📢Exciting News!
Medi Assist Healthcare Services Limited is going public with its IPO !!
Check out I'm Subscribing to it or Avoiding it !
Also Let's find out what they are really doing. A thread👇
Medi Assist Healthcare Services Limited is going public with its IPO !!
Check out I'm Subscribing to it or Avoiding it !
Also Let's find out what they are really doing. A thread👇
They offer third-party administration services to insurance firms through their wholly owned subsidiaries.
A third-party administrator is a company responsible for handling health insurance claims on behalf of insurance providers, offering services like policy administration, customer support, and network management, among other functions.
A third-party administrator is a company responsible for handling health insurance claims on behalf of insurance providers, offering services like policy administration, customer support, and network management, among other functions.
Additionally, they enable various healthcare and ancillary services, including hospitalization services, call center operations, customer relations, contract management, billing services, and claims processing services, both through their main company and their affiliated subsidiaries.
They've established an extensive healthcare provider network spanning across India, encompassing 18,754 hospitals situated in 1,069 cities and towns, spanning 31 states (including union territories). Additionally, they maintain a global network reaching 141 countries.
They served 9,500 group accounts across various sectors, overseeing insurance for employees. Medi Assist TPA and Medvantage TPA handled ₹128.18 billion in group health insurance premiums, capturing 27.61% of India's market. Additionally, they managed ₹17.57 billion in retail health insurance premiums, constituting 5.06% of the overall market in India.
Their platform has integrated with 30 insurance companies, streamlining claim settlements. In FY 2023 and the six months ending September 30, 2023, 73.19% and 82.14% of in-patient claims were successfully processed through their portal integrations.
Key Financial Metrics
1. P/E (x) - 38.22
2. Post P/E (x) - 31.8
3. Debt/Equity - 0
1. P/E (x) - 38.22
2. Post P/E (x) - 31.8
3. Debt/Equity - 0
Positive
1. Health insurance penetration is anticipated to rise with government initiatives such as Ayushman Bharat, favoring TPAs like Medi Assist.
2. Larger players like Medi Assist stand to gain from potential consolidation in the TPA industry.
3. Medi Assist holds a leading market position as India's largest Third-Party Administrator (TPA).
1. Health insurance penetration is anticipated to rise with government initiatives such as Ayushman Bharat, favoring TPAs like Medi Assist.
2. Larger players like Medi Assist stand to gain from potential consolidation in the TPA industry.
3. Medi Assist holds a leading market position as India's largest Third-Party Administrator (TPA).
Negative
1. Some analysts voice concerns about the stock being overpriced based on current earnings.
2. Changes in government regulations or insurance policies could adversely impact the TPA business.
3. Reliance on a few large insurers for revenue could leave the company vulnerable to changes in those relationships.
1. Some analysts voice concerns about the stock being overpriced based on current earnings.
2. Changes in government regulations or insurance policies could adversely impact the TPA business.
3. Reliance on a few large insurers for revenue could leave the company vulnerable to changes in those relationships.
Objectives of the Offer
Fresh Issue - N/A
OFS- 1,171.58 Cr - Promoters & Non Promoters are selling from their stake.
Fresh Issue - N/A
OFS- 1,171.58 Cr - Promoters & Non Promoters are selling from their stake.
I am not applying for this IPO. However, I will try to take a position after listing if it gets listed at a discount.
Please be aware that this is not financial advice, and it is recommended to consult with your financial advisor.
Please be aware that this is not financial advice, and it is recommended to consult with your financial advisor.
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