Medi Assist files fresh IPO documents with SEBI

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New Delhi: Medi Assist Healthcare Services has filed fresh preliminary documents with market regulator SEBI to raise funds through an initial public offering (IPO). This is the company’s second attempt at an IPO. Earlier, the company had filed a draft document with the Securities and Exchange Board of India (SEBI) for an IPO in May 2021, but later changed its plans in view of the deteriorating market conditions due to the Kovid-19 pandemic.

According to documents filed on Friday, Medi Assist’s IPO of 2.8 crore shares will be fully based on the offer for sale (OFS). Under this, the promoters and existing shareholders of the company will put up shares for sale. The sellers in the OFS are Vikram Jit Singh Chatwal, Medimatter Health Management, Bessemer India Capital Holdings-2 Ltd, Bessemer Health Capital LLC and Investcorp Private Equity Fund-1.

Since the issue is purely based on OFS, the company will not receive any proceeds and all the money will go to the shareholders selling the shares. Medi Assist is a healthcare technology company based in Bengaluru.

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