Maitreya Medicare IPO

Maitreya Medicare IPO

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Listing Details

  • Listing Exchange NSE SME
  • Listing Date 07-Nov-23
  • IPO Price Range ₹ 78 to ₹ 82
  • Listing Price ₹ 162.55
  • Listing Change 98.2%
  • Last Traded Price ₹ 182.85
  • Current Change 123.0%

Maitreya Medicare IPO Details

  • Open Date 27-Oct-23
  • Close Date 01-Nov-23
  • Lot Size 1600
  • IPO Size ₹ 14.89 Cr
  • IPO Price Range ₹ 78 to ₹ 82
  • Min Investment ₹ 124800
  • Listing Exchange NSE SME
  • Basis of Allotment 06-Nov-23
  • Refunds 07-Nov-23
  • Credit to Demat Account 08-Nov-23
  • Listing Date 09-Nov-23

Maitreya Medicare IPO Subscription Status

Date QIB NII Retail TOTAL
27-Oct-23 11.55 18.85 32.55 23.77
30-Oct-23 18.52 63.65 126.88 83.25
31-Oct-23 25.09 94.44 202.57 130.08
01-Nov-23 85.41 744.03 509.40 446.79

Maitreya Medicare IPO Synopsis

Maitreya Medicare Limited IPO is all set to open from 27th October to 1st November 2023. Maitreya Medicare is a multispeciality hospital based in Surat, Gujarat. The IPO includes a fresh issue of 1,816,000 shares worth ₹14.89 cr. The share allotment date is 6th November, and the IPO will be listed on 9th November on the stock exchanges. The price band is ₹78 to ₹82 per share and the lot size is 1600 shares.    

GYR Capital Advisors Private Limited is the book-running lead manager for this IPO, while Link Intime India Private Ltd is the registrar. 

Objectives of Maitreya Medicare IPO:

Maitreya Medicare plans to utilize the raised capital from the IPO to:

  • To invest via equity in the subsidiary called 'Maitreya Hospital Private Limited' located in Valsad, Gujarat.
  • To partially redeem the issued Non-Convertible Redeemable Preference Shares
  • For working capital requirements.
  • General corporate purposes.

About Maitreya Medicare

Established in 2019, Maitreya Medicare Limited is a multispeciality hospital based in Surat, Gujarat. The hospital's primary focus is to offer multi-disciplinary integrated healthcare services which include primary, secondary, and tertiary care. As of 2023, the hospital is equipped with a capacity of 125 beds.

Maitreya Medicare has 18+ areas of expertise for a range of healthcare specialities and super specialities. These include but are not limited to Cardiology, Urology, Laparoscopic Surgery, Oncology, Neurosurgery, Spine Surgery, Neurology, Nephrology with Dialysis services, Gastroenterology, Gastrointestinal surgery, Cardiothoracic Surgery, Oncosurgery, Orthopedic Surgery, covering joint replacements and Arthroscopic surgeries, Gynecology, High-Risk Obstetrics, Hepatocellular Biliary Surgery, and Critical Care Medicine, etc.

Peer Comparison

Shalby Limited
KMC Speciality Hospitals (India) Limited
Global Health Limited 

For More Information:
Webstory on Maitreya Medicare IPO
Maitreya Medicare IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 39.37 49.41 56.61
EBITDA 7.73 3.50 7.46
PAT 4.22 1.13 4.24
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 27.49 24.49 25.27
Share Capital 10.69 4.89 5.06
Total Borrowings 12.08 13.61 15.67
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 1.63 0.079 4.45
Net cash from / (used in) investing activities 0.31 -0.019 -5.06
Net cash flow from / (used in) financing activities -1.61 -1.86 2.16
Net increase (decrease) in cash and cash equivalents 0.34 -1.80 1.55


Maitreya Medicare IPO Key Points

  • Strengths

    1.    The company has the ability to attract and retain skilled and experienced healthcare professionals.
    2.    The company has an experienced and qualified professional management team with a focus on NABH guidelines. 
    3.    Doctor-led hospital, driven by skilled and experienced doctors in the healthcare space.
    4.    Focus on under-served areas with dense populations and presence in tier-2 and tier-3 cities.
     

  • Risks

    1.    The company may generate revenue from the arrangements with government-sponsored health schemes, any adverse change in these regulations/government policies related to such schemes may adversely affect the business.
    2.    Exposed to legal claims and regulatory actions arising from the provision of healthcare services.
    3.    Operations are geographically located in one area at present.
    4.    Dependent on certain fields of speciality for a substantial portion of the revenue, i.e. cardiology, neurology, Orthopedics and general medicine. 
    5.    The company operates in a highly competitive industry.
    6.    Higher working capital requirements. 
    7.    Negative cash flows in the past.
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Maitreya Medicare IPO FAQs

What is the minimum lot size and investment required for the Maitreya Medicare IPO?

The minimum lot size of Maitreya Medicare IPO is 1600 shares and the investment required is ₹1,24,800.

What is the price band of Maitreya Medicare IPO?

The price for Maitreya Medicare IPO is ₹78 to ₹82 per share. 

When does the Maitreya Medicare IPO opens and closes?

Maitreya Medicare IPO opens from 27th October to 1st November 2023.
 

What is the size of the Maitreya Medicare IPO?

The size of Maitreya Medicare IPO is ₹14.89 cr. 

What is the allotment date of the Maitreya Medicare IPO?

The share allotment date of Maitreya Medicare IPO is 6th November 2023.

What is the Maitreya Medicare IPO listing date?

The Maitreya Medicare IPO will be listed on 9th November 2023.

Who are the book runners for the Maitreya Medicare IPO?

GYR Capital Advisors Private Limited is the book-running lead manager for Maitreya Medicare IPO.

What is the objective of the Maitreya Medicare IPO?

Maitreya Medicare plans to utilize the raised capital from the IPO to:

To invest via equity in the subsidiary called 'Maitreya Hospital Private Limited' located in Valsad, Gujarat.
To partially redeem the issued Non-Convertible Redeemable Preference Shares
For working capital requirements.
General corporate purposes.
 

How to apply for the Maitreya Medicare IPO?

To apply for Maitreya Medicare IPO, follow the steps given below:

  • Login to your 5paisa account and select the issue in the current IPO section    
  • Enter the number of lots and the price at which you wish to apply for the Maitreya Medicare IPO.    
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
  • You will receive a mandate notification to block funds in your UPI app.


 

Contact Details of Maitreya Medicare IPO

Contact Information

Maitreya Medicare Limited

Nr. Someshwara Char Rasta
UM Road
Surat, 395007
Phone: +91 98798 89506
Email: cs@maitreyamedicareltd.com
Website: https://www.maitreyahospitals.com/

Maitreya Medicare IPO Register

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: maitreyamedicare.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html

Maitreya Medicare IPO Lead Manager

GYR Capital Advisors Private Limited