By: PTI | New Delhi |
Could perhaps well 11, 2021 2: 11: 01 pm
Bengaluru-based fully Medi Aid is a healthtech and insurtech firm centered on administering health advantages correct by employers, retail people and public health schemes. (Consultant image: Getty/Thinkstock)
Medi Aid Healthcare Companies has filed preliminary papers with capital markets regulator Securities and Alternate Board of India (Sebi) to waft an preliminary allotment-sale.
The preliminary public provide (IPO) is fully an provide of sale of as a lot as 28,028,168 equity shares of Medi Aid by promoters and existing shareholders, in accordance to the draft red herring prospectus.
These selling shares within the provide for sale encompass Dr Vikram Jit Singh Chhatwal, Medimatter Successfully being Management, Bessemer India Capital Holdings II Ltd, Bessemer Successfully being Capital LLC and Investcorp Private Equity Fund I.
Bengaluru-based fully Medi Aid is a healthtech and insurtech firm centered on administering health advantages correct by employers, retail people and public health schemes.
As per the draft papers, the firm managed Rs 7,829.5 crore of medical health insurance premiums for the financial yr 2020.
For the 9 month ended December 2020, the firm reported a entire profits of Rs 257.44 crore in opposition to Rs 245.16 crore a yr ago. Its profit after tax used to be at Rs 33.09 crore for the 9 months ended December 2020 as when put next with Rs 31.04 crore within the an identical period final yr.
Axis Capital, Edelweiss Financial Companies, IIFL Securities and SBI Capital Markets were appointed as merchant bankers to advice the firm on the IPO.
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