Medi Assist Healthcare Services recordsdata IPO papers with Sebi

Medi Assist Healthcare Services has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (Sebi) to drift an preliminary share-sale.
The preliminary public supply (IPO) is totally a suggestion of sale of as much as 28,028,168 fairness shares of Medi Assist by promoters and present shareholders, in response to the draft purple herring prospectus.
Those promoting shares within the supply on the market embrace Dr Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer India Capital Holdings II Ltd, Bessemer Health Capital LLC and Investcorp Private Equity Fund I.

Bengaluru-based Medi Assist is a healthtech and insurtech firm targeted on administering well being advantages throughout employers, retail members and public well being schemes.
As per the draft papers, the corporate managed Rs 7,829.5 crore of medical insurance premiums for the monetary 12 months 2020.

For the 9 month ended December 2020, the corporate reported a complete revenue of Rs 257.44 crore towards Rs 245.16 crore a 12 months in the past. Its revenue after tax was at Rs 33.09 crore for the 9 months ended December 2020 as in comparison with Rs 31.04 crore in the identical interval final 12 months.
Axis Capital, Edelweiss Financial Services, IIFL Securities and SBI Capital Markets have been appointed as service provider bankers to recommendation the corporate on the IPO.