Medi Assist Healthcare Services Limited IPO: Opportunity for Partnership with a Company Providing Technical Support to 36 Insurance Companies and Over 14,000 Hospitals Worldwide!
A chance to partner with a company offering technical support to 36 insurance companies and over 14,000 hospitals worldwide has emerged. This company, which did business of over 500 crores in the last financial year, is gearing up for an IPO. If you believe that this company will thrive even more in the future, get ready to subscribe to its IPO!
About Medi Assist Healthcare Services Limited
The company was established in 2002, with its headquarters in Bangalore. Dr. Vikram Jit Singh Chhatwal, the promoter of Medi Assist Healthcare Services Limited, leads a team of over 5,000 employees. Dr. Vikramjit Singh is also the Chairman of the company. The company has established a healthcare network in more than 967 cities and towns across 32 states and union territories in India, comprising over 14,000 hospitals. In the financial year 2023, the company settled claims for more than 50 lakhs.
Medi Assist Healthcare Services Limited Financial Information
– The company’s assets have increased from 545 crores to 705 crores.
– Revenue has grown from 345 crores to 518 crores.
– Net worth has increased from ₹292 crores to ₹383 crores.
– Reserves and Surplus have risen from 295 crores to 353 crores.
– Profit After Tax has increased from 26 crores to 74 crores.
– The company has no outstanding loans from banks or the market.
All the above figures are for financial year closing dates on March 31, 2021, and March 31, 2023, and are presented for easy understanding.
Medi Assist Healthcare Services Limited IPO Details
The company has announced the distribution of 2.8 crore shares among investors. Currently, the promoters hold 77.14% of the shares. The IPO’s opening, closing, and listing dates are yet to be announced. The face value of the shares is ₹5 each. The IPO price and Lot Size are yet to be disclosed by the company. As per market trends, the investment required for subscribing to the IPO might range from a minimum of ₹15,000 to a maximum of ₹1,50,000.
Disclaimer: Before making any investment decisions, please consult your financial advisor and always remember that when you invest in the stock market, all risks are solely yours.