Maitreya Medicare Limited

LISTED

SME IPO · IPO Guide

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Issue Price

₹78 – ₹82

Listed On

07 Nov 2023

Listing Price

₹162.55 (+98.23%)

Current Price LIVE

₹162.55 (+98.23%)

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Lot Size Calculator

Application	Lots	Shares	Amount
Retail (Min)	1	1,600	₹1,31,200
Retail (Max)	2	3,200	₹2,62,400
S-HNI (Min)	3	4,800	₹3,93,600
S-HNI (Max)	7	11,200	₹9,18,400
B-HNI (Min)	8	12,800	₹10,49,600

As per financials, Maitreya Medicare Limited has shown declining results, RoNW is 45.49% and P/E is respectively 48.91, 13.15 and 10.94 as per FY22, FY23 and annualised FY24 earnings. So, issue looks fairly priced. Also, sudden rise in net-profit is very surprising. Company is in business of healthcare services, which is highly fragmented and competitive segment. Performance of BRLM is good. So we are giving SUBSCRIBE rating to this SME IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

As on Date	QIB	NII	RII	Total
Shares Offered / Reserved	3,29,600	2,72,000	6,11,200	12,12,800
Day 1 27-10-23	38,08,000 (11.55)	51,07,200 (18.78)	1,93,66,400 (31.69)	2,82,81,600 (23.32)
Day 2 30-10-23	61,05,600 (18.52)	1,73,04,000 (63.62)	7,62,32,000 (124.73)	9,96,41,600 (82.16)
Day 3 31-10-23	82,68,800 (25.09)	2,57,56,800 (94.69)	12,30,48,000 (201.32)	15,70,73,600 (129.51)
Day 3 01-11-23	2,81,52,000 (85.41)	20,24,84,800 (744.43)	31,13,42,400 (509.4)	54,19,79,200 (446.88)

Fresh Issue

1
Making investment through Equity in the subsidiary named ‘Maitreya Hospital Private Limited’ for setting up Hospital at Valsad, Gujarat. ( Rs 7.50/- Cr )Redemption of part of issued Non-Convertible Redeemable Preference Shares ( Rs 1/- Cr )Working Capital requirements of the company ( Rs 5/- Cr )General Corporate Purposes
2
Making investment through Equity in the subsidiary named ‘Maitreya Hospital Private Limited’ for setting up Hospital at Valsad, Gujarat. ( Rs 7.50/- Cr )
3
Redemption of part of issued Non-Convertible Redeemable Preference Shares ( Rs 1/- Cr )
4
Working Capital requirements of the company ( Rs 5/- Cr )
5
General Corporate Purposes
6
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decision
7
Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this applicatio
8
With entry barriers, SEBI wants only well informed investors to participate is such SME offer
9
With crazy recent listings, SME IPOs have started drawing attention of investors across the boar
10
However, as SME issues have entry barriers and continued low preference from broking community, any reader taking decisions based on any information published here does so entirely at own ris
11
Above information is based on information available as on date coupled with market perception

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

💬 Community Discussion

5 Comments

K
Kt 05 Nov 2023, 15:18

list date given as december
K
Krishnaben Jatinbhai 04 Nov 2023, 17:16

I GOT ALLOTMENT . WHAT IS THE GMP ?
M
mangesh 31 Oct 2023, 16:13

apply karana chahiye kya ?
M
mangesh 31 Oct 2023, 07:26

please provide reviews on this IPO
R
rakesh 30 Oct 2023, 15:57

? any update on this ipo

Period	Total Income	Total Expenses	Profit After Tax (PAT)
Q2 FY24	24.84	21.23	2.54
FY23	39.94	34.04	4.22
FY22	49.74	48.14	1.13
FY21	57.04	51.27	4.24

Open Date	Oct 27, 2023
Close Date	Nov 01, 2023
Allotment Date	Nov 03, 2023
Listing Date	Nov 07, 2023
Face Value	₹ 10 Per Equity Share
Issue Price	₹ 78 to ₹ 82 Per Equity Share
Retail Min Lot	1 Lot (1,600 Shares - ₹ 1,31,200)
Lead Manager	GYR Capital Advisors Private Limited

Company	P/B Ratio	P/E Ratio	RoNW	Total Revenue (Cr)
Maitreya Medicare Limited Current	3.64	13.15	45.99%	39
Shalby Limited	2.74	10.6	7.37%	805
KMC Speciality Hospitals (India) Limited	11.7	26.7	26.7%	156
Global Health Limited	8.09	17.1	16.2%	2,694

Maitreya Medicare Limited

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