{"id":21671,"date":"2023-10-27T14:25:28","date_gmt":"2023-10-27T08:55:28","guid":{"rendered":"https:\/\/delhinewswatch.com\/index.php\/2023\/10\/27\/maitreya-medicare-limited-ipo-opens-on-27th-october-2023\/"},"modified":"2023-10-27T14:25:28","modified_gmt":"2023-10-27T08:55:28","slug":"maitreya-medicare-limited-ipo-opens-on-27th-october-2023","status":"publish","type":"post","link":"https:\/\/delhinewswatch.com\/index.php\/2023\/10\/27\/maitreya-medicare-limited-ipo-opens-on-27th-october-2023\/","title":{"rendered":"Maitreya Medicare Limited IPO Opens on 27th October, 2023"},"content":{"rendered":"
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Mumbai (Maharashtra) [India], October 26:\u00a0<\/strong>Maitreya Medicare Limited, a pioneering healthcare institution in Surat, Gujarat, renowned for its exceptional patient-centered services, has announced its plans to go public with an Initial Public Offering on 27thOctober, 2023. The company is aiming to raise \u20b9 14.89 crore on upper band price through this IPO, with shares set to be listed on the NSE EMERGE platform.<\/p>\n

The issue size is Up to 18,16,000 equity shares at face value of \u20b9 10 each.\u00a0<\/p>\n

Equity Share Allocation<\/p>\n

\u25cf\u00a0QIB Anchor\u00a0Portion\u00a0\u2013 Up To 4,94,400 Equity Shares<\/p>\n

\u25cf\u00a0Qualified Institutional Buyers (QIB) \u2013\u00a0Up\u00a0To 8,24,000 Equity Shares<\/p>\n

\u25cf\u00a0Non-Institutional Investors (NII) \u2013 Up To\u00a02,72,000Equity Shares<\/p>\n

\u25cf\u00a0Retail Individual Investors (RII) \u2013 Up To\u00a06,11,200\u00a0Equity Shares<\/p>\n

\u25cf\u00a0Market Maker \u2013\u00a0Up To\u00a01,08,800\u00a0Equity Shares<\/p>\n

The net proceeds from the IPO will be utilized for making equity investments in the subsidiary named \u2018Maitreya Hospital Private Limited\u2019 to establish a hospital in Valsad, Gujarat, as well as for the redemption of part of the issued Non-Convertible Redeemable Preference Shares. Additionally, the funds will be allocated to meet the company\u2019s working capital requirements and for general corporate purposes.\u00a0The bidding for Anchor portion will open on 26th\u00a0October, 2023 and the issue closes on\u00a001st\u00a0November, 2023.<\/p>\n

The Book Running Lead Manager to the Issue is GYR Capital Advisors Limited. The Registrar to the Issue is Link Intime India Private Limited.<\/p>\n

Mr.\u00a0Narendra Singh Tanwar,\u00a0Chairman, Managing Director, and CFO\u00a0of\u00a0Maitreya Medicare Limited\u00a0said,\u00a0\u201cThe IPO marks a significant milestone in our journey. This strategic move aligns with our vision for expansion and strengthening our presence in the healthcare sector. The proceeds from this IPO will fuel our initiatives, enabling us to invest in our subsidiary \u2018Maitreya Hospital Private Limited,\u2019 redeem preference shares, and address working capital needs. At Maitreya, we are poised to redefine healthcare paradigms, ensuring accessibility, quality, and patient satisfaction remain at the core of our initiatives.\u201d<\/p>\n

Mr. Mohit Baid, Executive Director of GYR Capital Advisors Limited said, \u201cMaitreya Medicare Limited\u2019s IPO is a testament to the company\u2019s strategic approach and commitment to healthcare excellence. Their focus on patient-centered care, coupled with advanced infrastructure and specialized services, positions them as one of the leaders in the industry. This development underscores their transformative vision for the industry, promising enhanced healthcare experiences for all.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], October 26:\u00a0Maitreya Medicare Limited, a pioneering healthcare institution in Surat, Gujarat, renowned for its exceptional patient-centered services, has announced its plans to go public with an Initial Public Offering on 27thOctober, 2023. The company is aiming to raise \u20b9 14.89 crore on upper band price through this IPO, with shares set to […]<\/p>\n","protected":false},"author":1,"featured_media":21672,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[632],"class_list":["post-21671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-health"],"_links":{"self":[{"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/posts\/21671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/comments?post=21671"}],"version-history":[{"count":0,"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/posts\/21671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/media\/21672"}],"wp:attachment":[{"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/media?parent=21671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/categories?post=21671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/tags?post=21671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}