Medi Assist Healthcare Services IPO GMP History
Medi Assist Healthcare Services IPO has been listed on January 23, 2024 at a listing price of ₹460, against the issue price of ₹418 — a gain of ₹42 (+10.05%). The GMP peaked at ₹80 on 11 January 2024 and reached a low of ₹30 on 19 January 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Medi Assist Healthcare Services IPO raised ₹1171.58 Cr. through its IPO at a price band of ₹397 to ₹418 per share, with a lot size of 35 shares. The IPO was open for subscription from 15 Jan 2024 to 17 Jan 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:27 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 22 Jan 2024 | ₹ 35 | ▲ | 8% | — | — |
| 20 Jan 2024 | ₹ 32 | ▲ | 8% | — | — |
| 19 Jan 2024 | ₹ 30 | — | 7% | — | — |
| 18 Jan 2024 | ₹ 30 | ▼ | 7% | — | — |
| 17 Jan 2024 | ₹ 40 | ▲ | 10% | — | — |
| 16 Jan 2024 | ₹ 35 | ▼ | 8% | — | — |
| 15 Jan 2024 | ₹ 40 | ▼ | 10% | — | — |
| 13 Jan 2024 | ₹ 55 | ▼ | 13% | — | — |
| 12 Jan 2024 | ₹ 64 | ▼ | 15% | — | — |
| 11 Jan 2024 | ₹ 80 | — | 19% | — | — |
| 10 Jan 2024 | ₹ 80 | — | 19% | — | — |
Medi Assist Healthcare Services IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 15 Jan 2024
- Close 17 Jan 2024
- Allotment 18 Jan 2024
- Refund/credit 19 Jan 2024
- Listing 23 Jan 2024
Medi Assist Healthcare Services IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹418 |
|---|---|
| GMP-based estimate (pre-listing) | ₹453 (+8.4%) |
| Listing gain / loss | +₹42 per share |
| Listing date | 23 Jan, 2024 |
| Actual listing price | ₹460 (+10.05%) |
Is Medi Assist Healthcare Services IPO GMP reliable?
Grey market premium for Medi Assist Healthcare Services IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Medi Assist Healthcare Services IPO full review for a fundamentals-based assessment before making any grey market trades.
Medi Assist Healthcare Services IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Medi Assist Healthcare Services IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Medi Assist Healthcare Services IPO
Medi Assist Healthcare Services Limited was incorporated as Net Logistics Private Limited on 7 June 2000. It is a health-tech and insur-tech company that manages health benefits for employers, retail members and public health schemes, mainly for insurance companies.
It acts as a link between general and health insurers and their insured members, between insurers and hospitals, and between the government and beneficiaries of public health schemes. It handles cashless hospitalisation through a network of healthcare providers.
It worked with 36 insurance companies in India and abroad as of 31 March 2023.
The IPO was Rs 1,171.58 crore and was entirely an offer for sale by the promoters, a promoter group entity, Investcorp and other shareholders, so the company received none of the money.
Frequently asked
What is the GMP of Medi Assist Healthcare Services IPO?
The current Grey Market Premium (GMP) of Medi Assist Healthcare Services IPO is ₹ 35.
What is the Kostak Price of Medi Assist Healthcare Services IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Medi Assist Healthcare Services IPO is not available.
What is the Subject to Sauda Price of Medi Assist Healthcare Services IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Medi Assist Healthcare Services IPO?
Medi Assist Healthcare Services IPO listed on January 23, 2024 at ₹460, against the issue price of ₹418 — a gain of +10.05%.
How did the GMP of Medi Assist Healthcare Services IPO trend before listing?
The GMP of Medi Assist Healthcare Services IPO was rising in its final days before listing. The GMP peaked at ₹80 on 11 January 2024. View the day-wise table above for the complete GMP history.
Explore Medi Assist Healthcare Services IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
