The Maitreya Medicare IPO has left investors stunned with its massive demand. On its first day, the IPO was oversubscribed by more than 23 times.
You can still subscribe to Maitreya Medicare’s IPO until November 1, with a price range of Rs 78-82.
Notably, the IPO has gained strong traction in the gray market, where Maitreya Medicare shares are trading at a premium of over 65%. It’s anticipated that the listing price might exceed Rs 135.
With a price band of Rs 78-82, and gray market trading at Rs 55, if shares are allocated at the upper price of Rs 82, they could potentially be listed at Rs 137.
This means investors could see a remarkable 67% profit on the first day. The public issue size of Maitreya Medicare is Rs 14.89 crore.
The IPO’s subscription rates are impressive. On the first day, it was subscribed 23.30 times in total, with the retail quota being oversubscribed 31.66 times.
Non-Institutional Investors (NII) saw a subscription of 18.78 times, and Qualified Institutional Buyers (QIB) subscribed 11.55 times.
For retail investors, one lot in Maitreya Medicare’s IPO consists of 1600 shares, requiring an investment of Rs 131,200.
