Maitreya Medicare IPO GMP, Review, date, Allotment 2023

Maitreya Medicare IPO  is set to launch its Initial Public Offering (IPO), with subscriptions opening on October 27, 2023


Maitreya Medicare IPO – Details


IPO Opening Date 27 October 2023
IPO Closing Date 01 November 2023
Issue Type Book Built Issue IPO
Issue Size 18,16,000 Shares Worth ₹14.89 Crore

Fresh Issue: 18,16,000 Shares Worth ₹14.89 Crore

Face Value ₹10 per equity share
IPO Price ₹78 – ₹82
Market Lot 1600 Shares
Min Order 1600 Shares (1 Lot)
Listing At NSE SME
Register Link Intime India Private Ltd

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Maitreya Medicare IPO – Date Schedule


IPO Open Date 27 October 2023
IPO Close Date 01 November 2023
Basis of Allotment 06 November 2023
Initiation of Refund 07 November 2023
Credit of Shares to Demat Account 08 November 2023
IPO Listing Date 09 November 2023

Maitreya Medicare IPO- about company 


Maitreya Medicare Limited is a multispeciality hospital situated in Surat, Gujrat. The main focus of the hospital is multi-disciplinary integrated healthcare services, with primary secondary & tertiary care.

Maitreya Medicare offers a comprehensive range of healthcare services across over 18 specialties and super specialties, including Cardiology, Urology, Laparoscopic Surgery, Oncology, Neurosurgery, Spine Surgery, Neurology, Nephrology including Dialysis, Gastroenterology, Gastrointestinal surgery, Cardiothoracic Surgery, Oncosurgery, Orthopedic Surgery including joint replacements and Arthroscopic surgeries, Gynecology & High-Risk Obstetrics, Hepatocellular Billary Surgery, Critical Care Medicine, etc.

As of 2023, the hospital has a 125-bed capacity under the leadership of Dr. Narendra Singh Tanwar, 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.

Maitreya Medicare IPO GMP, Review, date, Allotment


Maitreya Medicare IPO- industry overview 


Healthcare has become one of India’s largest sectors, both in terms of revenue and employment. Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The Indian healthcare sector is growing at a brisk pace due to its strengthening coverage, services, and increasing expenditure by public as well as private players.  

The Indian healthcare sector is expected to record a three-fold rise, growing at a CAGR of 22% between 2016–22 to reach US$ 372 billion in 2022 from US$ 110 billion in 2016. By FY22, Indian healthcare infrastructure is expected to reach US$ 349.1 billion. In the Economic Survey of 2022, India’s public expenditure on healthcare stood at 2.1% of GDP in 2021-22 against 1.8% in 2020-21 and 1.3% in 2019-20.In FY22, premiums underwritten by health insurance companies grew to Rs. 73,582.13 crores (US$ 9.21 billion)


Maitreya Medicare Financial Performance


  FY 2021 FY 2022 FY 2023 H1 FY 2023
Revenue 56.61 49.41 39.38 24.79
Expenses 51.27 48.15 34.04 21.23
Net income 4.24 1.14 4.23 2.54

Figures in INR Crores 


Maitreya Medicare Valuations & Margins


FY 2021 FY 2022 FY 2023
EPS 8.06 1.71 7.93
PE ratio 9.84 – 10.34
RONW (%) 103.45 18.02 45.49
NAV 3,862.16 4,711.12 17.42
ROCE (%) 47.91 17.22 42.71
EBITDA (%) 13.18 7.09 19.64


Maitreya Medicare IPO- Competitive Strengths


  • Key Multi-speciality tertiary and quaternary healthcare provider providing well diversified and specialized service offerings and strong brand recognition;
  • Regional leadership through delivering clinical excellance and affordable healthcare in South Gujarat;
  • Quality health care services;
  • Experienced senior management team;
  • Track Record of stable operating and financial performance and growth;
  • Ability to attract, train and retain high quality doctors, consultants and medical support staff;


Object Of The Issue


  • Making investment through Equity in the subsidiary named ‘Maitreya Hospital Private Limited’ for setting up a Hospital at Valsad, Gujarat.
  • Redemption of part of issued Non-Convertible Redeemable Preference Shares.
  • Working Capital requirements of the company.
  • General Corporate Purpose.


Maitreya Medicare IPO GMP Today


Date IPO GMP Kostak Subject to Sauda
26 October 2023   42  47000




Maitreya Medicare IPO Allotment Status


Maitreya Medicare IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.



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