Medi Assist Healthcare Debuts on Stock Exchange at 11% Premium: Buy, Hold, or Sell

Medi Assist

Medi Assist

Invest Wisely

Medi Assist IPO: The shares opened at Rs 460 on NSE and Rs 465 on BSE, versus the issue price of Rs 418.

1. Listing Performance:
   • Medi Assist Healthcare stock debuts at an 11.24% premium over the IPO price.
   • Opens at Rs 460 on NSE and Rs 465 on BSE, surpassing the issue price of Rs 418.
2. Growth Potential:
   • Analysts expect growth in Indian insurance penetration from 16% to 33% in the next 5 years.
   • Prashanth Tapse from Mehta Equities sees Medi Assist well-positioned to benefit as a dominant TPA player.
3. Business Overview:
   • Provides TPA services through subsidiaries: Medi Assist TPA, Medvantage TPA, and Raksha TPA.
   • TPAs act as intermediaries processing health claims for insurers, offering services like policy administration and customer service.
4. IPO Details:
   • Raised Rs 1,171.58 crore through an offer-for-sale of 2.8 crore shares, including the anchor portion.
   • Price band: Rs 397-418 per share.
5. Analyst Recommendations:
   • Swastika Investmart suggests booking profits post-listing, with a cautionary approach.
   • Mehta Equities recommends holding for the long term.
   • Pace 360 advises holding for medium to long-term rewards.
   • StoxBox suggests booking profits upon listing and considering reinvestment after evaluating quarterly performance.

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