Medi Assist's Rs 1,172-cr IPO to open on January 15

Mumbai: The ₹1,172-crore IPO of Bengaluru-based Medi Assist Healthcare Services is set to open for subscription on January 15 at a price band of ₹397-418 per share.

The IPO will close on January 17 and investors can subscribe for a lot of 35 shares and its multiples afterwards. In the issue, promoters will sell about 2.8 crore shares of face value ₹5 each.

Medi Assist provides third-party administration services to insurance companies. It acts as a facilitator between insurance companies and their policyholders, insurance companies and healthcare providers (such as hospitals), and the govt and beneficiaries of public health schemes.