top cloud hosting company jaipur

Medi Assist Healthcare Services Limited files DRHP with SEBI

Medi Assist Healthcare Services Limited files DRHP with SEBI 1

Medi Assist Healthcare Services Limited (‘MAHSL’ or the ‘Company’)  filed its draft red herring prospectus dated May 10, 2021 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”) for its initial public offering (“IPO”).

The IPO consists of up to 28,028,168 equity shares of face value of ₹ 5 each (“Equity Shares”) of MAHSL and comprises entirely of an offer for sale by certain existing shareholders of MAHSL. The IPO shall constitute 40.70% of the post-IPO paid-up Equity Share capital of the Company.

The Equity Shares offered are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). Axis Capital Limited, Edelweiss Financial Services Limited, IIFL Securities Limited and SBI Capital Markets Limited are the book running lead managers to the IPO.

The DRHP filed with SEBI shall be made public for comments, if any, for a period of at least 21 days from the date of such filing by hosting it on the website of SEBI, BSE, NSE and the websites of the book running lead managers. The public announcement is attached to this press release.

About the Company

MAHSL is a technology-led company that plays a crucial role in the health insurance ecosystem. The Company 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. (Source: F&S Report#)

# Report titled “Indian Health Benefits Administration and Health Management Services Market Report” dated May 2021, prepared by  Frost & Sullivan (India) Private Limited.

Spread the love

Add a Comment