Maitreya Medicare Ltd

Healthcare

Offer Period :

27th to 11th Nov 2023

Established in 2019, Maitreya Medicare Limited is a leading multispeciality hospital in Surat, Gujarat, emphasizing integrated healthcare services across 18 specialties. With a 125-bed capacity, the hospital, led by Dr. Narendra Singh Tanwar, Dr. Pranav Rohitbhai Thaker,. Read more... and Mr. Vimal Patel, provides comprehensive medical care, including cardiology, oncology, and orthopedics.Read less

Maitreya Medicare Ltd IPO Details

IPO Date 27th to 11th Nov 2023 Minimum Investment ₹131200 / 1 Lots
Listing Date 2023-11-07 Maximum Investment ₹131200 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹14.89 Crores
Price ₹82 to ₹82 per share Fresh Issue ₹14.89 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 27th to 11th Nov 2023
Listing Date 2023-11-07
Face Value ₹10 per share
Price ₹82 to ₹82 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹131200 / 1 Lots
Maximum Investment ₹131200 / 1 Lots
Total Issue Size ₹14.89 Crores
Fresh Issue ₹14.89 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

27th Oct

IPO Starts

1st Nov

IPO Ends

6th Nov

Allotment Date

7th Nov

Initiation of Refund

8th Nov

Credit of Shares to Demat Account

7th Nov

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.88 73.11
Public Group 0.12 26.89

Maitreya Medicare Ltd IPO Reservation

QIB Shares Offered 329600(18.15%)
NII (HNI) Shares Offered 272000(14.98%)
Retail Shares Offered 611200(33.66%)
Anchor Investor Shares Offered 494400(27.22%)
Total Shares Offered 1816000
Total Shares With Anchor Investor 1816000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Maitreya Medicare Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 810 811 4949
Email Id maitreyamedicare.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Maitreya Medicare Ltd IPO Lead Manager

1. GYR Capital Advisors Pvt Ltd

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Maitreya Medicare Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Maitreya Medicare Ltd

1. Key Multi-speciality tertiary and quaternary healthcare provider providing well diversified and specialized service offerings and strong brand recognition.

2. Regional leadership through delivering clinical excellance and affordable healthcare in South Gujrat.

3. Quality health care services.

4. Experienced senior management team.

5. Track Record of stable operating and financial performance and growth.

6. Ability to attract, train and retain high quality doctors, consultants and medical support staff.

Risks Involved

1. The Hospital is highly dependent on its doctors, nurses and other healthcare professionals, as well as other key personnel and the loss of, or inability to attract or retain, such persons could adversely affect its business and results of operations.

2. There are outstanding legal proceedings involving the Hospital which may adversely affect its business, financial condition and results of operations.

3. The Hospital is highly dependent on its healthcare professionals including doctors, nurses that the hospital engage on a consultancy basis. If such medical staff discontinue their association with it or are unable to provide their services at the hospitals for any reason or if the hospital are unable to attract or retain such consultants/full time doctors, and other healthcare professionals, its business, results of operations and cash flows may be materially and adversely affected.

4. The Hospital has in the past not complied with some statutory provisions of the Companies Act, 2013/1956, further; there have been some instances of delay and non-filing of various forms which were required to be filed under the provisions of the Act, rules and regulations made thereunder with the RoC.

5. The Hospital may generate revenue from the arrangements with government sponsored health schemes, any adverse change in these regulations/ government policies related to such schemes may adversely affect its business, results of operations, cash flows and prospects.

6. The Hospital is yet to apply for approvals and licenses for the proposed Valsad hospital in the subsidiary Hospital Maitreya Hospital Pvt Ltd and can be applied only after operations are commenced, so in case the Hospital is unable to obtain required applicable approvals and licenses on time it will effect the Hospital revenues, credibility and future plans.

7. The Hospital is exposed to legal claims and regulatory actions arising from the provision of healthcare services and may be subject to liabilities arising from claims of malpractice and medical negligence which could materially and adversely affect its reputation and prospects.

8. The Hospital operations are geographically located in one area at present and any localized social unrest, natural calamities, etc. could have material adverse effect on business and financial operations.

9. The Hospital is dependent on certain field of specialty for a substantial portion of its revenue, i.e. cardiology, neurology, Orthopedics and general medicine. Any material impact on the Hospital earnings from these fields will impact its financial condition and results of operations significantly.

10. Delay in receipt of payment from the Hospital patients/ customers may affect its cash flows, which may, in turn affect of the financial condition and results of operations.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 27.5 24.49 25.27
Total Liabilities 27.5 24.49 25.27
Total Expenses 34.04 48.15 51.27
Total Revenue 
39.95 49.74 57.04
Profit After Tax 4.23 1.14 4.24
EBITDA 7.8 3.7 7.67
Adjusted EBITDA 0 0 0

Maitreya Medicare Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-11-07 91877 MAITREYA
INE0PLQ01011
₹82 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹82 ₹82
Open ₹0 ₹162.55
Low ₹0 ₹154.45
High ₹0 ₹164
Low ₹0 ₹154.45

Frequently Asked Questions

What is Maitreya Medicare Ltd IPO?

Answer Field

Maitreya Medicare Ltd IPO is a SME IPO of 18,16,000 equity shares of a face value of ₹10 aggregating up to ₹14.89 Crores. The issue is priced at ₹82 to ₹82 per share. The minimum order quantity is 1600 Shares. The IPO opens on October 27, 2023, and closes on November 01, 2023. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Maitreya Medicare Ltd IPO will open?

Answer Field

The Maitreya Medicare Ltd IPO opens on October 27, 2023 and closes on November 01, 2023.

What is the lot size of Maitreya Medicare Ltd?

Answer Field

Maitreya Medicare Ltd lot size is 1600 shares, and the minimum amount required is ₹1,31,200.

How to apply for Maitreya Medicare Ltd IPO?

Answer Field

You can apply in Maitreya Medicare Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Maitreya Medicare Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Maitreya Medicare Ltd IPO will be done on November 06, 2023, and the allotted shares will be credited to your demat account by November 08, 2023.

When is Maitreya Medicare Ltd IPO listing date?

Answer Field

The Maitreya Medicare Ltd listing date is November 07, 2023.

Who is the registrar of Maitreya Medicare Ltd IPO?

Answer Field

The registrar of Maitreya Medicare Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

GYR Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Maitreya Medicare Ltd IPO?

Answer Field

The fresh issue size is ₹14.89 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Maitreya Medicare Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,31,200 amount.

How can I approve the UPI mandate request for Maitreya Medicare Ltd IPO?

Answer Field

To apply for Maitreya Medicare Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Maitreya Medicare Ltd?

Answer Field

The price of each Maitreya Medicare Ltd share will be ranging in between ₹82 to ₹82 per share.

What is the cut-off time for the UPI mandate for Maitreya Medicare Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, November 01, 2023.

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