Maitreya Medicare Limited is releasing IPO this is a (small and medium enterprises) with an issue size of 1816000, and a lot size is 1600, the price range is 78 to 82rs.

About Maitreya Medicare Limited (MML)

Maitreya Medicare Limited (MML) is a multi-specialty hospital in Surat, Gujarat. It was established in 2019 and has 125 beds.

MML main focus on Primary, secondary, and tertiary care are all part of the hospital’s multidisciplinary integrated healthcare services. Maitreya Medicare provides a wide range of medical services in more than eighteen specializations and subspecialties, such as Gastroenterology, Gastrointestinal surgery, Cardiothoracic Surgery, Oncosurgery, Orthopedic Surgery, including joint replacements and arthroscopic surgeries, Gynecology & High-Risk Obstetrics, Hepatocellular Billary Surgery, Critical Care Medicine, and more.

Maitreya Medicare Limited IPO details

On October 27 the IPO opened, and it ended on November 1st.

Raising ₹14.89 crores, the IPO
The number of shares in the IPO was 18.16 lakh.

A share’s upper price range for the IPO was ₹82.

There were 1,08,800 shares allocated for the market-making portion.

The amount bid by ordinary investors was 127.58 times the quota.

Non-institutional investors with high net worth acquired 67.57 times the amount allotted to them.

There were seventeen subscriptions to the portion reserved for eligible institutional buyers.

Maitreya Medicare Limited IPO offers 1,816,000 shares. 329,600 (18.15%) to QIB, 272,000 (14.98%) to NII, 611,200 (33.66%) to RII and 494,400 (27.22%) to Anchor investors.

Dr Narendra Singh Tanwar, Dr Pranav Rohitbhai Thaker, and Vimalkumar Natverlal Patel are the company’s promoters.

The Maitreya Medicare Limited IPO is subscribed 234.90 times on Nov 1, 2023.

Opinion share on MML

Health sector is a very good field to consider to had on to protfolio, but considering the competition level MML hospital is set up with 125 bed located in Surat.

There are many other option to consider like FORTIS HOSPITALS, APOLLO HOSPITAL ETC.

Peer Comparison

Shalby Limited
KMC Speciality Hospitals (India) Limited
Global Health Limited

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