Bookbuilding IPO | ₹15 Cr | Listed at NSE SME | Fri, Oct 27, 2023 - Wed, Nov 1, 2023
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,31,200 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Oct 27, 2023
IPO Close
Wed, Nov 1, 2023
Issue Price
₹82 per share
Market Cap (Pre-IPO)
₹55.56 Cr
| IPO Date | 27 Oct to 1 Nov, 2023 |
| Listed on | Tue, Nov 7, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹78 to ₹82 |
| Issue Price | ₹82 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 18,16,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 1,08,800 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹0.8922 Cr) |
| Fresh Issue (Ex Market Maker) | 17,07,200 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 17,07,200 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 49,60,000 shares |
| Share Holding Post Issue | 67,76,000 shares |
| NSE Symbol | MAITREYA |
| ISIN | INE0PLQ01011 |
Maitreya Medicare IPO comprises a total issue size of 18,16,000 shares. The net offer to the public is 17,07,200 shares, after excluding 1,08,800 shares allotted on a firm basis. Of the Net offer 8,24,000 (48.27%) are allocated to QIB, 2,72,000 (15.93%) allocated to NII 6,11,200 (35.80%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 8,24,000 | 48.27% | 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 | 15.93% | 14.98% |
| Retail Shares Offered | 6,11,200 | 35.80% | 33.66% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,08,800 | 5.99% | |
| Total Shares Offered | 18,16,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Maitreya Medicare IPO raises ₹4.05 crore from anchor investors. Maitreya Medicare IPO Anchor bid date is October 26, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Oct 26, 2023 |
| Shares Offered | 4,94,400 |
| Anchor Portion (₹ Cr.) | 4.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Dec 6, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Feb 4, 2024 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 31.22 | 27.50 | 24.49 | 25.27 |
| Total Income | 24.85 | 39.95 | 49.74 | 57.04 |
| Profit After Tax | 2.54 | 4.23 | 1.14 | 4.24 |
| NET Worth | 11.18 | 8.64 | 4.71 | 3.86 |
| Total Borrowing | 5.20 | 5.85 | 7.50 | 9.19 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Making investment through Equity in the subsidiary named ‘Maitreya Hospital Private Limited’ for setting up Hospital at Valsad, Gujarat. | 7.50 |
| 2 | Redemption of part of issued Non-Convertible Redeemable Preference Shares | 1.00 |
| 3 | Funding the working capital requirements of the company | 5.00 |
| 4 | General Corporate Purposes | 0.74 |
| KPI | |
|---|---|
| ROE | 50.15% |
| ROCE | 42.71% |
| RoNW | 45.49% |
| PAT Margin | 14.80% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.93 | |
| P/E (x) | 10.34 | 10.92 |
| Promoter Holding | 100% | 73.20% |
| Market Cap | ₹55.56 Cr. |
The Maitreya Medicare Limited IPO is subscribed 446.79 times on November 1, 2023 7:29:00 PM (Day 4). The public issue subscribed 509.4 times in the retail category, 85.41 times in the QIB category, and 744.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 85.41 | 3,29,600 | 2,81,52,000 |
| NII* | 744.03 | 2,72,000 | 20,23,76,000 |
| Retail | 509.4 | 6,11,200 | 31,13,42,400 |
| Total | 446.79 | 12,12,800 | 54,18,70,400 |
Total Application : 1,94,589
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission), Fee payable to auditors, consultants and market research firms Others (i) Listing fees, NSE processing fees, book building software fees and other regulatory expenses; (ii) Printing and distribution of stationery; (iii) Fees payable to legal counsel; and (iv) Miscellaneous. Fees Payable to Market Maker | 0.35 |
| 2 | Advertising and marketing expenses | 0.25 |
| 3 | Printing & Stationery, Distribution, Postage, etc | 0.02 |
| 4 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer and fee payable to the Sponsor Bank for Bids made by RIBs. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDP | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹82.00 |
| Open | ₹162.55 |
| Low | ₹154.45 |
| High | ₹164.00 |
| Last Trade | ₹154.45 |
Lead Manager Reports
Maitreya Medicare IPO is a SME IPO of 18,16,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹82 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Oct 27, 2023, and closes on Wed, Nov 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 Fri, Oct 27, 2023 and closes on Wed, Nov 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 Tue, Nov 7, 2023. Check the Maitreya Medicare IPO allotment status.
The Maitreya Medicare IPO listing date is on Tue, Nov 7, 2023.
