Medi Assist Healthcare Services, which garnered a strong investor response on the penultimate day of its initial public offering (IPO), is scheduled to finalize the share allotment.
Following the successful conclusion of the ₹1,171.57 crore-IPO on January 17, investors will get updates on any share allotment. The information will also be available on the registrar’s official portal, Link Intime India Pvt Ltd, as well as the BSE website. Bidders can verify the share allotment status online by taking a few simple steps.
The Medi Assist Healthcare Services IPO was subscribed to 16.25 times on the offer’s closing day, January 17. The IPO got bids for 31.87 crore shares, with an issue size of 1.96 crore shares.
The Qualified Institutional Buyers category was subscribed 40.14 times, while non-institutional investors’ quota was subscribed 14.85 times. Retail investors subscribed 3.19 times.
The IPO was a pure Offer-for-Sale (OFS) of up to 2,80,28,168 equity shares. The price range was ₹397-418 per share. Medi Assist Healthcare Services, a third-party insurance administrator, is backed by Bessemer Ventures and Investcorp.
