MEDI ASSIST
Nifty and business are different species: 5 small-cap stocks from different sectors with upside potential of up to 30%
For anyone who believed the stock market only goes up in linear fashion, the last 11 months of correction must have been educational. In fact, it would have been even more so in the case of small caps, which do have a higher element of risk. So, how does one reduce the risk of going wrong while selecting small-cap stocks? By doing a bit of hard work, just a bit. If you take care of a few small points before investing, it will go a long way in ensuring that you get that extra return for the extra risk taken. Adhering to these basic points will probably lead to better decision-making while buying. And they will also ensure you do not panic.
Bessemer India Capital exits Medi Assist Healthcare
These include ABSL Mutual Fund, Kotak Mahindra MF, Wasatch Emerging India Fund, ICICI Prudential MF, Edelweiss MF, HDFC Mutual Fund, and Public Sector Pension Investment Board.
Medi Assist Healthcare Services shares rally 7% after Rs 578 crore block deal
About 1.10 crore shares, representing 15.67% of the company’s equity, were traded via the block deal window at Rs 523 per share, amounting to a total transaction value of Rs 578 crore. Media reports had indicated that Bessemer India, a promoter group entity, might look to exit its entire stake in the company.
Praj Industries shares sink 9% to 52-week low as Q1 profit plummets 94% YoY
Praj Industries' shares hit a 52-week low after reporting a significant 93.7% YoY drop in Q1FY26 consolidated PAT, impacted by cautious ethanol market participants and geopolitical uncertainties. Despite revenue decline, the company secured key developments like IRA approval and a SAF plant engineering order. Praj remains committed to long-term growth despite current challenges.
Stocks in news: Medi Assist, SJVN, Ashoka Buildcon, Bata India, Adani Enterprises
Markets rebounded, gaining nearly a percent after a recent downturn. Medi Assist's promoter may sell up to 4% stake via block deals. SJVN reported a 36% YoY drop in net profit, while Ashoka Buildcon saw a 45% increase. Bata India's profit declined steeply by 70.1%, and Adani Defence will acquire Indamer Technics.
Bessemer India may offload its entire 15.67% stake in Medi Assist for Rs 560 cr
Bessemer India Capital Holdings II is planning to sell its entire 15.67% stake in Medi Assist Healthcare Services through a block deal on Tuesday, potentially raising over ₹560 crore. The investment firm, part of the promoter group, intends to offload 1.1 crore shares at a floor price of ₹507 per share, a 4% discount from Monday's closing price.
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Stock picks of the week: 6 stocks with consistent score improvement and return potential of more than 21% in 1 year
Whether the market is in the grip of bulls or bears, investors always need to be cautious and selective. When valuations are high, don't look for penny stocks, or stocks where there is only a narrative of growth. When the street is bearish, don’t get caught up in the short-term narrative and sell at the wrong time. Also, avoid the urge to average out. We are in a phase where the underlying bias of volatility has turned bearish. Given that valuations are high, there is a case to be selective if you are putting in fresh money. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum.
Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 26% in 1 year
With the headlines screaming about TCS laying off 2% of its workforce, other IT stocks are also reacting. The reality perhaps is that a part of this news was already built into the stock prices. Because, IT stocks have, quite literally, given no return in the past three years. Now, it might be too early to say this, but the fact is that history suggests that when bad news is at its peak, stocks are not far from their bottom. Meanwhile, other parts of the market continue to be in stock-specific mode, and may remain so for some time to come. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Medi Assist Insurance completes acquisition of Paramount TPA
Medi Assist Insurance TPA has finalized its acquisition of Paramount Health Services & Insurance TPA, bringing an additional Rs 4,000 crore in health premiums under administration. While both entities will initially operate independently, the merger aims to enhance provider networks and leverage operational synergies. This acquisition, valued at an enterprise value of Rs 311.
Carlyle Group sells 4.3% in Indegene for ₹636 cr
Global investment firm Carlyle Group divested a 4.3% stake in Indegene for ₹636 crore via open market transactions, reducing its holding to 10.22%. Capital Group also sold a 2.24% stake in Medi Assist Healthcare Services for nearly ₹93 crore, trimming its holding to 0.7%.
Medi Assist acquires Fairfax-backed Paramount TPA for Rs 312 crore
Medi Assist TPA signed an agreement to acquire Paramount TPA for Rs 311.8 crore. Funded by internal accruals and short-term debt, the acquisition aims to boost Medi Assist’s market share. This is Medi Assist’s second key acquisition, following the purchase of Raksha TPA last year.
Bulk deal: Goldman Sachs, other marquee funds buy stakes in Medi Assist Healthcare post-listing
While Goldman Sachs has invested about Rs 72 crore for 15 lakh shares, Nomura India Stock Mother Fund has picked up 5 lakh shares for about Rs 23 crore through bulk deals.
Medi Assist Healthcare shares list at 11% premium over IPO price
Medi Assist Healthcare, the first insurance third-party administrator (TPA) in India to list on the exchanges, saw its shares debut at a 11.2% premium. The stock listed at Rs 465 on BSE and Rs 460 on NSE, compared to an issue price of Rs 418. The company's IPO, which was subscribed 16 times, provided investors with an opportunity to invest in a leading TPA health-tech and insurance-tech company.
Medi Assist Healthcare IPO: What GMP signals ahead of listing tomorrow
If the current trends are sustained, the company's shares are expected to list with a premium of 8%. The issue was priced in the range of Rs 397-418.
Medi Assist Healthcare GMP jumps post share allotment as investors await listing
The share allotment of Medi Assist Healthcare IPO has been finalised and investors are awaiting the listing, which will be on January 23. Post the IPO allotment, the company's shares saw a bump in GMP in the grey market to Rs 29. Earlier, the Medi Assist Healthcare GMP was around Rs 27.
Medi Assist Healthcare IPO allotment likely today: Check status, GMP, listing date and other details
Medi Assist Healthcare will finalize share allotment to investors today evening. Investors will be allocated shares on a lottery basis. Investors can check allotment status on BSE or registrar website. IPO was subscribed 16 times, commanding Rs 25 premium in unlisted market.
Medi Assist Healthcare IPO Day 3. Check subscription, GMP and other key details
Medi Assist Healthcare IPO is an OFS of 2.8 crore shares, priced at Rs 397-418 apiece. About 50% of the issue is reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors.
Medi Assist Healthcare IPO: Check subscription on Day 2, GMP and other details
The retail portion of the issue was fully subscribed, followed closely by the NII category at 70%. There were no bids in the QIB portion of the IPO.
Medi Assist Healthcare IPO: Check subscription on day 1, review, GMP and other details
Medi Assist Healthcare's IPO was subscribed 54% 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 opens for subscription. Should you apply?
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 IPO opens on Monday. What GMP signals ahead of subscription?
Medi Assist Healthcare IPO: The initial public offering (IPO) of Medi Assist Healthcare will open for public subscription on January 15 and closes on January 17. Ahead of the issue opening, the grey market premium (GMP) of the company is around Rs 32.
Medi Assist Healthcare IPO opens on Monday: 10 things to know before subscribing
The company's shares are expected to get listed on both the exchanges. Here are 10 things to know about the offer.
Medi Assist Healthcare IPO price band fixed at Rs 397-418 apiece
Medi Assist Healthcare IPO: In the OFS, promoter Vikram Jit Singh Chhatwal and promoter group entities Medimatter Health Management and Bessemer Health Capital will offload part of their stakes.
Medi Assist Healthcare IPO to open for subscription on January 15. Check details
Medi Assist Healthcare issue is completely an offer for sale, where promoters and other shareholders plan to sell 2.8 crore shares of the company. On listing, Medi Assist will be the first insurance third-party administrator (TPA) in India to hit Dalal Street.
Medi Assist to acquire Raksha Insurance TPA in expansion push
"This is the largest M&A deal so far in the TPA space. In fact, Raksha will add almost 35% or more to our existing retail premiums. They will give us significant access to deeper parts of north, central and some deeper parts of western regions, making it truly a pan-Indian company," he said.
Medi Assist to acquire Medvantage Insurance TPA
The companies last week signed a definitive agreement towards this merger and are now awaiting approval from sector regulator Insurance Regulatory and Development Authority (IRDA) for the same, three people familiar with the matter said. The likely size of the deal is about ₹35 crore, industry insiders said. This could not be confirmed by either of the merging entities.
Medi Assist set to acquire 100% stake in Mumbai-based Medvantage Insurance TPA Pvt Ltd
Both the parties have last week signed a definitive agreement towards this merger and are now awaiting IRDA's approval for the same, three people familiar with the matter said.
IDFC Alternatives invests Rs 125 crore in Medi Assist Healthcare
Private equity firm IDFC Alternatives has invested Rs 125 crore in Bangalore-based healthcare services provider Medi Assist Healthcare.
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