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Maitreya Medicare IPO Dates, Price band, Review & allotment Details 2023

Maitreya Medicare is set to launch an IPO which will open on October 27, 2023, and close on November 01, 2023. Through this public offer company wants to raise Rs. 14.89 Crore from the primary market, Company fixed the price band of Rs. 82 with a minimum lot of 1,600 shares, and list on November 09, according to the preliminary papers filed to the capital market regulator SEBI.

About Maitreya Medicare Company

Maitreya Medicare is a Surat-based NABH accredited hospital with 125 bedded facilities and provide ultimate secondary and territory healthcare services at affordable charges.

Specialized at cardiology, urology, oncology, laparoscopic, surgery, neurology, spine surgery, orthopedic surgery, join replacements, arthoscopic surgeries, gyeecology, high risk obsterrics, hapatorcelluar billary surgery, critical care medicine etc.

Check out the IPO allotment status on IPO Deliver.

Maitreya Medicare IPO Object

The company intends to use the IPO Funds for the below-mentioned purposes:

  1. Capital Expenditure for setting up hospital.
  2. Redemption of part of issued non-convertible redeemable preference shares.
  3. Working capital requirement of the company
  4. General corporate purposes and offer expenses.

Maitreya Medicare Strength

  1. Ability to retain and attract skilled healthcare professional
  2. Focus on under-served areas and presence in tier 2 and 3
  3. Focus on quality environment, health and safety
  4. Experience promoters and senior management

Maitreya Medicare Risk Factor

  1. Outstanding legal proceedings on the company
  2. Highly dependent on healthcare professional
  3. Failed to comply with statutory regulations provisions.

Maitreya Medicare IPO Review & Rating

Issue Size (Rs.) 14.89 crore
Issue Price (Rs.) 78-92 per share
Minimum Lot Size 1,600 shares
Total Profit (March 2023) (Rs.) 4.22 crore
RoCE (%) 42.71%
EPS (Rs.) 7.93
NAV (Rs.) 17.42 per share
Listing on NSE Emerge (SME)
IPO Deliver Rating Avoid

 

Maitreya Medicare IPO Dates, Price Band & Details

Maitreya Medicare IPO will open on October 27, 2023, and close on November 01, 2023. The IPO list on November 09, 2023.  

Type of issue Fixed Price IPO
Issue Size (Rs.) 51.66 Crore
Face Value (Rs.) 10/- per share
IPO Open Date October 27, 2023
IPO Close Date November 01, 2023
IPO Allotment Date November 06, 2023
Refund Date November 07, 2023
Share Credit Date November 08, 2023
Listing Date November 09, 2023

 

Maitreya Medicare IPO Offer

Maitreya Medicare IPO’s total issue size is 18,16,000 shares, which comprises below-mentioned categories.

Offer Category Shares Offer Amount (Rs.)
Fresh Issue 18,16,000 14.89 Crore
Offer for Sale (OFS)

 

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Maitreya Medicare Financials Review (Lakhs)

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category (Rs.) March 31, 2023 March 31, 2022 March 31, 2021
Total Revenue 3994.91 4974.41 5704.44
Net Worth 864.26 471.11 386.22
Profit 422.65 113.63 424.34
Total Borrowings 585.12 750.25 919.05

 

Maitreya Medicare IPO Quantitative Factors

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category March 31, 2023 March 31, 2022 March 31, 2021
EPS (Rs.) 7.93 1.71 8.06
RoNW (%) 45.49 18.02 103.45
NAV (Rs.) 17.42 4711.12 3862.16

 

Maitreya Medicare IPO Peers Comparison (Top 2)

Comparison with the other same segment listed companies in India.

Company Names EPS (Rs.) RoNW (%) NAV (Rs.)
Shallby Ltd. 7.48 7.30 86.44
KMC Specialty 1.64 23.51 6.94

 

Maitreya Medicare Company Promoters

As per the DRHP and RHP, the company has three Promoter.  

Serial No. Name
01. Dr. Narender Singh Tanwar
02. Dr. Pranav Rohitbhai Thaker
03. Vimal Kumar Natverlal

 

Maitreya Medicare Pre-offer and Post-Offer Promoters Shareholding

Promoter and promoter group Shareholding Percentage (%)
Pre-Issue 100
Post- Issue 73.20

 

Maitreya Medicare IPO Reservation

Maitreya Medicare IPO total reservation of 18,16,000 shares, distributed between the below-mentioned categories.

Category offer Size
QIB- Not more than 50% of the offer size 50% of the offer size
NII- Not less than 15% of the offer size 15% of the offer size
RII- Not less than 35% of the offer size 35% of the offer size
Market Maker Portion 108,800

 

Maitreya Medicare IPO – Market Lot Size

An individual investor can apply for a minimum of 1 lot of 1,600 Shares Market lot sizes for retail investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail Minimum 1 1,600 1,31,200
Retail Maximum 1 1,600 1,31,200

 

Maitreya Medicare IPO – Prospectus

An investor can download/view the Maitreya Medicare Limited prospectus copy, which was filed by the company to SEBI, details are as follows.

Maitreya Medicare IPO Prospectus Download/View Links
Draft Red Herring Prospectus (DRHP) Click here
Red Herring Prospectus (RHP) Click here

 

Maitreya Medicare IPO Registrar

Link Intime India Private Limited

Tel No.: +91-022 4918 6270

E-Mail: maitreyamedicare.ipo@linkintime.co.in

Website: www.linkintime.co.in

Maitreya Medicare IPO lead manager

GYR Capital Advisors Private Limited

Tel No.: +91 022 49060000

E-Mail: info@gyrcapitaladvisors.com

Website: www.gyrcapitaladvisors.com

Maitreya Medicare IPO Application (How to Apply for an IPO)

There are primary four options for applying for a Maitreya Medicare IPO, details are as follows:

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Maitreya Medicare Limited

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.

Step-5. After the above steps, the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Maitreya Medicare Limited

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details.

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.

Option – 4 Apply for IPO through Stock Exchanges

NSE Form – Click to download

BSE Form – Click to download

Submit the form with your bank/broker.

Maitreya Medicare Company Details

Maitreya Medicare Limited (2009)

Registered Office: Nr. Someshwara Char Rasta UM Road, Surat-395007, Gujarat

Contact No. +91-9879889506

Email: cs@maitreyamedicareltd.com  

Website: www.maitreyamedicareltd.com

Investor Grievances/Compliance Officer: Payal Mathur

Maitreya Medicare Subsidiary Companies (Top 2)

Serial No. Name of Companies
01. Maitreya Hospital Pvt. Ltd.
02. Maireya Lifescience Pvt. Ltd.

 

Maitreya Medicare Company Board (Top 2)

Serial No. Name of Directors
01. Dr. Narender Singh Tanwar
02. Dr. Pranav Rohitbhai Thaker

 

Maitreya Medicare IPO – Frequently Asked Questions (FAQ’s)

Q-1 What is Maitreya Medicare IPO?

Ans: Maitreya Medicare brings its SME IPO of Rs. 14.89 crore, on October 27, 2023, with a price band of Rs. 82 per share.

Q-2 what is Maitreya Medicare IPO Open date?

Ans: Maitreya Medicare IPO opening date is October 27, 2023.

Q-3 what is Maitreya Medicare IPO Close date?

Ans: Maitreya Medicare IPO closing date is November 01, 2023.

Q-4 What is Maitreya Medicare IPO Listing date?

Ans: Maitreya Medicare IPO listing date is November 08, 2023.

Q-5 What is Maitreya Medicare IPO Minimum investment amount?

Ans: Maitreya Medicare IPO minimum investment amount is Rs. 1,31,200.

Q-6 What is Maitreya Medicare IPO offer issue Size?

Ans: Maitreya Medicare offers an issue size of Rs.14.89 Crores.

Q-7 What is Maitreya Medicare IPO Price Band?

Ans: Maitreya Medicare IPO price band is Rs 82 per share.

Q-8 Is Maitreya Medicare IPO mainboard IPO or SME IPO?

Ans: Maitreya Medicare IPO is the SME IPO.

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