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A wholly owned subsidiary and the investment banking arm of State Bank of India
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SBICAPS is proud to lead the way in the ` 1,172 Crores IPO of Medi Assist Healthcare Services Limited

SBICAPS continues to lead the Indian Equity Capital Markets, successfully raising
INR 2.6 Lakh Crores for its clients since April 2020^

2024

SBICAPS Value Add

  • SBICAPS positioned Medi Assist as a key enabler in India’s health insurance sector with a differentiated high-growth story
  • SBICAPS played a crucial role in converting marquee long-only investors and hand holding the management throughout the IPO process
  • SBICAPS leveraged its exceptional domain capabilities in the healthcare sector to lead this successful IPO
  • Deal witnessed strong participation from marquee investors with the anchor book being allocated to investors like Goldman Sachs Asset Management, HSBC MF, SBI General, Max Life Insurance, Pinebridge, Sundaram MF among others.

Company Highlights

  • Among the largest Third Party Administrators in India having 17.3% market share.
  • Strong tailwinds- health insurance poised for ~23% growth during FY22-FY28E.
  • Longstanding relationships with a majority of Insurance companies – 94.01% retention rate.
  • Scalable tech-enabled infrastructure addressing the needs of all constituents of the health insurance ecosystem.

Subscription Details*

Overall 16.27x
QIB (ex Anchor) 40.09x
NII (` 2-10 Lakhs) 10.27x
NII (> ` 10 Lakhs) 17.27x
Retail 3.23x
Total No. of Applications 7,16,966

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