 246 306
Other Non-Current Assets 81 91 110 133 69 83 268 269
Total Current Assets 267 283 308 370 425 442 633 933
Total Assets 480 516 555 624 593 697 1148 1508

Medi Assist Health Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 15 6 11 -5 63 15 54 51
Cash Flow from Operating Activities 40 35 17 139 64 81 66 138
Cash Flow from Investing Activities -42 -21 -21 -61 -83 -10 -55 -218
Cash Flow from Financing Activities -7 -10 -12 -10 -30 -32 -15 112
Net Cash Inflow / Outflow -9 4 -16 69 -49 39 -3 32
Closing Cash & Cash Equivalent 6 10 -5 63 15 54 51 83

Medi Assist Health Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 6.24 3.93 4.58 3.89 9.33 10.76 9.53 12.89
CEPS(Rs) 0 0 0 0 13.34 14.82 16.29 20.9
DPS(Rs) 0 0 0 2.5 1.89 1.89 4 0
Book NAV/Share(Rs) 30.46 31.85 30.87 41.56 47.81 53.08 65.98 75.68
Core EBITDA Margin(%) 20.82 18.55 24.37 22.76 20.66 23.64 19.73 20.81
EBIT Margin(%) 18.38 10.72 19.83 20.69 21.24 21.11 13.79 16.88
Pre Tax Margin(%) 17.34 9.67 18.66 18.91 20.49 20.52 13.3 15.45
PAT Margin (%) 11.85 6.45 11.98 11.78 16.12 14.91 11.23 12.66
Cash Profit Margin (%) 17.39 12.56 20.24 21.54 23.33 20.22 18.02 20.38
ROA(%) 8.43 5.26 7.12 6.44 10.43 11.68 7.73 6.9
ROE(%) 20.48 12.78 18.25 15.49 20.67 21.68 17.21 18.38
ROCE(%) 24.45 16.52 22.82 23.27 26.66 29.87 20.64 20.99
Receivable days 104.41 84.43 134 149.74 111.15 88.89 87.92 100.92
Inventory Days 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0
PER(x) 0 0 0 0 0 0 53.01 35.27
Price/Book(x) 0 0 0 0 0 0 7.66 6.01
Dividend Yield(%) 0 0 0 0 0 0 0.79 0
EV/Net Sales(x) 0.12 0.1 0.1 -0.36 -0.07 -0.35 5.33 4.38
EV/Core EBITDA(x) 0.5 0.49 0.37 -1.17 -0.26 -1.33 22.32 17.82
Net Sales Growth(%) 0 18.94 -21.54 1.3 22.02 28.22 25.7 13.96
EBIT Growth(%) 0 -30.63 45.16 5.67 25.27 27.45 -17.87 39.44
PAT Growth(%) 0 -35.24 45.69 -0.39 66.99 18.66 -5.33 28.48
EPS Growth(%) 0 -37.04 16.59 -14.97 139.47 15.32 -11.35 35.16
Debt/Equity(x) 0.27 0.25 0.35 0 0 0 0 0.28
Current Ratio(x) 1.17 1.11 1.02 1.7 1.81 1.59 1.33 1.36
Quick Ratio(x) 1.17 1.11 1.02 1.7 1.81 1.59 1.33 1.36
Interest Cover(x) 17.69 10.17 16.93 11.66 28.35 35.66 27.65 11.85
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0.05

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 22% 18% 0%
Operating Profit CAGR 17% 18% 15% 0%
PAT CAGR 30% 13% 19% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -26% NA% NA% NA%
ROE Average 18% 19% 19% 18%
ROCE Average 21% 24% 24% 23%

Company Contact Information

Medi Assist Healthcare Services Ltd.

Aarpee Chambers, Ssrp Building, 7th Floor, Andheri Kurla Road Marol Co-operative Industrial Estate Road Gamdevi, Marol, Andheri (East)

IPO Lead Manager(s)

Medi Assist Healthcare Services Ltd.

IIFL Securities Ltd.

Nuvama Wealth Management Ltd.

SBI Capital Markets Ltd

Axis Bank Limited

Registrar Info

Medi Assist Healthcare Services Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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