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Maitreya Medicare IPO is a book build issue of ₹14.89 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹14.89 crore.
Maitreya Medicare IPO bidding started from Oct 27, 2023 and ended on Nov 1, 2023. The allotment for Maitreya Medicare IPO was finalized on Nov 6, 2023. The shares got listed on NSE SME on Nov 7, 2023.
Maitreya Medicare IPO price band is set at ₹82.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,24,800 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,62,400.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Maitreya Medicare IPO RHP for detailed Information.
| IPO Date | October 27, 2023 to November 1, 2023 |
| Listing Date | November 7, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹78 to ₹82 per share |
| Issue Price Final | ₹82 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,16,000 shares (aggregating up to ₹14.89 Cr) |
| Reserved for Market Maker | 1,08,800 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹0.8922 Cr) |
| Net Offered to Public | 17,07,200 shares (aggregating up to ₹14.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 49,60,000 shares |
| Share Holding Post Issue | 67,76,000 shares |
Maitreya Medicare Limited IPO offers total 18,16,000 shares. Out of which 8,24,000 (45.37%) allocated to QIB, 3,29,600 (18.15%) allocated to QIB, 2,72,000 (14.98%) allocated to NII, 6,11,200 (33.66%) allocated to RII and 4,94,400 (27.22%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,08,800 (5.99%) |
| QIB Shares Offered | 8,24,000 (45.37%) |
| − Anchor Investor Shares Offered | 4,94,400 (27.22%) |
| − QIB (Ex. Anchor) Shares Offered | 3,29,600 (18.15%) |
| NII (HNI) Shares Offered | 2,72,000 (14.98%) |
| Retail Shares Offered | 6,11,200 (33.66%) |
| Total Shares Offered | 18,16,000 (100.00%) |
Maitreya Medicare IPO raises ₹4.05 crore from anchor investors. Maitreya Medicare IPO Anchor bid date is October 26, 2023. Maitreya Medicare IPO Anchor Investors list
| Bid Date | October 26, 2023 |
| Shares Offered | 4,94,400 |
| Anchor Portion Size (In Cr.) | 4.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 6, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 4, 2024 |
Maitreya Medicare IPO opens on October 27, 2023, and closes on November 1, 2023.
| IPO Open Date | Fri, Oct 27, 2023 |
| IPO Close Date | Wed, Nov 1, 2023 |
| Tentative Allotment | Mon, Nov 6, 2023 |
| Initiation of Refunds | Tue, Nov 7, 2023 |
| Credit of Shares to Demat | Tue, Nov 7, 2023 |
| Tentative Listing Date | Tue, Nov 7, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 1, 2023 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,31,200 |
| Retail (Max) | 1 | 1,600 | ₹1,31,200 |
| HNI (Min) | 2 | 3,200 | ₹2,62,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Maitreya Medicare Limited's revenue decreased by -19.69% and profit after tax (PAT) rose by 271.95% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,122.31 | 2,749.89 | 2,448.79 | 2,527.23 |
| Total Income | 2,484.51 | 3,994.91 | 4,974.41 | 5,704.44 |
| Profit After Tax | 254.05 | 422.65 | 113.63 | 424.34 |
| Net Worth | 1,118.31 | 864.26 | 471.11 | 386.22 |
| Reserves and Surplus | ||||
| Total Borrowing | 520.21 | 585.12 | 750.25 | 919.05 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Maitreya Medicare IPO is ₹55.56 Cr.
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.
[Dilip Davda] The company is operating 125 bed hospitals with multi-speciality healthcare services. It posted declining trends in its top lines, but surprisingly reported improved bottom lines from FY23 onward i.e. in a pre-IPO period. The issue appears fully priced based on its recent financial performance which discounts all near term positives. The small post-IPO equity capital indicates longer gestation for migration to mainboard. Well-informed investors may park funds for medium to long-term rewards. Read detail review...
| Listing Date | November 7, 2023 |
| BSE Script Code | |
| NSE Symbol | MAITREYA |
| ISIN | INE0PLQ01011 |
| Final Issue Price | ₹82 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹82.00 |
| Open | ₹162.55 |
| Low | ₹154.45 |
| High | ₹164.00 |
| Last Trade | ₹154.45 |
Maitreya Medicare Ltd.
Nr. Someshwara Char Rasta
UM Road
Surat, Gujarat, 395007
Phone: +91 98798 89506
Email: cs@maitreyamedicareltd.com
Website: https://www.maitreyahospitals.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: maitreyamedicare.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Maitreya Medicare IPO is a SME IPO of 18,16,000 equity shares of the face value of ₹10 aggregating up to ₹14.89 Crores. The issue is priced at ₹82 per share. The minimum order quantity is 1600.
The IPO opens on October 27, 2023, and closes on November 1, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Maitreya Medicare IPO using UPI as a payment gateway. Zerodha customers can apply in Maitreya Medicare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Maitreya Medicare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Maitreya Medicare IPO opens on October 27, 2023 and closes on November 1, 2023.
Maitreya Medicare IPO lot size is 1600, and the minimum amount required for application is ₹1,31,200.
You can apply in Maitreya Medicare IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Maitreya Medicare IPO will be done on Monday, November 6, 2023, and the allotted shares will be credited to your demat account by Tuesday, November 7, 2023. Check the Maitreya Medicare IPO allotment status.
The Maitreya Medicare IPO listing date is on Tuesday, November 7, 2023.
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