Maitreya Medicare IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 01, 2023Let’s have a detailed review of the company and analytics of the Maitreya Medicare IPO release date, IPO offer price, subscription, Maitreya Medicare Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 78 to Rs 82 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | November 9, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1489 Lakh |
| IPO Size | Rs 1489 Lakh |
| Tick Size | 1 |
Maitreya Medicare IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Maitreya Medicare Share Price |
Maitreya Medicare IPO – Summary
Maitreya Medicare Limited (MML) is a 125-bed, Multi Superspeciality hospital incorporated in the year 2019 based out in Surat, Gujarat. They provide multi-disciplinary integrated healthcare services, with a focus on primary secondary & tertiary care. They offer a comprehensive range of healthcare services across over 18 specialities and super specialities.
Also, they follow a ‘patient first’ ideology by creating a good infrastructure with a thrust on service delivery to all their stakeholders, be it patients, staff or doctors, technology and support.
The Promoter of this company is DR NARENDRA SINGH TANWAR, DR. PRANAV ROHITBHAI THAKER AND MR VIMALKUMAR NATVERLAL PATEL. The lead manager of the issue is GYR Capital Advisors Private Limited, and the Registrar of this issue is Link Intime India Private Limited.
Maitreya Medicare IPO Date
The opening and closing dates of Maitreya Medicare IPO are October 27, 2023, and November 1, 2023, respectively.
Maitreya Medicare IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 27th Oct | 11.55x | 18.85x | 32.55x | 23.77x |
| 2nd Day – 30th Oct | 18.52x | 63.65x | 126.88x | 83.25x |
| 3rd Day – 31st Oct | 25.09x | 94.45x | 203.13x | 130.37x |
| 4th Day – 1st Nov | 25.18x | 130.97x | 250.87x | 162.65x |
| Shares Offered or Net Issue | 329,600 | 272,000 | 611,200 | 1,816,000 |
The shares subscribed by the public will be updated here.
Maitreya Medicare IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Maitreya Medicare Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | November 6, 2023 |
| Refunds Initiation | November 7, 2023 |
| Credit of Shares to Demat Account | November 8, 2023 |
| Share Listing Date | November 9, 2023 |
Maitreya Medicare IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 78 to Rs 82
Maitreya Medicare IPO Equity Size
This Initial Public Issue of 1,816,000 Equity Shares of Rs.10 each for cash at a price of Rs 78 to Rs 82 per equity share aggregating to Rs.1489 Lakh.
Maitreya Medicare IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,816,000 Equity Shares of Rs.10/ each.
Issue Size: 1,816,000 Equity Shares of Rs.10 each, aggregating to Rs.1489 Lakh
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Maitreya Medicare IPO – Live Performance
The listing date of this IPO is November 9, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Maitreya Medicare Share Price |
Maitreya Medicare IPO Grey Market Premium
The Maitreya Medicare Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Maitreya Medicare IPO – Company Overview
They have grown from a 67-bed capacity in 2021 to 100-bed capacity in 2022 and now 125-bed capacity in 2023 under the leadership of Dr Narendra Singh Tanwar, their founder, Promoter, CFO and Managing Director, Dr Pranav Rohitbhai Thaker, their Promoter & Whole-Time director and Mr Vimal Patel their Promoter & Whole Time Director.
Also, they strive to provide quality service to more patients and they believe they have scope for additional patients and improved occupancy rates. They strategically focus on the southern Gujarat healthcare market where they have a strong understanding of regional nuances, customer culture and the mindset of medical professionals.
There is a growing need for quality and affordable healthcare services. Their hospital also has integrated diagnostic services and pharmacies that cater to their patients.
Maitreya Medicare IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | ||||
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 3,122.31 | 2,749.89 | 2,448.79 | 2,527.23 |
| *Total Revenue | 2,484.51 | 3,994.91 | 4,974.41 | 5,704.44 |
| Total Expense | 2123.00 | 3404.20 | 4814.90 | 5127.38 |
| Profit After Tax | 254.05 | 422.65 | 113.63 | 424.34 |
Earnings per Equity Share (in Lakhs)
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 5.12 | 7.93 | 1.71 | 8.06 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 422.65 Lakhs, Rs. 113.63 Lakhs and Rs. 424.34 Lakhs respectively.
Maitreya Medicare IPO – Promoters
The Promoter of this company is:
- DR NARENDRA SINGH TANWAR,
- DR. PRANAV ROHITBHAI THAKER
- MR VIMALKUMAR NATVERLAL PATEL
List of Related Parties (Key Managerial Personnel)
- Pranav Rohitbhai Thaker, Whole-time Director
- Vimalkumar Natverlal Patel, Whole-time Director
- Narendra Singh Tanwar, Managing Director, Chairman and CFO
- Abha Surana, Woman Director and Independent Director
Maitreya Medicare IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post-Issue Share Holding – 73.20%
Maitreya Medicare IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 1,816,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,08,800 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 17,07,200 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 6,11,200 Equity Shares |
| Other than Retail Individual Investors | Not more than 2,72,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 49,60,000 Equity Shares |
| Equity Shares outstanding after the Issue | 67,76,000 Equity Shares |
Maitreya Medicare IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- 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 – Business Strategy
- Strategically expand their footprint in South Gujarat
- Continue to recruit and retain skilled healthcare professionals
- Continue to improve the quality of care and invest in and employ the latest technology
Maitreya Medicare IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Key Multi-speciality tertiary and quaternary healthcare provider providing well-diversified and specialized service offerings and strong brand recognition
- Regional leadership through delivering clinical excellence and affordable healthcare in South Gujrat;
- Quality health care services;
- Experienced senior management team;
- Track Record of stable operating and financial performance and growth;
- Ability to attract, train and retain high-quality doctors, consultants and medical support staff;
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 7.93 | 45.49% | 17.42 |
| 31-Mar-22 | 1.71 | 18.02% | 4711.12 |
| Mar-21 | 8.06 | 103.45% | 3862.16 |
Maitreya Medicare IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Thousands) | |
| Maitreya Medicare Limited | 10 | [●] | 7.93 | 45.49% | 399491 |
| Listed Peers | |||||
| Shalby Limited | 10 | 35.35 | 7.48 | 7.30% | 72,73820 |
| KMC Speciality Hospitals (India) Limited | 1 | 51.53 | 1.64 | 23.51% | 13,82197 |
| Global Health Limited | 2 | 61.76 | 12.57 | 13.43% | 2,75,91631 |
Maitreya Medicare IPO Lead Managers
| Lead Managers |
| GYR Capital Advisors Private Limited 428, Gala Empire, Near JB Tower, Drive-in Road, Thaltej, Ahemdabad-380 054, Gujarat, India. Telephone: +91 8777564648 E-mail Iid: info@gyrcapitaladvisors.com Website: www.gyrcapitaladvisors.com Investor Grievance e-mail ID: investors@gyrcapitaladvisors.com Contact Person: Mohit Baid SEBIRegistrationNumber: INM000012810 CIN: U67200GJ2017PTC096908 |
Maitreya Medicare IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park, Lal Bhadur Shastri Marg, Vikhroli (West), Mumbai 400 083 Maharashtra, India Telephone: +91 810 811 4949 E-mail id: maitreyamedicare.ipo@linkintime.co.in Website: www.linkintime.co.in Investor Grievance E-mail ID: maitreyamedicare.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 CIN No: U67190MH1999PTC118368 |
Maitreya Medicare IPO – Other Details
- Statutory Auditor – M/s. Saherwala & Co., Chartered Accountants
- Legal Counsel to the Company – M/s. T&S Law
- Bankers to the Company – HDFC Bank Limited
Maitreya Medicare IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Maitreya Medicare Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Maitreya Medicare IPO Review FAQs
Check out various FAQs related to Maitreya Medicare IPO:
What is the Issue Size of Maitreya Medicare IPO?
The Company is making an initial public offer of 1,816,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Maitreya Medicare IPO?
The price band for this particular IPO ranges between Rs 78 to Rs 82. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Maitreya Medicare IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on October 27, 2023, while the closing date is set at November 1, 2023.
What is the Maitreya Medicare IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 6, 2023, refund initiation is on November 7, 2023, credit of shares is on November 8, 2023, and share listing date is on November 9, 2023.
What is the Maitreya Medicare IPO Listing Date?
Shares of this company shall be listed in the exchanges on November 9, 2023. The date, when the listing would be done, is stagnant on November 9, 2023.
Who is the Registrar of Maitreya Medicare IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Maitreya Medicare IPO?
Here are the promoters of this IPO – DR NARENDRA SINGH TANWAR, DR. PRANAV ROHITBHAI THAKER AND MR VIMALKUMAR NATVERLAL PATEL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Maitreya Medicare IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Maitreya Medicare IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Maitreya Medicare Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 422.65, 2022 is 113.63, and 2021 is 424.34. PAT from Sep 2023 is 254.05.
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