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:
- Capital Expenditure for setting up hospital.
- Redemption of part of issued non-convertible redeemable preference shares.
- Working capital requirement of the company
- General corporate purposes and offer expenses.
Maitreya Medicare Strength
- Ability to retain and attract skilled healthcare professional
- Focus on under-served areas and presence in tier 2 and 3
- Focus on quality environment, health and safety
- Experience promoters and senior management
Maitreya Medicare Risk Factor
- Outstanding legal proceedings on the company
- Highly dependent on healthcare professional
- 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) | – | – |
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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