Medi Assist Healthcare files for IPO, plans to raise Rs 850 crore
The Bengaluru-based healthcare company s IPO consists of a pure offer for sale (OFS) of 2.8 crore equity shares by Dr. Vikram Jit Singh, Medimatter Health management, Bessemer Health Capital LLC, and Investcorp Pvt. ATE Equity Fund
BusinessToday.In | May 11, 2021 | Updated 18:12 IST
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Medi Assist Healthcare Services Ltd has filed Draft Red Herring Prospectus (DRHP) for its initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). The firm plans to raise Rs 850 crore through the share sale.
The Bengaluru-based healthcare company s IPO consists of a pure offer for sale (OFS) of 2.8 crore equity shares by Dr. Vikram Jit Singh, Medimatter Health management, Bessemer Health Capital LLC, and Investcorp Pvt. ATE Equity Fund.
India: Health insurance administrator Medi Assist Healthcare files draft papers for IPO
May 11, 2021
Bengaluru-based Medi Assist Healthcare Services Ltd on Tuesday filed a draft red herring prospectus (DRHP) for its initial public offering (IPO) with the Securities and Exchange Board of India (Sebi).
The IPO consists of a pure offer for sale of 2.54 million shares by Dr Vikram Jit Singh, up to 12.47 million by Medimatter Health management, up to 6.61 million by Bessemer Health Capital LLC, and up to 6.11 million by Investcorp Pvt. ATE Equity Fund.
Medi Assist Healthcare Services, which manages claims related to health insurance, claims to be the largest health benefits administrator in terms of revenues and premium services for health insurance policies.