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Maitreya Medicare Limited IPO is a book built issue of Rs 14.89 crores. The issue is entirely a fresh issue of 18.16 lakh shares.
Maitreya Medicare Limited IPO bidding started from October 27, 2023 and ended on November 1, 2023. The allotment for Maitreya Medicare Limited IPO was finalized on Monday, November 6, 2023. The shares got listed on NSE SME on November 7, 2023.
Maitreya Medicare Limited IPO price band is set at ₹78 to ₹82 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹131,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹262,400.
GYR Capital Advisors Private Limited is the book running lead manager of the Maitreya Medicare Limited IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Maitreya Medicare Limited IPO is Giriraj Stock Broking.
Refer to Maitreya Medicare Limited IPO RHP for detailed information.
| IPO Date | October 27, 2023 to November 1, 2023 |
| Listing Date | November 7, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹78 to ₹82 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,816,000 shares (aggregating up to ₹14.89 Cr) |
| Fresh Issue | 1,816,000 shares (aggregating up to ₹14.89 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,960,000 |
| Share holding post issue | 6,776,000 |
| Market Maker portion | 108,800 shares Giriraj Stock Broking |
Maitreya Medicare Limited IPO offers 1,816,000 shares. 329,600 (18.15%) to QIB, 272,000 (14.98%) to NII, 611,200 (33.66%) to RII and 494,400 (27.22%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 494,400 (27.22%) |
| Market Maker Shares Offered | 108,800 (5.99%) |
| QIB Shares Offered | 329,600 (18.15%) |
| NII (HNI) Shares Offered | 272,000 (14.98%) |
| Retail Shares Offered | 611,200 (33.66%) |
| Total Shares Offered | 1,816,000 (100%) |
Maitreya Medicare Limited IPO raises Rs 4.05 crore from anchor investors. Maitreya Medicare Limited IPO Anchor bid date is October 26, 2023. Maitreya Medicare Limited IPO Anchor Investors list
| Bid Date | October 26, 2023 |
| Shares Offered | 494,400 |
| Anchor Portion Size (In Cr.) | 4.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 6, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 4, 2024 |
Maitreya Medicare Limited IPO opens on October 27, 2023, and closes on November 1, 2023.
| IPO Open Date | Friday, October 27, 2023 |
| IPO Close Date | Wednesday, November 1, 2023 |
| Basis of Allotment | Monday, November 6, 2023 |
| Initiation of Refunds | Tuesday, November 7, 2023 |
| Credit of Shares to Demat | Tuesday, November 7, 2023 |
| Listing Date | Tuesday, November 7, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 1, 2023 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹131,200 |
| Retail (Max) | 1 | 1600 | ₹131,200 |
| HNI (Min) | 2 | 3,200 | ₹262,400 |
| Lot Size Calculator | |||
The promoters of the company are Dr. Narendra Singh Tanwar, Dr. Pranav Rohitbhai Thaker, and Mr Vimalkumar Natverlal Patel.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.20% |
Incorporated in 2019, Maitreya Medicare Limited is a multispeciality hospital situated in Surat, Gujrat. The main focus of the hospital is multi-disciplinary integrated healthcare services, with primary secondary & tertiary care. Maitreya Medicare offers a comprehensive range of healthcare services across over 18 specialties and super specialties, including Cardiology, Urology, Laparoscopic Surgery, Oncology, Neurosurgery, Spine Surgery, Neurology, Nephrology including Dialysis, Gastroenterology, Gastrointestinal surgery, Cardiothoracic Surgery, Oncosurgery, Orthopedic Surgery including joint replacements and Arthroscopic surgeries, Gynecology & High-Risk Obstetrics, Hepatocellular Billary Surgery, Critical Care Medicine, etc.
As of 2023, the hospital has a 125-bed capacity under the leadership of Dr. Narendra Singh Tanwar, founder, Promoter, CFO, and Managing Director of the hospital, Dr Pranav Rohitbhai Thaker, Promoter & whole-time director, and Mr. Vimal Patel, Promoter & Whole Time Director.
Maitreya Medicare Limited's revenue decreased by -19.69% and profit after tax (PAT) rose by 271.95% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,122.31 | 2,749.89 | 2,448.79 | 2,527.23 |
| Revenue | 2,484.51 | 3,994.91 | 4,974.41 | 5,704.44 |
| Profit After Tax | 254.05 | 422.65 | 113.63 | 424.34 |
| Net Worth | 1,118.31 | 864.26 | 471.11 | 386.22 |
| Reserves and Surplus | ||||
| Total Borrowing | 520.21 | 585.12 | 750.25 | 919.05 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Maitreya Medicare Limited IPO is Rs 55.56 Cr.
| KPI | Values |
|---|---|
| ROE | 50.15% |
| ROCE | 42.71% |
| RoNW | 45.49% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.93 | |
| P/E (x) | 10.34 | 10.92 |
The hospital intends to utilize the proceeds of the Issue to meet the following objectives:
1. Making investment through Equity in the subsidiary named 'Maitreya Hospital Private Limited' for setting up a Hospital at Valsad, Gujarat.
2. Redemption of part of issued Non-Convertible Redeemable Preference Shares
3. Working Capital requirements of the company
4. General Corporate Purposes.
[Dilip Davda] The company is operating 125 bed hospitals with multi-speciality healthcare services. It posted declining trends in its top lines, but surprisingly reported improved bottom lines from FY23 onward i.e. in a pre-IPO period. The issue appears fully priced based on its recent financial performance which discounts all near term positives. The small post-IPO equity capital indicates longer gestation for migration to mainboard. Well-informed investors may park funds for medium to long-term rewards. Read detail review...
The Maitreya Medicare Limited IPO is subscribed 446.79 times on November 1, 2023 7:29:00 PM. The public issue subscribed 509.40 times in the retail category, 85.41 times in the QIB category, and 744.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 85.41 |
| NII | 744.03 |
| Retail | 509.40 |
| Total | 446.79 |
Total Application : 194,589 (509.40 times)
| Listing Date | November 7, 2023 |
| BSE Script Code | |
| NSE Symbol | MAITREYA |
| ISIN | INE0PLQ01011 |
| Final Issue Price | ₹82 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹82.00 |
| ₹162.55 |
| ₹154.45 |
| ₹164.00 |
| ₹154.45 |
Maitreya Medicare Limited
Nr. Someshwara Char Rasta
UM Road
Surat, 395007
Phone: +91 98798 89506
Email: cs@maitreyamedicareltd.com
Website: https://www.maitreyahospitals.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: maitreyamedicare.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Maitreya Medicare Limited IPO is a SME IPO of 1,816,000 equity shares of the face value of ₹10 aggregating up to ₹14.89 Crores. The issue is priced at ₹78 to ₹82 per share. The minimum order quantity is 1600 Shares.
The IPO opens on October 27, 2023, and closes on November 1, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Maitreya Medicare Limited IPO using UPI as a payment gateway. Zerodha customers can apply in Maitreya Medicare Limited IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Maitreya Medicare Limited IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Maitreya Medicare Limited IPO opens on October 27, 2023 and closes on November 1, 2023.
Maitreya Medicare Limited IPO lot size is 1600 Shares, and the minimum amount required is ₹131,200.
You can apply in Maitreya Medicare Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Maitreya Medicare Limited IPO will be done on Monday, November 6, 2023, and the allotted shares will be credited to your demat account by Tuesday, November 7, 2023. Check the Maitreya Medicare Limited IPO allotment status.
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