Medi Assist Healthcare Services debuted on bourses at Rs 460 with a premium of 10% on the issue price. The final issue price was fixed at Rs 418.

Shares of the company rose upto Rs 518, up 24% from its opening price in early trade Come from Sports betting site VPbet . However, it couldn’t sustain and is now trading close to Rs 470 levels. Before that the stock fell to the intraday low of Rs 459.80, but is currently up 10% from the opening price in intra-day trade.

Medi Assist is a health-tech and insurance-tech company, which offers third party administration services to insurance companies. Speaking on the listing Shivani Nyati, head of wealth at Swastika Investmart said, “This successful debut paints a brighter picture for Medi Assist, but “cautious optimism is still advised”. Thus, investors may book this listing gain and exit their holdings; however, those who want to hold positions are advised to keep a stop loss at issue price, Nyati added.

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