Maitreya Medicare Limited IPO: Dates, Issue Size, lot Size, Price Band, Minimum Investment

Maitreya Medicare Limited, a multi-specialty hospital based in Surat, Gujarat, is all set to go public with its Initial Public Offering (IPO). This fresh issue of 18.16 lakh shares aims to raise Rs 14.89 crores, and it has garnered considerable attention from investors. In this blog, we will delve into the details of the Maitreya Medicare Limited IPO, including important dates, price band, reservation, company background, and the objectives behind this IPO.

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Maitreya Medicare Limited IPO Details

Let’s begin by outlining some key details of this IPO:

IPO NameMaitreya Medicare
IPO DateOctober 27, 2023, to November 1, 2023
Listing DateNovember 9, 2023
Face Value₹10 per share
Price Band₹78 to ₹82 per share
Lot Size1600 Shares
Total Issue Size1,816,000 shares (aggregating up to ₹14.89 Cr)
Fresh Issue1,816,000 shares (aggregating up to ₹14.89 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Shareholding pre-issue4,960,000
Shareholding post-issue6,776,000
Market Maker portion108,800 shares

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Maitreya Medicare Limited IPO Reservation

The allocation of shares in the Maitreya Medicare Limited IPO is reserved as follows:

  • QIB Shares Offered: Not more than 50% of the Net Issue
  • Retail Shares Offered: Not less than 35% of the Net Issue
  • NII (HNI) Shares Offered: Not less than 15% of the Net Issue

Maitreya Medicare IPO Lot Size

The minimum lot size for this IPO is 1600 shares. Investors can apply for a minimum of one lot, which amounts to ₹131,200 for retail investors. High Net Worth Individuals (HNI) can apply for a minimum of two lots, totaling 3,200 shares and ₹262,400.

ApplicationLotsSharesAmount
Retail (Min)11600₹131,200
Retail (Max)11600₹131,200
HNI (Min)23,200₹262,400

See Also: IPO Subscription Status

Maitreya Medicare Limited IPO Anchor Investors Details

Prior to the IPO, Maitreya Medicare Limited secured Rs 4.05 crore from anchor investors. The anchor bid date was October 26, 2023. The anchor investors have a lock-in period of 30 days for 50% of their shares, ending on December 20, 2023, and 90 days for the remaining shares, ending on March 14, 2024.

Maitreya Medicare IPO Financial Information

Maitreya Medicare Limited experienced a significant decline in revenue, with a decrease of -19.69%, while its profit after tax (PAT) witnessed a remarkable increase of 271.95% when comparing the financial years ending on March 31, 2023, and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,122.312,749.892,448.792,527.23
Revenue2,484.513,994.914,974.415,704.44
Profit After Tax254.05422.65113.63424.34
Net Worth1,118.31864.26471.11386.22
Total Borrowing520.21585.12750.25919.05
Amount in ₹ Lakhs

Maitreya IPO Financials Chart:

About Maitreya Medicare Limited

Founded in 2019, Maitreya Medicare Limited is a multi-specialty hospital located in Surat, Gujarat. The hospital’s primary focus is on multi-disciplinary integrated healthcare services, providing primary, secondary, and tertiary care. With over 18 specialties and super-specialties, Maitreya Medicare offers a wide range of healthcare services, including Cardiology, Urology, Laparoscopic Surgery, Oncology, Neurosurgery, Spine Surgery, Neurology, Nephrology, Gastroenterology, Gastrointestinal surgery, and more.

Under the leadership of Dr. Narendra Singh Tanwar, Dr. Pranav Rohitbhai Thaker, and Mr. Vimal Patel, the hospital has a 125-bed capacity as of 2023. Dr. Narendra Singh Tanwar serves as the founder, promoter, CFO, and Managing Director of the hospital.

Maitreya IPO Objectives

The funds raised through the IPO will be used for several purposes, including:

  1. Investment in Subsidiary: Making equity investments in the subsidiary named ‘Maitreya Hospital Private Limited’ for setting up a hospital in Valsad, Gujarat.
  2. Redemption of Preference Shares: Redemption of part of issued Non-Convertible Redeemable Preference Shares.
  3. Working Capital: Meeting the working capital requirements of the company.
  4. General Corporate Purposes: Utilizing funds for general corporate purposes.

Maitreya Medicare IPO Registrar

The registrar for the Maitreya Medicare Limited IPO is Link Intime India Private Ltd. You can contact them via phone at +91-22-4918 6270, email at [email protected], and visit their website at Link Intime IPO Allotment.

Maitreya Medicare Limited IPO Lead Manager

GYR Capital Advisors Private Limited is the lead manager for the Maitreya Medicare Limited IPO.

In conclusion, the Maitreya Medicare Limited IPO presents an opportunity for investors to be part of a growing healthcare venture with a focus on comprehensive medical services. With its strong leadership and clear objectives, the IPO is poised to make a mark in the healthcare industry. Please consult with your financial advisor and thoroughly review the prospectus before considering an investment in this IPO.

Maitreya IPO

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