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News Details

10/01/2024 10:00

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Medi Assist Healthca announces launch of initial public offering

Medi Assist Healthcare Services Ltd. has announced public offering of 28028168 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 413.00 per share. The gross proceeds of the issue are expected to be Rs 1,17,157.74 lakhs.

The company's initial public offer (IPO) will open on 15 January 2024 and is expected to close on 17 January 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 397.00-418.00 per share.

The IPO includes a fresh Issue of 28028168 Equity Shares of the Company at an price of Rs 418.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 35 shares with bids in multiples of 35.

Medi Assist Healthcare Services Ltd. anticipates using the proceeds of the issue for .

Axis Capital Ltd.,IIFL Securities Ltd.,SBI Capital Markets Ltd.,Nuvama Wealth Management Ltd. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.