Healthcare services provider Medi Assist refiles DRHP with SEBI

Bengaluru-based healthcare services provider Medi Assist Healthcare Services has again filed its draft red herring prospectus (DRHP) with SEBI to raise funds through an initial share sale.

This comes after the company first filed DRHP in May 2021 but deferred the maiden public issue due to tough market conditions.

The initial public offering (IPO) is entirely an offer for sale of up to 2.8 crore equity shares by the company's promoters and existing shareholders.

It's worth mentioning that the company will not receive any funds from the IPO proceeds and all the funds will go to the selling shareholders.

Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer India Capital Holdings II Ltd, Bessemer Health Capital LLC, and Investcorp Private Equity Fund I are among the investors who are selling their shares via OFS.

Medi Assist has appointed Axis Capital, Nuvama Wealth Management, IIFL Securities, and SBI Capital Markets as merchant bankers to advise the company on the IPO.

Medi Assist is a health-tech and insurtech company focused on administering health benefits across employers, retail members, and public health schemes.

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