Kochi: The initial share sale of Medi Assist Healthcare Services Limited, a tech company in the field of health and insurance, will be held from January 15 to 17, 2024. Allotment to anchor investors on 12 The IPO consists of an offer for sale of 28,028,168 equity shares by the promoters and existing shareholders.
The price band has been fixed at Rs 397 to Rs 418 per equity share of Rs 5 face value. Apply for minimum 35 shares and then multiples of 35. The shares will be listed on NSE and BSE. Axis Capital Limited, AIIFL Securities Limited, Nuwama Wealth Management Limited and SBI Capital Markets Limited are the lead managers for the IPO. If the shares are oversubscribed, the company will be listed on January 22. Ahead of the anchor book round and the IPO launch, promoters of the company such as Bessemer India and Investcorp have sold shares worth Rs 536 crore.
The largest shareholder in the company is Bessemer India Capital Holdings. 41,86,500 equity shares were transferred to Medi Assist. Bessemer India Capital transferred shares worth Rs 175 crore to Denmark-based Novo Holdings A/S on January 10 as per the share purchase agreement between the companies. With this, Novo will be the new public shareholder of the company. Bessemer India Capital’s shareholding in the company has come down to 29.84 per cent.