Medi Assist Healthcare Services Ltd. (Ticker: MEDIASSI IN) is an insurance company based in India, specializing in providing third-party administration services to insurance companies through its wholly-owned subsidiaries, including Medi Assist TPA, Medvantage TPA, and Raksha TPA. The company operates a large network in India, with over 18,000 hospitals across more than 1,000 cities and towns. Medi Assist is known for administering both employee health insurance plans for employers and health insurance plans for retail customers, as well as publicly funded health schemes.
Medi Assist Healthcare Services Ltd. will list on the National Stock Exchange of India on January 23, 2024. The firm is offering 28.03 million shares at a price of INR 418.00 each. The expected market capitalization at the offer is INR 28.78 billion (USD 346.63 million), with a total offer size of INR 11.72 billion (USD 141.09 million). The offering is managed by Axis Capital Ltd, IIFL Securities Ltd, Nuvama Wealth Management, and SBI Capital Markets.