Incorporated in 2019, Maitreya Medicare Limited (MML) is a 125-bed, multi superspeciality hospital based out of Surat, Gujarat. They provide a wide range of healthcare services across over 18 specialities and super specialities, including Cardiology, Laparoscopic Surgery, Orthopaedic Surgery including joint replacements, Gynecology and High-Risk Obstetrics, Hepatocellular Biliary Surgery, Neurology, and more.
The hospital’s capacity grew from 67 beds in 2021 to 125 in 2023, which they further plan to expand to 200 beds. They strategically concentrate on the southern Gujarat healthcare market, where they have a firm understanding of customer culture, regional nuances, the mindset of medical professionals, etc. The hospital also has pharmacies and a diagnostic services centre.
The healthcare sector in India is incredibly diversified and offers great opportunities across providers, medical technology and payers. In 2020, the Indian medical tourism market was valued at US$ 2.89 billion and is expected to touch US$ 13.42 billion by 2026. The Indian Government aspires to develop the country as a healthcare destination worldwide and also plans to raise public health spending to 2.5% of the nation’s GDP by 2025. This support by the government and the demand for healthcare services may have a positive impact on Maitreya Medicare Limited.
Maitreya Medicare Limited IPO Details
Maitreya Medicare Limited IPO Date
Maitreya Medicare Limited’s IPO will open on October 27, 2023, and close on November 01, 2023. The IPO will be listed on the NSE exchange on November 09, 2023.
Maitreya Medicare Limited IPO Price Band
Maitreya Medicare Limited is a 100% fresh IPO worth up to ₹14.89 crore. The issue comprises 18,16,000 shares and is priced at ₹78 to ₹82 per share.
Maitreya Medicare Limited IPO Lot Size
Maitreya Medicare Limited’s IPO lot size is 1,600 shares, and retail investors need to apply for a minimum of 1 lot, which is ₹1,31,200.
Maitreya Medicare Limited IPO Objectives
The objectives of Maitreya Medicare Limited's IPO are listed below:
- To invest via Equity in ‘Maitreya Hospital Private Limited’, their subsidiary, to set up a Hospital in Valsad, Gujarat.
- To redeem a part of issued Non-Convertible Redeemable Preference Shares.
- To fund the working capital requirement of the company.
- To meet general corporate purposes.
Peer Details
Maitreya Medicare faces competition from publicly listed players like Shalby Limited, Global Health Limited and KMC Speciality Hospitals (India) Limited, which operate in the same business.
How To Check the Maitreya Medicare Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Open a demat account with Angel One to apply for the Maitreya Medicare Limited IPO.
Contact Details of Maitreya Medicare Limited IPO
- Registered office: Nr. Someshwara Char Rasta, UM Road, Surat, Gujarat - 395007, India.
- Phone: +91 98798 89506
- E-mail:cs@maitreyamedicareltd.com
Maitreya Medicare Ltd Company Financials
| Particulars | Period ending on March 31, 2021 ( ₹ in thousands) | Period ending on Sep 30, 2023 ( ₹ in thousands) | Period ending on March 31, 2023 ( ₹ in thousands) |
|---|---|---|---|
| Revenue from operations | 5,66,136.29 | 2,47,936.13 | 3,93,799.63 |
| Restated profit for the year | 42,434.39 | 25,405.00 | 42,264.88 |
| Net Worth | 38,621.58 | 1,11,831.05 | 86,426.04 |
| Earnings Per Share | 8.06 | 5.12 | 7.93 |
| Total Borrowings | 91,905.41 | 52,020.5 | 58,512.13 |
Know before investing
Strengths
3The company focuses on underserved regions with huge populations and has a presence in tier-3 and tier-2 cities.
The company aims to adopt new medical technologies and equipment to offer better treatment for patients.
The healthcare delivery market in India is expected to reach ₹8.6 trillion in FY 2027. With such a positive outlook, the company is looking to expand their presence in Gujarat.
Risks
3The company’s revenue is dependent on government-sponsored health schemes. Any unfavourable changes in those regulations or government policies can impact the revenue of the company.
The company is highly dependent on doctors, healthcare professionals, etc. If they are not able to retain them, it can adversely impact the company’s operations.
