Maitreya Medicare Limited IPO
1. Overview of the Hospital: MML is a 125-bed multi-super specialty hospital located in Surat, Gujarat. It offers a comprehensive range of healthcare services across more than 18 specialities and super-specialties, covering fields like Cardiology, Urology, Oncology, Laparoscopic Surgery, Neurology, Neurosurgery, Spine Surgery, Nephrology, Gastroenterology, Cardiothoracic Surgery, Orthopedic Surgery, Gynecology, and more. The hospital aims to provide primary, secondary, and tertiary care to patients.
2. Growth and Leadership: MML has shown significant growth in its bed capacity, expanding from 67 beds in 2021 to 125 beds in 2023. The leadership team is led by Dr. Narendra Singh Tanwar, the founder, Promoter, CFO, and Managing Director. Dr. Pranav Rohitbhai Thaker and Mr. Vimal Patel, both Promoters and Whole-Time Directors, play crucial roles in the management and growth of the hospital.
3. Regional Focus: The hospital strategically focuses on the southern Gujarat healthcare market. They leverage their understanding of regional nuances, customer culture, and the mindset of medical professionals to provide quality and affordable healthcare services.
4. Integrated Services: MML integrates diagnostic services and pharmacies into its operations, offering patients a convenient one-stop solution for their healthcare needs.
5. Experienced Management Team: The management team is supported by experienced professionals with significant expertise in the healthcare industry. Dr. Narendra Singh Tanwar is a highly skilled cardiologist with over 20 years of experience. Dr. Pranav Rohitbhai Thaker, in addition to his medical qualifications, has more than 20 years of experience in hospital management. Mr. Vimal Patel, a management graduate, has over 15 years of experience in the healthcare industry.
6. Patient-Centric Approach: MML follows a “patient-first” ideology, emphasizing the creation of good infrastructure, high-quality service delivery, and technological support. Patients’ comfort and convenience are top priorities. The hospital focuses on providing a wide range of healthcare services, from diagnostics to surgery and rehabilitation.
7. Future Expansion: The hospital has the potential to expand by an additional 75 beds, reaching a total capacity of 200 beds. It aims to offer quaternary care facilities such as organ transplants and robotics in the near future.
8. State-of-the-Art Facilities: MML features premier facilities, including a Cathlab, modular super-specialty operation theaters with advanced air filtration systems, well-equipped intensive care units, and support services such as pathology and radiology, including CT scan.
a) Ability to attract and retain skilled and experienced healthcare professionals
b) Experienced and qualified professional management team with a focus on NABH guidelines
c) Focus on under-served areas with dense populations and presence in tier-2 and tier-3 cities
Objects of the Maitreya Medicare Limited IPO:
Maitreya Medicare Limited IPO Details:
|Open Date:||Oct 27 2023|
|Close Date:||Nov 01 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||14.89 Cr.|
|Lot Size:||1600 Shares|
|Issue Price:||₹ 78-82 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Nov 09 2023|
Promoters And Management:
Financials of Maitreya Medicare Limited IPO:
Particulars ( In Lakhs )
|Revenue from Operations||5,661||4,941||3,938||2,479|
|Cost of Material Consumed||240||505||397||231|
|Purchase of stock-in-trade||796||566||425||250|
|Change in inventories||-69||51||-7||23|
|Employee benefits expenses||425||510||484||249|
|Depreciation & Amortisation||109||132||129||64|
Comparison With Peers:
|Name of the Company||Revenue (In Crore)||PAT (In Crore)||EPS ( in Rs)||P/E||CMP||Mcap (In Crore)|
|Maitreya Medicare Limited||39||4||6.23||13.1||82||56|
|KMC Speciality Hospitals (India) Limited||156||27||1.64||47.9||80.8||1,318|
|Global Health Limited||2,694||326||12.16||54.9||755||20,265|