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.
- 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.
- 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.
- 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.
- 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.
- 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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