Maitreya Medicare IPO Details ( Maitreya Medicare Limited IPO Review )
(27 Oct 2023 – 1 Nov 2023)
Maitreya Medicare Limited was founded in 2019 and is a hospital located in Surat, Gujarat. The hospital’s main focus is to provide a wide range of healthcare services, including primary, secondary, and tertiary care, all under one roof. They offer services in more than 18 medical specialties, such as Cardiology, Urology, Laparoscopic Surgery, Oncology, Neurosurgery, Spine Surgery, Neurology, Nephrology with Dialysis, Gastroenterology, Gastrointestinal surgery, Cardiothoracic Surgery, Oncosurgery, Orthopedic Surgery with joint replacements and Arthroscopic surgeries, Gynecology, High-Risk Obstetrics, Hepatocellular Billary Surgery, and Critical Care Medicine.
As of 2023, the hospital has a capacity of 125 beds and is led by Dr. Narendra Singh Tanwar, who is the founder, Promoter, CFO, and Managing Director of the hospital. Dr. Pranav Rohitbhai Thaker and Mr. Vimal Patel also serve as Promoters and Whole Time Directors.
Maitreya Medicare Limited IPO Competitive Strength
- Ability to attract and retain skilled and experienced healthcare professionals
- Experienced and qualified professional management team with a focus on NABH guidelines
- ‘Doctor-led’ hospitals driven by skilled and experienced doctors in the healthcare space
- Focus on under-served areas with dense populations and presence in tier-2 and tier-3 cities
Maitreya Medicare IPO Financials Performance ( Results )
Maitreya Medicare Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 2,527.23 | 5,704.44 | 424.34 | 8.06 | 386.22 | 3862.16 | 919.05 | |
| 31-Mar-22 | 2,448.79 | 4,974.41 | 113.63 | 1.71 | 471.11 | 4711.12 | 750.25 | |
| 31-Mar-23 | 2,749.89 | 3,994.91 | 422.65 | 7.93 | 864.26 | 17.42 | 585.12 | |
| 30-Sep-23 | 3,122.31 | 2,484.51 | 254.05 | 5.12 | 1,118.31 | 22.55 | 520.21 |
Objective of Maitreya Medicare IPO 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 Basic Details
| IPO Date | Oct 27, 2023 to Nov 1, 2023 |
| Listing Date | Thursday, November 9, 2023 |
| Face Value | ₹10 per share |
| Price | ₹78 to ₹82 per share |
| Lot Size | 1600 Shares |
| Issue Size | 1,816,000 shares of ₹10 (aggregating up to ₹14.89 Cr) |
| Fresh Issue | 1,816,000 shares of ₹10 (aggregating up to ₹14.89 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,960,000 |
| Share holding post issue | 6,776,000 |
| Company Promoters | Dr. Narendra Singh Tanwar, Dr. Pranav Rohitbhai Thaker, and Mr Vimalkumar Natverlal Patel |
Maitreya Medicare IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Maitreya Medicare IPO Timetable
Maitreya Medicare IPO will open on October 27, 2023 and close on November 1, 2023. You can join Maitreya Medicare IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 27 October 2023 (Friday) |
| Closing Date | 1 November 2023 (Wednesday) |
| Basis of Allotment | 6 November 2023 (Monday) |
| Initiation of Refunds | 7 November 2023 (Tuesday) |
| Credit of Shares to Demat | 8 November 2023 (Wednesday) |
| Listing Date | 9 November 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 1 November 2023 |
Maitreya Medicare IPO Lot Size
For retail investors in Maitreya Medicare IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹131,200. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹131,200.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹131,200 |
| Retail (Max) | 1 | 1600 | ₹131,200 |
| S-HNI (Min) | 2 | 3200 | ₹262,400 |
Maitreya Medicare IPO Promoter Holding
The company’s promoters include Dr. Narendra Singh Tanwar, Dr. Pranav Rohitbhai Thaker, and Mr Vimalkumar Natverlal Patel.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.20% |
Maitreya Medicare Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 55.56 |
| Earning Per Share (EPS) | ₹7.93 per Equity Share |
| Net Asset Value (NAV) | ₹17.42 per Equity Share |
| P/E Ratio (P/E) (x) | 10.34 |
| Post P/E Ratio (P/E) (x) | 10.92 |
| Return on Net Worth (RoNW) (%) | 45.49 |
| Return on equity (ROE) (%) | 50.15 |
| Return on Capital Employed (ROCE) (%) | 42.71 |
| Debt/Equity Ratio | Coming Soon |
Maitreya Medicare Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | Book Value |
| Maitreya Medicare Limited | Consolidated | 82 | 10 | 7.93 | 10.92 | 45.49 | 17.42 |
| Peer Group | |||||||
| Shalby Limited | Consolidated | 264.45 | 10 | 7.48 | 35.35 | 7.30 | 86.44 |
| KMC Speciality Hospitals (India) Limited | Consolidated | 84.51 | 1 | 1.64 | 51.53 | 23.51 | 6.96 |
| Global Health Limited | Consolidated | 776.30 | 2 | 12.57 | 61.76 | 13.43 | 90.54 |
Maitreya Medicare IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 27 October 2023 | ₹0 | – | – |
| 26 October 2023 | ₹0 | – | – |
Maitreya Medicare IPO Detail Video:
link
Maitreya Medicare IPO Subscription Status (Bidding Detail)
The Maitreya Medicare IPO on October 31, 2023 at 7:00:00 PM was subscribed 446.79 times, with the retail category being subscribed 509.40 times, the NII (Non-Institutional Investor) category being subscribed 744.03 times, QIB (Qualified-Institutional Buyers) category being subscribed 85.41 times.
| Category | Subscription |
| QIB | 85.41x |
| NII | 744.03x |
| Retail | 509.40x |
| Total | 446.79x |
Maitreya Medicare IPO Prospectus
| Maitreya Medicare IPO DRHP | Download |
| Maitreya Medicare IPO RHP | Download |
| Maitreya Medicare IPO Anchor Investors Details PDF | Download |
Maitreya Medicare IPO Rating
| Our Rating | 2.5/5.0 |
Maitreya Medicare Company Contact Information
Maitreya Medicare Limited
Registered Office: Nr. Someshwara Char Rasta, UM Road, Surat, Gujarat-395007 India
Tel: +91 98798 89506
Website: www.maitreyahospitals.com
Contact Person: Ms. Payal Mathur, Company Secretary and Compliance Officer
E-mail id: cs@maitreyamedicareltd.com
Corporate Identity Number: U24290GJ2019PLC107298
Our Promoters: Dr Narendra Singh Tanwar, Dr. Pranav Rohitbhai Thaker and Mr Vimalkumar Natverlal Patel
Maitreya Medicare IPO Registrar
Link Intime India Private Limited
Registered Office: 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 Lead Manager
GYR Capital Advisors Private Limited
Registered Office: 428, Gala Empire, Near JB Tower, Drive in Road, Thaltej,
Ahemdabad-380 054, Gujarat, India.
Telephone: +91 8777564648
E-mail id: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Investor Grievance e-mail ID: investors@gyrcapitaladvisors.com
Contact Person: Mohit Baid
SEBI Registration Number: INM000012810
CIN: U67200GJ2017PTC096908
Maitreya Medicare IPO FAQs
What is the lot size of Maitreya Medicare IPO?
The total size of Maitreya Medicare IPO is ₹14.89 crores and this is a complete fresh Issue.
When will Maitreya Medicare IPO start?
Maitreya Medicare IPO will open from 27 October 2023 and IPO will close on 1 November 2023.
What is the open date of Maitreya Medicare IPO?
Maitreya Medicare IPO will open date from 27 October 2023.
What is the last date ( close date ) of Maitreya Medicare IPO?
Maitreya Medicare IPO will close from 1 November 2023.
What is the price band of Maitreya Medicare IPO?
Maitreya Medicare IPO price band is ₹78 to ₹82. ( Upper Price Band: ₹82, Lower Price Band: ₹78 )
What is the minimum amount required to apply for Maitreya Medicare IPO?
The minimum investment for retailers to apply for Maitreya Medicare IPO is ₹131,200 and the maximum investment is ₹131,200.
What is going on gray market premium of Maitreya Medicare IPO?
View gray market premium of Maitreya Medicare IPO by Clicking Here
How much is the GMP of Maitreya Medicare IPO?
Watch Maitreya Medicare IPO GMP Today: Click Here
What is the allotment date of Maitreya Medicare IPO?
The allotment date of Maitreya Medicare IPO is 6 November 2023.
How to check allotment status in Maitreya Medicare IPO?
To check the allotment status of Maitreya Medicare IPO, first of all go to the registrar website by clicking here, select your bad Maitreya Medicare IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Maitreya Medicare IPO?
The listing date of Maitreya Medicare IPO is 9 November 2023.
How much will be the listing gain in Maitreya Medicare IPO?
View listing gain of Maitreya Medicare IPO by Clicking Here
How much time Maitreya Medicare IPO is subscribed?
Total 446.79 times subscribed in Maitreya Medicare IPO out of which 509.40 times subscription was done in retail quota, 744.03 times subscription in NII quota and 85.41 times subscription in QIB quota.
How to apply for Maitreya Medicare IPO from Upstox?
Click Here to see how to apply for Maitreya Medicare IPO from Upstox. (step by step)
How to apply for Maitreya Medicare IPO from Zerodha?
Click Here to see how to apply for Maitreya Medicare IPO from Zerodha. (step by step)
How to apply for Maitreya Medicare IPO from Angle One?
Click Here to see how to apply for Maitreya Medicare IPO from Angle One. (step by step)
