Maitreya Medicare IPO hits Street: Allotment date, listing date, other key details

Maitreya Medicare IPO: Multispeciality hospital Maitreya Medicare launched an initial public offer (IPO) on Friday, October 27 to raise Rs 14.89 crore. The IPO comprises fresh issuance of 18.16 lakh shares. The public offer will be available for three trading days, till November 1 from 10 am to 5 pm.  

Here are some of the important things to know about the Maitreya Medicare IPO:

Important dates  

Maitreya Medicare IPO allotment date

The basis of the allotment of shares under the IPO will be finalised tentatively on November 6. While unsuccessful bidders will likely have refunds initiated on November 7, the successful bidders will have shares credited to their demat accounts on November 8. Maitreya Medicare shares are likely to be listed on NSE’s SME platform tentatively on November 9.  

Issue price  

The potential investors will be able to bid for Maitreya Medicare shares in a price band of Rs 78 to Rs 82 apiece, under the public issue.  
Maitreya Medicare IPO: Book-running lead managers

GYR Capital Advisors Private Limited is the book running lead manager of the public issue, whereas Link Intime India Private Ltd is the registrar.

Maitreya Medicare IPO: Lot size

Shares will be available for bidding in multiples of 1,600.  

Maitreya Medicare IPO: Fund utilisation

The hospital intends to utilise the proceeds from the issue to:

• Fund capital expenditure towards civil construction work in the existing premises of the factory
• 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 Purposes.

What does Maitreya Medicare do?

Maitreya Medicare Limited is a multispeciality hospital situated in Surat, Gujrat which was incorporated in 2019. The main focus of the hospital is multi-disciplinary integrated healthcare services, with primary secondary and tertiary care.

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