Maitreya Medicare IPO

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 nameMaitreya Medicare Limited
IndustryHospital & Healthcare Services
Company Website

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 date27 October 2023
IPO Closing01 November 2023
Basis of Allotment06 November 2023
Initiation Refund07 November 2023
Credit to Demat Account08 November 2023
Listing Date09 November 2023
(Cut-off time for UPI mandate confirmation – 5 PM on November 1, 2023)

Maitreya Medicare IPO details

Issue typeBook Built Issue IPO
IPO issue size₹14.89 Cr – 1,816,000 shares
Fresh Issue₹14.89 Cr – 1,816,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹78 to ₹82 per share
Lot size1600 Shares
Market Maker portion108,800 shares
Shareholding pre-issue4,960,000
Shareholding post-issue6,776,000
Listing ExchangeNSE SME

Maitreya Medicare IPO Lot Size

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

Maitreya Medicare IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Maitreya Medicare Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2023
Net income4.
(Amount in ₹ Crores)

Maitreya Medicare Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio9.84 – 10.34
RONW (%)103.4518.0245.49
ROCE (%)47.9117.2242.71
EBITDA (%)13.187.0919.64

Company Promoters

  • Dr. Narendra Singh Tanwar
  • Dr. Pranav Rohitbhai Thaker
  • Mr Vimalkumar Natverlal Patel.

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.20%

Maitreya Medicare IPO Lead Manager(s)

428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648

Maitreya Medicare Registrar

C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400083, Maharashtra
Phone: +91 810 811 4949

Contact Details

Nr. Someshwara Char Rasta,
UM Road, Surat, Gujarat-395007 India
Phone: +91 98798 89506

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

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