In this article you get to know insight about Maitreya Medicare Limited IPO Details. Incorporated in 2019, Maitreya Medicare Limited is a multispeciality hospital located in Surat, Gujarat. The hospital is dedicated to providing a wide range of healthcare services, with a strong focus on multi-disciplinary integrated healthcare, encompassing primary, secondary, and tertiary care. Maitreya Medicare offers an extensive spectrum of healthcare services across more than 18 specialties and super specialties, which include Cardiology, Urology, Laparoscopic Surgery, Oncology, Neurosurgery, Spine Surgery, Neurology, Nephrology with Dialysis services, Gastroenterology, Gastrointestinal surgery, Cardiothoracic Surgery, Oncosurgery, Orthopedic Surgery with joint replacements and Arthroscopic surgeries, Gynecology & High-Risk Obstetrics, Hepatocellular Biliary Surgery, Critical Care Medicine, and more.
As of 2023, the hospital boasts a capacity of 125 beds and is led by a dedicated team including Dr. Narendra Singh Tanwar, the founder, Promoter, CFO, and Managing Director of the hospital, Dr. Pranav Rohitbhai Thaker, Promoter & whole-time director, and Mr. Vimal Patel, Promoter & Whole Time Director. The hospital is committed to providing comprehensive healthcare services to the community it serves.
Objects of the Issue
Investment in Subsidiary: The funds will be invested in the equity of the subsidiary named ‘Maitreya Hospital Private Limited’ for the establishment of a hospital in Valsad, Gujarat.
Redemption of Preference Shares: A portion of the proceeds will be allocated for the redemption of issued Non-Convertible Redeemable Preference Shares.
Working Capital Requirements: The hospital will earmark funds to meet its working capital requirements. Adequate working capital is essential for the day-to-day operations of the hospital.
General Corporate Purposes: The remaining funds will be used for general corporate purposes, which may include various strategic initiatives, investments, research and development, and exploration of expansion opportunities.
Maitreya Medicare Limited IPO Details
| IPO Date | October 27, 2023 to November 1, 2023 |
| Face Value | ₹10 per share |
| Price | ₹78 to ₹82 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,816,000 shares (aggregating up to ₹14.89 Cr) |
| Fresh Issue | 1,816,000 shares (aggregating up to ₹14.89 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing | NSE SME |
| Share holding pre issue | 4,960,000 |
| Share holding post issue | 6,776,000 |
| Market Maker portion | 108,800 shares |
Maitreya Medicare Limited IPO Reservation
QIB (Qualified Institutional Buyers): Not more than 50% of the Net Issue will be offered to QIBs.
Retail Investors: Not less than 35% of the Net Issue will be offered to retail investors, who are typically individual investors purchasing shares for personal investment purposes.
NII (Non-Institutional Investors or HNIs): Not less than 15% of the Net Issue will be offered to Non-Institutional Investors, including High Net Worth Individuals (HNIs) who are not classified as institutional buyers.
This allocation strategy is designed to provide an opportunity for a diverse range of investors to participate in the offering, ensuring inclusivity and catering to the various investor categories and their respective investment goals.
Maitreya Medicare Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹131,200 |
| Retail (Max) | 1 | 1600 | ₹131,200 |
| HNI (Min) | 2 | 3,200 | ₹262,400 |
Maitreya Medicare Limited IPO Promoter Holding
The promoters of Maitreya Medicare Limited are Dr. Narendra Singh Tanwar, Dr. Pranav Rohitbhai Thaker, and Mr. Vimalkumar Natverlal Patel.
Share Holding Pre Issue: The promoters collectively hold 100% of the company’s shares before the issue, indicating their complete ownership of the company.
Share Holding Post Issue: After the issue, the promoters’ collective ownership stake will be reduced to 73.20%, reflecting the dilution of their ownership as a result of issuing new shares to raise funds through the offering.
Maitreya Medicare Limited IPO Tentative Dates
| IPO Open Date | Friday, October 27, 2023 |
| IPO Close Date | Wednesday, November 1, 2023 |
| Basis of Allotment | Monday, November 6, 2023 |
| Initiation of Refunds | Tuesday, November 7, 2023 |
| Credit of Shares to Demat | Wednesday, November 8, 2023 |
| Listing Date | Thursday, November 9, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 1, 2023 |
Maitreya Medicare Limited IPO Registrar
For any inquiries or information related to the Maitreya Medicare Limited IPO, you can contact Link Intime India Private Ltd using the following contact details:
Phone: +91-22-4918 6270
Email: maitreyamedicare.ipo@linkintime.co.in
Feel free to reach out to them for assistance or updates regarding the IPO.
FAQs
What is Maitreya Medicare Limited, and what services does it offer?
Maitreya Medicare Limited is a multispeciality hospital located in Surat, Gujarat. The hospital is dedicated to providing a wide range of healthcare services, including Cardiology, Urology, Laparoscopic Surgery, Oncology, Neurosurgery, and more, across more than 18 specialties and super specialties.
What are the objectives of the Maitreya Medicare Limited IPO?
The IPO proceeds will be used for various purposes, including investment in the equity of the subsidiary for establishing a hospital in Valsad, Gujarat, redemption of preference shares, working capital requirements, and general corporate purposes.
When is the Maitreya Medicare Limited IPO scheduled to take place?
The Maitreya Medicare Limited IPO is scheduled to be open for subscription from October 27, 2023, to November 1, 2023.
What is the face value of Maitreya Medicare Limited shares?
The face value of Maitreya Medicare Limited shares is ₹10 per share.
What is the price range for the IPO shares?
The IPO shares are priced in the range of ₹78 to ₹82 per share.
What is the lot size for the Maitreya Medicare Limited IPO?
The lot size for retail investors is 1600 shares, and for HNI (High Net Worth Individuals), it is 3200 shares.
Who are the promoters of Maitreya Medicare Limited, and what is the change in their shareholding due to the IPO?
The promoters of Maitreya Medicare Limited are Dr. Narendra Singh Tanwar, Dr. Pranav Rohitbhai Thaker, and Mr. Vimalkumar Natverlal Patel. Before the IPO, the promoters collectively held 100% of the company’s shares. After the issue, their collective ownership stake will be reduced to 73.20% due to the issuance of new shares.
What are the tentative dates for the Maitreya Medicare Limited IPO process?
The IPO opens on Friday, October 27, 2023, and closes on Wednesday, November 1, 2023. The listing date is Thursday, November 9, 2023.
How can investors contact the IPO registrar for inquiries and information?
For inquiries related to the IPO, investors can contact the registrar, Link Intime India Private Ltd, at +91-22-4918 6270 or via email at maitreyamedicare.ipo@linkintime.co.in.