Maitreya Medicare Limited IPO Detail
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.
Company Promoters
Dr. Narendra Singh Tanwar, Dr. Pranav Rohitbhai Thaker, and Mr Vimalkumar Natverlal Patel.IPO Details
| IPO Opening Date | Oct 27, 2023 |
| IPO Closing Date | Nov 01, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹78 - 82 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹14.89 Cr |
| Fresh Issue | ₹14.89 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 11.55x | - | - | 18.81x | 31.90x | 23.44x |
| Day 2 | 18.52x | - | - | 63.32x | 125.54x | 82.50x |
| Day 3 | 25.09x | - | - | 94.41x | 202.35x | 129.97x |
| Day 4 | 85.41x | - | - | 744.03x | 509.40x | 446.79x |
IPO Tentative Timetable
The Maitreya Medicare Limited IPO open date is Oct 27, 2023, and the close date is Nov 01, 2023. The issue may list on Nov 09, 2023.
| IPO Open Date | Oct 27, 2023 |
| IPO Close Date | Nov 01, 2023 |
| Basis of Allotment Date | Nov 06, 2023 |
| Initiation of Refunds | Nov 07, 2023 |
| Credit of Shares to Demat Account | Nov 08, 2023 |
| IPO Listing Date | Nov 09, 2023 |
IPO Lot Size
The Maitreya Medicare Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹131200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹131200 |
| Maximum | 1 | 1600 | ₹131200 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.20% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2527.23 | 5704.44 | 424.34 |
| 31-Mar-22 | 2448.79 | 4974.41 | 113.63 |
| 31-Mar-23 | 2749.89 | 3994.91 | 422.65 |
Objects of the Issue:
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 IPO Registrar:
Link Intime India Private Ltd
Maitreya Medicare Limited IPO Lead Manager(s):
GYR Capital Advisors Private Limited
Company Contact Information:
Maitreya Medicare Limited
Nr. Someshwara Char Rasta
UM Road
Surat, 395007
