Public Market

IPO

TPA firm Medi Assist attracts Rs.351-Cr from 36 anchors

PTI  

Medi Assist Healthcare Services, the Bessemer Ventures and Investcorp-backed third-party insurance administrator, has raised INR 351.5 crore from anchor investors ahead of its initial public offering (IPO). The company has allotted 84.08 lakh equity shares to 36 investors at INR 418 apiece.Participants in the anchor bidding include Goldman Sachs, Nomura, Jupiter India Fund, Pinebridge Global Funds, SBI Life Insurance Company, Bajaj Allianz Life Insurance Company, and Aditya Birla Sun Life Insurance Company. HDFC Mutual Fund, Kotak Mahindra MF, Aditya Birla Sun Life MF, Edelweiss MF, Tata MF, Sundaram MF, and Bandhan MF were among the mutual fund houses that have been allocated shares in the anchor placement.