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Maitreya Medicare Limited IPO Detail

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 DateOct 27, 2023
IPO Closing DateNov 01, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹78 - 82 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE SME
Issue Size₹14.89 Cr
Fresh Issue₹14.89 Cr
Offer for Sale-
Retail Portion 35%

IPO Subscription (Bidding Detail)

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 DateOct 27, 2023
IPO Close DateNov 01, 2023
Basis of Allotment DateNov 06, 2023
Initiation of RefundsNov 07, 2023
Credit of Shares to Demat AccountNov 08, 2023
IPO Listing DateNov 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.20%

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