Maitreya Medicare, incorporated on March 28, 2019, is a 125-bed, multi-specialty hospital located in Surat, Gujarat. It offers multi-disciplinary integrated healthcare services, with a focus on primary, secondary, and tertiary care.
| Bidding Dates |
|---|
| 27 Oct 2023 - 01 Nov 2023 |
| Subscription |
|---|
| 410.09x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,31,200 | 1 | 1 | 1600 | 1.8 M | ₹78 - ₹82 | 73.2 % | ₹141.6 M - ₹148.9 M | RHP DOC |
Maitreya Medicare IPO SUBSCRIPTION STATUS
01 Nov '23Maitreya Medicare IPO overall subscription rate was 410.09 times the total available shares
Maitreya Medicare IPO retail subscription rate was 673.09 times in the retail segment
Maitreya Medicare IPO non-institutional investor subscription rate was 1021.41 times in the non-institutional investor category
Maitreya Medicare IPO Qualified Institutional Bidder subscription rate was 42.6 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
01 Nov 2023 (Day 4) | 673.09x | 1021.41x | 42.6x |
31 Oct 2023 (Day 3) | 266.02x | 129.93x | 12.51x |
30 Oct 2023 (Day 2) | 164.8x | 87.29x | 9.24x |
27 Oct 2023 (Day 1) | 41.87x | 25.76x | 5.76x |
Maitreya Medicare FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 25.4 | 247.9 | 4.6 | 4.2 | 18.1% |
| FY23 | 42.3 | 393.8 | 16.4 | 22.1 | 19.6% |
| FY22 | 11.4 | 494.1 | 0.8 | -8.1 | 7.1% |
| FY21 | 42.4 | 566.1 | 44.5 | -11.7 | 13.2% |
Maitreya Medicare IPO SUBSCRIPTION STATUS DETAILS
Maitreya Medicare had 1.8 M shares on offer
Maitreya Medicare IPO offer price was in the range ₹78 - ₹82
Maitreya Medicare IPO minimum Investment was ₹131200
Maitreya Medicare IPO issue size was ₹ 141.6 M - ₹ 148.9 M
Maitreya Medicare had a minimum lot size of 1600 Shares per application
Maitreya Medicare NUMBER OF SHARES ON OFFER
Maitreya Medicare IPO IMPORTANT DATES
| Issue Open Date | 27 Oct 2023 |
| Issue close Date | 01 Nov 2023 |
| Allotment Date | 02 Nov 2023 |
| Refund Date | 03 Nov 2023 |
| Demat Account Credit Date | 06 Nov 2023 |
| Listing Date | 07 Nov 2023 |
| Listing on Exchange(s) | NSE |
| Maitreya Medicare Allotment Status | Exchange |
Maitreya Medicare IPO subscription opened on 27 Oct 2023, and closed on 01 Nov 2023
IPO allotment for Maitreya Medicare was finalized on Thursday, 02 Nov 2023
IPO listing for Maitreya Medicare was on NSE on Tuesday, 07 Nov 2023
Maitreya Medicare IPO LISTING GAINS
| Issue Price (adjusted) | 82.0 |
| Listing Open Price | 162.6 |
| Listing Close Price | 154.4 |
| Listing Gain% | 98.2% |
| Current Gain% | 51.6% |
Maitreya Medicare Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Maitreya Medicare Ltd. | 124.3 | 84.2 | -34.2 | 0.1 | 1.8 | -8.5 | -3.6 | 45.8 | -3 | -2.5 | -231.7 | -3.6 | -231.7 |
| Apollo Hospitals Enterprise Ltd. | 8945 | 128615.4 | 66.2 | 1.9 | 5.1 | 20.5 | 8.7 | 25420.1 | 15.6 | 1941.7 | 34.3 | 135 | 34.3 |
| Max Healthcare Institute Ltd. | 1070 | 104140.3 | 72.2 | 2.1 | 12.4 | 13.4 | 8.4 | 8536.1 | 18.8 | 1442.4 | 34.1 | 14.8 | 34.1 |
| Manipal Health Enterprises Ltd. | 678 | 89176 | 10.6 | 3.6 | 10520.5 | 25.8 | 892.3 | -16.2 | |||||
| Fortis Healthcare Ltd. | 955.2 | 72109.8 | 68.8 | 3.3 | 7.6 | 10.5 | 6.5 | 9178.5 | 16.9 | 1041.8 | 34.6 | 13.9 | 20.7 |
| Aster DM Quality Care Ltd. | 869.7 | 45061 | 141.4 | 882.1 | 9.2 | 8.5 | 4.8 | 4768.8 | 11.2 | 388.1 | -92.8 | 6.2 | 0.2 |
Maitreya Medicare INFORMATION ON IPO ISSUE
About Maitreya Medicare
Maitreya Medicare, incorporated on March 28, 2019, is a 125-bed, multi-specialty hospital located in Surat, Gujarat. It offers multi-disciplinary integrated healthcare services, with a focus on primary, secondary, and tertiary care.
Object of the Issue
- Making an investment through equity in the subsidiary named 'Maitreya Hospital Private Limited' for setting up a hospital in Valsad, Gujarat.
- Redemption of part of the issued non-convertible redeemable preference shares.
- Meeting the working capital requirements of the company.
- General corporate purposes.
Maitreya Medicare - PROMOTERS
| Name |
|---|
| Narendra Singh Tanwar |
| Pranav Rohitbhai Thaker |
| Vimalkumar Natverlal Patel |
Maitreya Medicare Lead Manager of the Issue
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Maitreya Medicare Registrar to the Issue
Link Intime India Private Limited
maitreyamedicare.ipo@linkintime.co.in
Maitreya Medicare Strengths
Doctor-led hospitals
The company is a doctor-led hospital chain driven by skilled and experienced doctors in the healthcare space, and it has an upper edge in terms of meeting the professional expectations of doctors to satisfy their patients
Focus on under-served areas
The company focuses on under-served areas with dense populations and has a presence in tier-2 and tier-3 cities, thus gaining a higher market share
Maitreya Medicare Risks
Outstanding legal proceedings
There are outstanding legal proceedings involving the company that may adversely affect the business, financial condition, and results of operations
Geographically concentrated
The company's operations are currently geographically concentrated in one area, and any localized social unrest, natural calamities, etc., could have a material adverse effect on the business
IPO FAQs
The promoters of the company are Narendra Singh Tanwar, Pranav Rohitbhai Thaker and Vimalkumar Natverlal Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 78.0 - 82.0.
The IPO application opens on Oct 27, 2023 and closes on Nov 01, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 131,200.0, the maximum value for this IPO is Rs 131,200.0.
This IPO will be allotted on Nov 02, 2023.
The refund will be credited to your account on Nov 03, 2023.
The allotted shares will be credited to your demat on Nov 06, 2023.
Maitreya Medicare Ltd.’s shares listed on the stock exchanges on Nov 07, 2023.