Maitreya Medicare Limited's Initial Public Offering (IPO) has successfully concluded, raising ₹14.89 crores ($2 million) through the issuance of 18.16 lakh shares, priced between ₹78 and ₹82 each. The IPO was operational from October 27 to November 1, with soaring subscription rates on the final day reaching an overall high of 446.79 times. The individual rates across retail, Qualified Institutional Buyers (QIB), and Non-Institutional Investors (NII) categories were 509.40 times, 85.41 times, and 744.03 times, respectively.
The finalized share allotment is now available on Link Intime India Private Ltd's portal, where investors can verify their allotment status by selecting the IPO from a dropdown menu and providing relevant details. The portal also outlines the refund process for unsuccessful applicants.
Retail and High Net Worth Individual (HNI (NYSE:HNI)) investors had to invest a minimum of ₹131,200 ($1,750) and ₹262,400 ($3,500), respectively, during the subscription period. The IPO process concluded with the finalization of share allotment.
Shares are expected to be listed on the National Stock Exchange's Small and Medium Enterprises (NSE SME) platform on November 9, potentially earlier due to T+3 norms. In the grey market, shares traded at a ₹75 premium, indicating an estimated listing price of ₹157.
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