Maitreya Medicare Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Maitreya

CMP

133.00

+0.95 (0.72%)

  • DRHP
₹82

Offer Price

₹ 14.89 Cr

Issue Size

₹ 1,31,200

Min Investment

1,600

Lot size

Time Line

  • 27
    Oct 2023
    Open
  • 01
    Nov 2023
    Close
  • 06
    Nov 2023
    Finalisation of Basis of Allotment
  • 07
    Nov 2023
    Initiation of Refunds
  • 08
    Nov 2023
    Transfer of Shares to Demat Account
  • 07
    Nov 2023
    Listing Date

Objects of the Offer

  • Strategically expand its footprint in South Gujarat.

  • Continue to recruit and retain skilled healthcare professionals.

  • Continue to improve the quality of care and invest in and employ the latest technology.

Products & Services

  • Maitreya Medicare Limited (MML) is a 125 bedded, Multi Superspeciality hospital. It provides multi disciplinary integrated healthcare services.

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 Gujrat.

  • Quality health care services.

  • Experienced senior management team.

  • Track Record of stable operating and financial performance and growth.

Risks

  • The Hospital is highly dependent on its doctors, nurses and other healthcare professionals, as well as other key personnel and the loss of, or inability to attract or retain, such persons could adversely affect its business and results of operations.

  • There are outstanding legal proceedings involving the Hospital which may adversely affect its business, financial condition and results of operations.

  • The Hospital is highly dependent on its healthcare professionals including doctors, nurses that the hospital engage on a consultancy basis. If such medical staff discontinue their association with it or are unable to provide their services at the hospitals for any reason or if the hospital are unable to attract or retain such consultants/full time doctors, and other healthcare professionals, its business, results of operations and cash flows may be materially and adversely affected.

  • The Hospital has in the past not complied with some statutory provisions of the Companies Act, 2013/1956, further; there have been some instances of delay and non-filing of various forms which were required to be filed under the provisions of the Act, rules and regulations made thereunder with the RoC.

  • The Hospital may generate revenue from the arrangements with government sponsored health schemes, any adverse change in these regulations/ government policies related to such schemes may adversely affect its business, results of operations, cash flows and prospects.

Company Promoters

Promoters Holding

Issue For IPO
26.77%
Pre Holding

99.88%

Post Holding

73.11%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 49.41 (-12.70%) 39.38 (-20.30%) 45.49 (-)
Gross Profit 49.41 (-12.70%) 39.38 (-20.30%) 45.49 (-)
Net Income 49.41 (-12.70%) 39.38 (-20.30%) 45.49 (-)
Assets 49.41 (-12.70%) 39.38 (-20.30%) 45.49 (-)
Liabilities 49.41 (-12.70%) 39.38 (-20.30%) 45.49 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Maitreya Medicare Ltd 39.38 4.23 21.26 6.88 45.49 7.93 17.42 2.16 0.28
Shalby Ltd 804.92 67.70 1,281.36 1,281.36 7.29 6.27 86.44 5.28 0.15
KMC Speciality Hospitals (India) Ltd 155.76 26.69 181.65 181.65 23.51 1.64 6.96 14.69 0.39
Global Health Ltd 2,694.25 326.08 4,115.96 4,115.96 13.42 12.57 90.54 7.92 0.35

Book Running Managers

  • GYR Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Nr. Someshwara Char Rasta,
UM Road,
Surat - 395007
Phone : +91 98798 89506 Email : cs@maitreyamedicareltd.com www.maitreyahospitals.com

Offer Related Information

Initial public offer of up to 18,16,000 equity shares of face value Rs. 10 each (the "Equity Shares") of Maitreya Medicare Limited ("The Company" or the "Issuer") for cash at an issue price of Rs. 82 per equity share (including a securities premium of Rs. 72 per equity share) ("Issue Price"), aggregating up to Rs. 14.89 crores (the "Issue") of which 1,08,800 equity shares aggregating to Rs. 0.89 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The... More

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