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 |
