Medi Assist files DRHP with SEBI in second attempt to go public; check details
Medi Assist Healthcare Services has filed its draft red herring prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial share sale. This is the medical insurance provider’s second attempt to go public.
Earlier, the insurer had filed preliminary papers with SEBI in May 2011, for floating an IPO but deferred the maiden public issue amid pandemic-induced rough market conditions.
According to the fresh DRHP, the initial public offering (IPO) is entirely an offer for sale of up to 2.8 crore equity shares of Medi Assist by the promoters and existing shareholders.
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Updated: 26 Aug 2023, 04:22 PM IST
