ListedSME platform

Maitreya Medicare Limited

MAITREYAHealthcare Services27 Oct 2023 – 1 Nov 2023INE0PLQ01011

Promoters Dr Narendra Singh Tanwar · Dr Pranav Rohitbhai Thaker · Mr Vimalkumar Natverlal Patel

On listing day it
—
we hold no exchange bar dated on the listing date
Since then, against the issue price
+39.0%
₹114 on 30 Sept 2026

Against an issue price of ₹82. Split- and bonus-adjusted official closes — a past move, never a forecast.

Issue price
₹82
final issue price
Issue size
₹16 cr
Lot size
1,600 sh
₹1,31,200 a lot
Listed on
7 Nov 2023
NSE
Now trading as MAITREYA — see its filed financials and price history →
Notes

Maitreya Medicare Limited raised ₹16 crore through a SME-platform initial public offer.

The filing places it in Healthcare Services and names three promoters: Dr Narendra Singh Tanwar, Dr Pranav Rohitbhai Thaker and Mr Vimalkumar Natverlal Patel.

The book was open from 27 October 2023 to 1 November 2023.

The issue was priced at ₹82 a share, from a band of ₹78 to ₹82.

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

The shares listed on 7 November 2023.

The last official close on file is ₹114 (30 September 2026), which is 39.0% above the issue price.

It now trades as MAITREYA, and its filed financials are on its company page.

How it has done since listing
NSE close · 30 Sept 2026
Issue price
₹82
final issue price
Listing-day move
—
Now vs issue price
+39.0%
30 Sept 2026
Since first close
—

Shares sold in the issue at ₹82 last closed at ₹114.

See MAITREYA’s filed financials and price history →

Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.

The offer
Regulation 229(2)
Issue price
₹82
face value ₹10
Lot size
1,600 sh
₹1,31,200 a lot
Issue size
₹16 cr
How it was priced
Book-built — the price was discovered inside a band from the bids received
Listing sought at
NSE
Registered office
Western India
Registrar
Link Intime India Private Limited
Lead manager
  • GYR Capital Advisors Limited
What happens when
6-day book
  1. Bidding opens27 Oct 2023
  2. Bidding closes1 Nov 2023
  3. Basis of allotmentnot published

    Not published in the exchange feeds we ingest — we do not estimate it.

  4. Listing7 Nov 2023
Subscription

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Demand at each price

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Anchor investors

We have not extracted an anchor allotment list for this issue.

When locked shares come free
computed from ICDR rules
  • All other pre-issue capital
    SEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment
    7 May 2024
    already free
  • Promoters' minimum contribution
    SEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment
    7 May 2025
    already free

Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.

How the price was set
as printed in the prospectus

Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.

Asking, at the top of the band
—
The issuer's chosen peers
—
Earnings the price leans on
—

Weighted-average return on net worth over the same years: 5.88%.

Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.

Restated financials

Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.

Objects of the offer

We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.

Who the issuer compares itself to
as printed in the offer document

The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.

CompanyP/ERoNW
K M C Speciality Hospitals (India) Limited51.523.5%
Shalby Limited35.47.3%
The issuer’s own figures, as it printed them
EPS
₹7.93
NAV per share
—
Return on net worth
45.49%

The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.

Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.

Who ran this issue, and what else they have run
past issues only
Lead manager
FirmIssuesTypical listing move
GYR Capital Advisors Limited
2022 – 2026
37
2 measurable
+6.0%
Registrar
FirmIssuesTypical listing move
Link Intime India Private Limited
2021 – 2026
175
14 measurable
+10.2%

A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.

Read the offer documents
4 filed

Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.