IPO Details

Bidding Dates

26 Oct '23 - 31 Oct '23

Minimum Investment

₹131,200 / 1 Lots ( 1600 Shares )

Price Range

₹78 to ₹82

Maximum Investment

₹131,200 / 1 Lots ( 1600 Shares )

Retail Discount

Not Applicable

Issue Size

₹14.89 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Buyers  |   Retail Investors   |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Oct 26, 2023

IPO Closing Date

Oct 31, 2023

Basis of Allotment

Nov 5, 2023

Initiation of Refunds

Nov 6, 2023

Credit of Shares to Demat Account

Nov 7, 2023

IPO Listing Date

Nov 8, 2023

UPI Mandatory Expiry Date

Oct 31, 2023

Maitreya Medicare Ltd. IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Oct 26, 2023

11.55x 18.85x 32.55x 23.77x

Day 2Oct 29, 2023

18.52x 63.65x 126.88x 83.25x

Day 3Oct 30, 2023

25.09x 94.45x 203.13x 130.37x

Day 4Oct 31, 2023

85.41x 744.03x 509.40x 446.79x

Maitreya Medicare Ltd. IPO Subscription Live Status

Investor Category Subscription (Times)
Qualified Institutions Buyers 85.41
Non-Institutional Buyers 744.03
Retail Investors 509.40
Total 446.79

About Maitreya Medicare Limited

Incorporated in 2019, Maitreya Medicare Limited (MML) is a 125-bed, multi superspeciality hospital based out of Surat, Gujarat. They provide a wide range of healthcare services across over 18 specialities and super specialities, including Cardiology, Laparoscopic Surgery, Orthopaedic Surgery including joint replacements, Gynecology and High-Risk Obstetrics, Hepatocellular Biliary Surgery, Neurology, and more.

The hospital’s capacity grew from 67 beds in 2021 to 125 in 2023, which they further plan to expand to 200 beds. They strategically concentrate on the southern Gujarat healthcare market, where they have a firm understanding of customer culture, regional nuances, the mindset of medical professionals, etc. The hospital also has pharmacies and a diagnostic services centre.

The healthcare sector in India is incredibly diversified and offers great opportunities across providers, medical technology and payers. In 2020, the Indian medical tourism market was valued at US$ 2.89 billion and is expected to touch US$ 13.42 billion by 2026. The Indian Government aspires to develop the country as a healthcare destination worldwide and also plans to raise public health spending to 2.5% of the nation’s GDP by 2025. This support by the government and the demand for healthcare services may have a positive impact on Maitreya Medicare Limited.

Maitreya Medicare Limited IPO Details

Maitreya Medicare Limited IPO Date 

Maitreya Medicare Limited’s IPO will open on October 27, 2023, and close on November 01, 2023. The IPO will be listed on the NSE exchange on November 09, 2023.

Maitreya Medicare Limited IPO Price Band

Maitreya Medicare Limited is a 100% fresh IPO worth up to ₹14.89 crore. The issue comprises 18,16,000 shares and is priced at ₹78 to ₹82 per share.

Maitreya Medicare Limited IPO Lot Size

Maitreya Medicare Limited’s IPO lot size is 1,600 shares, and retail investors need to apply for a minimum of 1 lot, which is ₹1,31,200.

Maitreya Medicare Limited IPO Objectives 

The objectives of Maitreya Medicare Limited's IPO are listed below:

  • To invest via Equity in ‘Maitreya Hospital Private Limited’, their subsidiary, to set up a Hospital in Valsad, Gujarat.
  • To redeem a part of issued Non-Convertible Redeemable Preference Shares.
  • To fund the working capital requirement of the company.
  • To meet general corporate purposes.

Peer Details

Maitreya Medicare faces competition from publicly listed players like Shalby Limited, Global Health Limited and KMC Speciality Hospitals (India) Limited, which operate in the same business.

How To Check the Maitreya Medicare Limited Allotment Status?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

Open a demat account with Angel One to apply for the Maitreya Medicare Limited IPO.

Contact Details of Maitreya Medicare Limited IPO

  • Registered office: Nr. Someshwara Char Rasta, UM Road, Surat, Gujarat - 395007, India. 
  • Phone: +91 98798 89506 
  • E-mail:cs@maitreyamedicareltd.com

Maitreya Medicare Ltd Company Financials

Particulars Period ending on March 31, 2021 ( ₹ in thousands) Period ending on Sep 30, 2023 ( ₹ in thousands) Period ending on March 31, 2023 ( ₹ in thousands) Period ending on March 31, 2022 ( ₹ in thousands)
Revenue from operations 5,66,136.29 2,47,936.13 3,93,799.63 4,94,116.44
Restated profit for the year 42,434.39 25,405.00 42,264.88 11,363.10
Net Worth 38,621.58 1,11,831.05 86,426.04 47,111.23
Earnings Per Share 8.06 5.12 7.93 1.71
Total Borrowings 91,905.41 52,020.5 58,512.13 75,024.61

Know before investing

Strengths

3
  1. The company focuses on underserved regions with huge populations and has a presence in tier-3 and tier-2 cities.

  2. The company aims to adopt new medical technologies and equipment to offer better treatment for patients.

  3. The healthcare delivery market in India is expected to reach ₹8.6 trillion in FY 2027. With such a positive outlook, the company is looking to expand their presence in Gujarat.

Risks

2
  1. The company’s revenue is dependent on government-sponsored health schemes. Any unfavourable changes in those regulations or government policies can impact the revenue of the company.

  2. The company is highly dependent on doctors, healthcare professionals, etc. If they are not able to retain them, it can adversely impact the company’s operations.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Over-Subscribed446.79 times

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Over-Subscribed446.79 times

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Maitreya Medicare Ltd IPO FAQs

What is Maitreya Medicare Limited's IPO?

The Maitreya Medicare Ltd IPO contains 100% fresh IPO worth up to ₹14.89 crore. The issue comprises 18,16,000 shares and is priced at ₹78 to ₹82 per share. The IPO will open on October 27, 2023.  

When will Maitreya Medicare Limited's IPO be allotted?

The Basis of Allotment will happen on Monday, November 06, 2023.

When will Maitreya Medicare Limited's IPO open for subscription?

The IPO subscription window will open on October 27, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot, which consists of 1,600 shares.

When will the Maitreya Medicare Limited list on exchanges?

Maitreya Medicare Ltd IPO will be listed on the NSE exchange on Thursday, November 9, 2023.

How do I check the allotment status of the Maitreya Medicare Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Maitreya Medicare Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Thursday, November 9, 2023, for Maitreya Medicare Ltd. 

I have finished the application process for the Maitreya Medicare Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for Maitreya Medicare Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Maitreya Medicare Limited using one PAN?

You can submit only one application using your PAN card.