InvestorQ : Can you tell me about the proposed Medi Assist IPO?
vidhya Laxmi made post

Can you tell me about the proposed Medi Assist IPO?

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sarah Leo answered.
1 month ago
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The Medi Assist IPO, for which the information has just been filed with SEBI, promises to be a pioneer in its field to hit the market. Medi Assist is a third party administrator or TPA for the insurance claim settlement and this will be the first IPO by an insurance TPA. Medi Assist Healthcare has only filed preliminary papers with SEBI and more details are awaited.

The IPO will comprise of an offer for sale or OFS of up to 2.80 crore equity shares by the promoters and large existing shareholders. Two global PE giants, Bessemer and Investcorp, are among early investors in Medi Assist. Today, Medi Assist is the largest TPA in India. Bessemer holds 45.51% stake in Medi Assist while Vikram Chatwal holds 31.63% and Investcorp holds around 21.65%. Each of them will seek partial exit in the OFS.

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