As we are stepping into 2024, in the world of investment possibilities there’s a lot of buzz about new companies going public in the different sectors. This article is your go-to guide to understanding the latest IPOs, and its terminology.
IPO Terms:
Listing Date: The stock exchange is where the IPOs shares are proposed to be listed. The listing Date is the new IPO listing date in NSE and BSE (Mainboard IPO).
IPO Date: It refers to when investors can apply for an IPO. The opening date is the start of the bidding process, and the closing date marks the end of that process. It’s like a window of time for investors to buy shares.
Listing Date: The date of new IPOs listing in NSE and BSE
Face Value: the price at which a company can sell its shares when it goes public
Price Band: A price band is a value-setting method in which a seller sets maximum and minimum cost limits, between which buyers can bid.
Lot Size: The lot size indicates the minimum number of shares to be purchased
Summary of Company IPO Details:
Medi Assist Healthcare is set to embark on a new chapter with its upcoming Initial Public Offering (IPO). The IPO is scheduled to take place from January 15, 2024, to January 17, 2024, with the listing date on Monday, January 22, 2024. The face value of each share is ₹5, and the price band for the IPO has been set at ₹397 to ₹418 per share. The lot size is 35 shares, making it accessible for a wide range of investors.
When it comes to retail participation, the minimum lot size is 1, comprising 35 shares at a total amount of ₹14,630, while the maximum lot size stands at 13, consisting of 455 shares with a total investment of ₹190,190. The IPO will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), providing investors with ample opportunities to be part of the growth journey of Medi Assist Healthcare in the Indian stock market.
IPO Details:
Company Name | Medi Assist Healthcare |
IPO Date | January 15, 2024 to January 17, 2024 |
Listing Date | Monday, January 22, 2024 |
Face Value | ₹5 per share |
Price Band | ₹397 to ₹418 per share |
Lot Size | 35 Shares |
Listing At | BSE, NSE |
IPO Lot Size:
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 35 | ₹14,630 |
Retail (Max.) | 13 | 455 | ₹190,190 |
About Company:
Medi Assist Healthcare provides third-party administration services to insurance companies through our wholly-owned subsidiaries, Medi Assist TPA, Medvantage TPA and Raksha TPA.
Its Indian provider network comprises 18,000+ hospitals across 1,069 cities and towns and 31 states (including union territories) as of September 30, 2023.
Medi Assist partners with group accounts (employers) to administer their employee health insurance plans, in India. Additionally, partners with Insurers to administer health insurance plans for retail customers (individual insurance Policyholders) and publicly funded health schemes (Government Schemes).
Ref: https://mediassist.in/about/
Disclaimer: This article provides general information existing at the time of preparation and we take no responsibility to update it with the subsequent changes in the law. The article is intended as a news update and Affluence Advisory neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this article. It is recommended that professional advice be taken based on specific facts and circumstances. This article does not substitute the need to refer to the original pronouncement
