Maitreya Medicare IPO will open for subscription from 27 October 2023. The company aims for an issue size of ₹14.89 Cr through this IPO.
Company Overview
| Full name | Maitreya Medicare Limited |
| Sector | Healthcare |
| Industry | Hospital & Healthcare Services |
| Company Website | https://www.maitreyahospitals.com/ |
About Company
Maitreya Medicare is a multi-super specialty hospital incorporated in 2019 based in Surat, Gujarat. It provides integrated healthcare services, with a focus on primary secondary & tertiary care. The company offers a comprehensive range of healthcare services across over 18 specialties and super specialties, including Cardiology, Urology, Oncology, Laparoscopic Surgery, Neurology, Neurosurgery, Spine Surgery, 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.
Maitreya Medicare Hospital boasts of one of its kind premier Cathlab, two Modular Superspeciality Operation Theatres with Laminar Air Flow and HEPA Filters, well-equipped 20 bedded Intensive Care Units with ECMO and CRRT, and excellent support services like Pathology and Radiology including CT scans. Maitreya Medicare has grown from a 67-bed capacity in 2021 to a 100-bed capacity in 2022 and now a 125-bed capacity in 2023.
The Objectives of the Issue
- Making investment through Equity in the subsidiary named ‘Maitreya Hospital Private Limited’ for setting up a Hospital at Valsad, Gujarat.
- Redemption of part of issued Non-Convertible Redeemable Preference Shares
- Working Capital requirements of the company
- General Corporate Purposes.
Maitreya Medicare IPO Timetable
| IPO Opening date | 27 October 2023 |
| IPO Closing | 01 November 2023 |
| Basis of Allotment | 06 November 2023 |
| Initiation Refund | 07 November 2023 |
| Credit to Demat Account | 08 November 2023 |
| Listing Date | 09 November 2023 |
Maitreya Medicare IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹14.89 Cr – 1,816,000 shares |
| Fresh Issue | ₹14.89 Cr – 1,816,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹78 to ₹82 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 108,800 shares |
| Shareholding pre-issue | 4,960,000 |
| Shareholding post-issue | 6,776,000 |
| Listing Exchange | NSE SME |
Maitreya Medicare IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹131,200 |
| Retail (Max) | 1 | 1600 | ₹131,200 |
| HNI (Min) | 2 | 3,200 | ₹262,400 |
Maitreya Medicare IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Maitreya Medicare Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2023 | |
| Revenue | 56.61 | 49.41 | 39.38 | 24.79 |
| Expenses | 51.27 | 48.15 | 34.04 | 21.23 |
| Net income | 4.24 | 1.14 | 4.23 | 2.54 |
Maitreya Medicare Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 8.06 | 1.71 | 7.93 |
| PE ratio | – | – | 9.84 – 10.34 |
| RONW (%) | 103.45 | 18.02 | 45.49 |
| NAV | 3,862.16 | 4,711.12 | 17.42 |
| ROCE (%) | 47.91 | 17.22 | 42.71 |
| EBITDA (%) | 13.18 | 7.09 | 19.64 |
| Debt/Equity | – | – | – |
Company Promoters
- Dr. Narendra Singh Tanwar
- Dr. Pranav Rohitbhai Thaker
- Mr Vimalkumar Natverlal Patel.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.20% |
Maitreya Medicare IPO Lead Manager(s)
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Maitreya Medicare Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400083, Maharashtra
Phone: +91 810 811 4949
E-mail: maitreyamedicare.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
MAITREYA MEDICARE LIMITED
Nr. Someshwara Char Rasta,
UM Road, Surat, Gujarat-395007 India
Phone: +91 98798 89506
E-mail: cs@maitreyamedicareltd.com
Website: www.maitreyahospitals.com
Maitreya Medicare IPO Allotment Status
Maitreya Medicare IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
Final thoughts
Maitreya Medicare IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
