Medi Assist Healthcare Services re-files DRHP with SEBI
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Medi Assist Healthcare Services has re-filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). Earlier, it had filed draft papers with the Securities and Exchange Board of India (Sebi) in May 2021, for floating an IPO but deferred the plan amid pandemic-induced rough market conditions.
The company is aimed at achieving the benefit of listing equity shares on the stock exchanges and carrying out OFS for the selling shareholders. Axis Capital, Nuvama Wealth Management, IIFL Securities, and SBI Capital Markets have been appointed as merchant bankers to advise the company on the IPO. The equity shares are proposed to be listed on the BSE and the NSE.
Medi Assist is a health-tech and insurtech company focused on administering health benefits across employers, retail members, and public health schemes.
