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 opens for subscription on October 27, 2023 and closes on November 1, 2023. The allotment for the Maitreya Medicare Limited IPO is expected to be finalized on Monday, November 6, 2023. Maitreya Medicare Limited IPO will list on NSE SME with tentative listing date fixed as Thursday, November 9, 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.
Maitreya Medicare Limited IPO Details
| IPO Date | October 27, 2023 to November 1, 2023 |
| Listing Date | [9 NOVEMBER 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Maitreya Medicare Limited IPO Anchor Investors Details
Maitreya Medicare Limited IPO raises Rs 4.05 crore from anchor investors. Maitreya Medicare Limited IPO Anchor bid date is October 26, 2023.
| 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 20, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 14, 2024 |
Maitreya Medicare Limited IPO Timeline (Tentative Schedule)
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 | Wednesday, November 8, 2023 |
| Listing Date | Thursday, November 9, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 1, 2023 |
Maitreya Medicare Limited IPO Lot Size
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 |
Maitreya Medicare Limited IPO Promoter Holding
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 |
About Maitreya Medicare Limited
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 Financial Information (Restated Consolidated)
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 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 10.34 |
| ROE | 50.15% |
| ROCE | 42.71% |
| EPS (Rs) | 7.93 |
| RoNW | 45.49% |
Check Maitreya Medicare Limited IPO Peer Comparison here.
Objects of the Issue (Maitreya Medicare Limited IPO Objectives)
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.
Maitreya Medicare Limited Contact Details
Maitreya Medicare Limited
Nr. Someshwara Char Rasta
UM Road
Surat, 395007
Phone: +91 98798 89506
Email: cs@maitreyamedicareltd.com
Website: https://www.maitreyahospitals.com/
Maitreya Medicare Limited IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: maitreyamedicare.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html