The Medi Assist Healthcare IPO is a book-built issuance worth Rs 1,171.58 crore. The issue is essentially an offer to sell 2.8 crore shares.
Medi Assist Healthcare’s first public offering (IPO) will be accessible for subscriptions from January 15, 2024 and close today, January 17. The allotment for the Medi Assist Healthcare IPO is expected to be completed on Thursday, January 18, 2024. Medi Assist Healthcare IPO will be listed on the BSE and NSE, with a preliminary listing date set for Monday, January 22, 2024.
Medi Assist Healthcare’s IPO pricing range is ₹397-418 per share. The minimum lot size for an application is 35 shares. The minimum investment for retail investors is ₹14,630. The minimum lot size investment for sNII is 14 lots (490 shares) for ₹204,820, while for bNII, it is 69 lots (2,415 shares) worth ₹1,009,470.
Medi Assist Healthcare IPO Details
| IPO Date | January 15, 2024 to January 17, 2024 |
| Listing Date | [.] |
| Face Value | Rs 5 per share |
| Price Band | Rs 397 to Rs 418 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 28,028,168 shares (aggregating up to Rs 1,171.58 Cr) |
| Offer for Sale | 28,028,168 shares of Rs 5 (aggregating up to Rs 1,171.58 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 68,859,212 |
| Share holding post issue | 68,859,212 |
Medi Assist Healthcare IPO Timeline
| IPO Open Date | Monday, January 15, 2024 |
| IPO Close Date | Wednesday, January 17, 2024 |
| Basis of Allotment | Thursday, January 18, 2024 |
| Initiation of Refunds | Friday, January 19, 2024 |
| Credit of Shares to Demat | Friday, January 19, 2024 |
| Listing Date | Monday, January 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 17, 2024 |
Medi Assist Healthcare IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | Rs 14,630 |
| Retail (Max) | 13 | 455 | Rs 190,190 |
| S-HNI (Min) | 14 | 490 | Rs 204,820 |
| S-HNI (Max) | 68 | 2,380 | Rs 994,840 |
| B-HNI (Min) | 69 | 2,415 | Rs 1,009,470 |
