Established in 2019, Maitreya Medicare Limited operates as a multidisciplinary hospital located in Surat, Gujarat. The hospital is dedicated to offering a broad spectrum of healthcare services, emphasizing comprehensive integrated healthcare, spanning primary, secondary, and tertiary care. Maitreya Medicare provides an extensive range of healthcare services across more than 18 specialties and super specialties, including 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 has a capacity of 125 beds and is led by a dedicated team comprising Dr. Narendra Singh Tanwar, the founder, Promoter, CFO, and Managing Director; 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.
Objectives of the Issue
Investment in Subsidiary: The funds will be directed towards equity investment in the subsidiary, ‘Maitreya Hospital Private Limited,’ for establishing a hospital in Valsad, Gujarat.
Redemption of Preference Shares: A portion of the proceeds will be utilized for the redemption of Non-Convertible Redeemable Preference Shares previously issued.
Working Capital Requirements: Funds will be earmarked to meet the day-to-day working capital needs essential for the hospital’s operations.
General Corporate Purposes: The remaining funds will serve general corporate purposes, encompassing 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 Range: ₹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
Shareholding Pre-Issue: 4,960,000
Shareholding 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 allocated to retail investors, typically individual investors who purchase shares for personal investment.
NII (Non-Institutional Investors or HNIs): Not less than 15% of the Net Issue will be available to Non-Institutional Investors, including High Net Worth Individuals (HNIs) not classified as institutional buyers.
This allocation strategy ensures inclusivity, allowing a diverse range of investors to participate in the IPO.
Maitreya Medicare Limited IPO Lot Size
Retail (Min): 1 Lot = 1600 Shares = ₹131,200
Retail (Max): 1 Lot = 1600 Shares = ₹131,200
HNI (Min): 2 Lots = 3,200 Shares = ₹262,400
Maitreya Medicare Limited IPO Promoter Holding
Share Holding Pre-Issue: The promoters collectively own 100% of the company’s shares before the issue.
Share Holding Post-Issue: After the issue, the promoters’ collective ownership will decrease to 73.20% due to the issuance of 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 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: [email protected]
FAQs
What services does Maitreya Medicare Limited offer?
Maitreya Medicare Limited is a multidisciplinary hospital located in Surat, Gujarat. The hospital provides a wide range of healthcare services across more than 18 specialties and super specialties, including 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.
What are the objectives of the Maitreya Medicare Limited IPO?
The funds raised through the IPO will be used for several purposes, including:
Investment in the equity of the subsidiary, ‘Maitreya Hospital Private Limited,’ for the establishment of a hospital in Valsad, Gujarat.
Redemption of Non-Convertible Redeemable Preference Shares.
Meeting working capital requirements for day-to-day hospital operations.
General corporate purposes, which may involve strategic initiatives, investments, research and development, and exploration of expansion opportunities.
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?
For retail investors, the lot size is 1600 shares, and for High Net Worth Individuals (HNIs), it is 3200 shares.
Who are the promoters of Maitreya Medicare Limited, and how does the IPO affect their shareholding?
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 to raise funds through the offering.
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.
