Maitreya Medicare lists at 98%, Mish Designs at 31% premium to IPO prices

Mish Designs shares listed at Rs 160 against the IPO price of Rs 122 on BSE SME

Maitreya Medicare shares made a bumper debut on November 7, listing at a 98.2 percent premium to the issue price, while the Mish Designs stock opened at a 31 percent premium.

The Maitreya stock opened at Rs 162.55 as against the issue price of Rs 82 on the NSE SME platform while Mish Designs shares listed at Rs 160 against the IPO price of Rs 122 on BSE SME.

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Maitreya Medicare

The Maitreya Medicare IPO received a strong response from investors with the issue getting subscribed 410.09 times. Retail investors bid 509.40 times, qualified institutional buyers picked up 85.41 times and non-institutional investors bought 744.03 times their respective allotted quotas. The price band for the Rs 14.89-crore public issue, which opened for subscription on October 27 and closed on November 1, was fixed at Rs 78-82 per share.

The company will use the proceeds from the issue to set up a hospital in Valsad in Gujarat, fund working capital requirements and the rest will be used for general corporate purposes.

As of 2023, the hospital has a 125 beds. The promoters of the company are Narendra Singh Tanwar, Pranav Rohitbhai Thaker and Vimalkumar Natverlal Patel.

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Mish Designs

The Mish Designs IPO received a decent response from investors. The Rs 9.76-crore issue was subscribed 135 times. The price for the issue, which opened for subscription on October 31 and closed on November 2, was fixed at Rs 122 per share.

The company will utilise the IPO proceeds to fund working capital requirements, branding and marketing initiatives and the remaining amount will be used for general corporate purposes.

Mish Designs is engaged in processing fabrics into garments. Kaushal Goenka and Sajan Bhartia are the promoters of the company.