Maitreya IPO GMP: Understanding Maitreya Medicare Limited IPO GMP

Investing in the stock market can be a complex endeavor, and understanding the dynamics of Initial Public Offerings (IPOs) is crucial. Maitreya Medicare Limited is set to launch its SME IPO on the NSE Emerge, and investors are keen to assess the Grey Market Premium (GMP) associated with this IPO. This blog aims to provide insights into Maitreya Medicare Limited’s IPO GMP, its significance, and other relevant details to help investors make informed decisions.

Maitreya IPO Details

Maitreya Medicare Limited’s IPO is an SME IPO, characterized by a 100% fresh issue. The subscription period for this IPO is from October 27, 2023, to November 1, 2023. The face value of each share is Rs 10, and the issue price band ranges from Rs 78 to Rs 82 per share. To apply for this SME IPO, investors must purchase at least one lot size, which consists of 1600 shares or its multiples.

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See Also: All IPO GMP Price

Maitreya Medicare Limited IPO GMP

As of November 07, 2023, the GMP for Maitreya Medicare Limited’s SME IPO stands at ₹75. This implies that there is strong investor interest in this IPO. With an issue price of ₹82.00, the estimated listing price is ₹157. This indicates an expected gain of 91.46% per share on the listing day.

[Last Updated: 0-Nov-2023; 09:50] Let’s take a closer look at Maitreya Medicare Limited’s IPO GMP:

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
07-11-2023₹82₹7591200157 (91.46%)
06-11-2023₹82₹7591200157 (91.46%)
05-11-2023₹82₹7591200157 (91.46%)
04-11-2023₹82₹7591200157 (91.46%)
03-11-2023₹82₹7591200157 (91.46%)
02-11-2023₹82₹7591200157 (91.46%)
01-11-2023₹82₹7591200157 (91.46%)
31-10-2023₹82₹7085100152 (85.37%)
30-10-2023₹82₹5769300139 (69.51%)
29-10-2023₹82₹6073000₹142 (73.17%
28-10-2023₹82₹5769300₹139 (69.51%)
27-10-2023₹82₹5566900₹137 (67.07%)
26-10-2023₹82₹5566900₹137 (67.07%)
25-10-2023₹82₹5060800₹132 (60.98%)
24-10-2023₹82₹4554700₹127 (54.88%)
23-10-2023₹82₹4251100₹124 (51.22%)
22-10-2023₹82₹4251100₹124 (51.22%)
21-10-2023₹82₹3542600₹117 (42.68%)
20-10-2023NA₹3036500₹30 (%)

The Grey Market Premium (GMP) is a key metric in the IPO market. It represents the price at which an IPO is traded in an unofficial, unregulated grey market before its official listing. The GMP offers insight into how a particular company’s IPO might perform on the listing day. A positive GMP suggests that the IPO is likely to debut at a premium, while a negative GMP indicates that the IPO might list at a discount.

See Also: Upcoming IPO in This Month

Maitreya IPO Timeline

Here are the important dates for Maitreya Medicare Limited’s SME IPO:

  • SME IPO Open Date: 27-10-2023
  • SME IPO Close Date: 01-11-2023
  • Basis of Allotment Finalisation Date: 06-11-2023
  • Refunds Initiation: 07-11-2023
  • Credit of Shares to Demat Account: 08-11-2023
  • SME IPO Listing Date: 09-11-2023

About Maitreya Medicare Limited

Maitreya Medicare Limited, established in March 2019, offers multidisciplinary integrated healthcare services with a focus on primary, secondary, and tertiary care. The company provides a wide range of healthcare services in over 18 specialties and super specialties, including cardiology, urology, oncology, laparoscopic surgery, neurology, and more. Their strategic focus on the healthcare market in southern Gujarat is based on a deep understanding of regional characteristics and the need for quality and affordable healthcare services.

The company’s commitment to putting patients first is reflected in its infrastructure and patient-centric approach. Maitreya Medicare Limited offers integrated diagnostic services and pharmacies to cater to patient needs, emphasizing patient well-being as the central goal.

Conclusion

Maitreya Medicare Limited’s SME IPO has generated substantial interest in the grey market, with a GMP of ₹42 as of October 24, 2023. While the GMP can be a valuable indicator, it’s important to remember that it is subject to extreme volatility and should not be the sole basis for investment decisions. Prospective investors should conduct comprehensive research, assess the company’s fundamentals, and consider their own investment objectives before making any decisions.

Investing in IPOs carries risks, but with careful evaluation and a clear understanding of the company’s profile and market dynamics, investors can make informed choices. Keep an eye on the IPO timeline, as this will provide you with a clear schedule for the various stages of the IPO process.

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