BLS-E Services is a digital service provider that offers business correspondence services to major banks in India, assisted E-Services, and E-Governance services at the grassroots level in India.
Medi Assist Healthcare s IPO was subscribed 36% on the first day, with retail investors leading at 62% and non-institutional investors at 22%. The QIB portion had no bids. The issue price is Rs 397-418, and bidding is open until January 17. The company will not receive funds from the IPO as it is entirely an OFS. Axis Capital, IIFL Securities, Nuvama Wealth Management, and SBI Capital Markets are the lead managers.
Medi Assist Healthcare IPO: The IPO of Medi Assist Healthcare, a third-party administrator providing services to insurance companies, opens for subscription. The company has raised Rs 351 crore from anchor investors, including Nomura, Goldman Sachs, and HSBC. The IPO is an OFS and the company will not receive any funds. Analysts recommend subscribing to the issue due to the company s market-leading position and growth potential. The IPO price band is set at Rs 397-418 per share, with 50% reserved for QIBs, 35% for retail investors, and 15% for non-institutional investors.
Medi Assist Healthcare Services, is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies.
Unlisted shares of Azad Engineering are currently trading Rs 370 higher in the grey market, which is a 70.61 per cent listing gain from the public issue, Azad Engineering IPO Closes Today: Should You Subscribe? Check Latest GMP, Subscription Status