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Broach Lifecare Hospital IPO is a fixed price issue of Rs 4.02 crores. The issue is entirely a fresh issue of 16.08 lakh shares.
Broach Lifecare Hospital IPO bidding started from August 13, 2024 and ended on August 16, 2024. The allotment for Broach Lifecare Hospital IPO was finalized on Monday, August 19, 2024. The shares got listed on BSE SME on August 21, 2024.
Broach Lifecare Hospital IPO price is ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹300,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Broach Lifecare Hospital IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Broach Lifecare Hospital IPO is Aftertrade Broking.
Refer to Broach Lifecare Hospital IPO RHP for detailed information.
| IPO Date | August 13, 2024 to August 16, 2024 |
| Listing Date | August 21, 2024 |
| Face Value | ₹10 per share |
| Price | ₹25 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 1,608,000 shares (aggregating up to ₹4.02 Cr) |
| Fresh Issue | 1,608,000 shares (aggregating up to ₹4.02 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,462,380 |
| Share holding post issue | 6,070,380 |
| Market Maker portion | 84,000 shares Aftertrade Broking |
Broach Lifecare Hospital IPO offers 1,608,000 shares. 762,000 (47.39%) to NII, 762,000 (47.39%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 84,000 (5.22%) |
| Other Shares Offered | 762,000 (47.39%) |
| Retail Shares Offered | 762,000 (47.39%) |
| Total Shares Offered | 1,608,000 (100%) |
Broach Lifecare Hospital IPO opens on August 13, 2024, and closes on August 16, 2024.
| IPO Open Date | Tuesday, August 13, 2024 |
| IPO Close Date | Friday, August 16, 2024 |
| Basis of Allotment | Monday, August 19, 2024 |
| Initiation of Refunds | Tuesday, August 20, 2024 |
| Credit of Shares to Demat | Tuesday, August 20, 2024 |
| Listing Date | Wednesday, August 21, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 16, 2024 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹150,000 |
| Retail (Max) | 1 | 6000 | ₹150,000 |
| HNI (Min) | 2 | 12,000 | ₹300,000 |
| Lot Size Calculator | |||
The Promoters of the Company are Dr. Jaykumar Narendra Vyas, Dr. Shachi Jaykumar Vyas and Mrs. Dhyuti Krupesh.
| Share Holding Pre Issue | 86.74% |
| Share Holding Post Issue | 63.77% |
Incorporated in 2023, Broach Lifecare Hospital Limited operates boutique hospitals under the brand name "Maple Hospitals. The company provide dedicated 24 hours services to patients with heart ailments, including non-invasive cardiology services such as 2D Echocardiography, Electrocardiography, Treadmill Test, Holter monitoring, Ambulatory Blood Pressure Measurement, Stress test, and Dobutamine Stress Echocardiography.
The Bharuch hospital has 25 ultra-luxury in-patient beds and is equipped with diagnostic devices for various tests. It also provides high-end coronary care and life-saving equipment such as Intra-aortic Balloon Pump Machine, Biphasic Defibrillator, and Ventilators.
The company's hospitals are NABH-certified as small primary-level healthcare organizations. Additionally, they have received certification from the Atomic Energy Regulatory Board for the PACS System and a fire safety certificate from local regulatory bodies to ensure patient safety. They are also a member of Globe Bio Care for biomedical waste disposal.
As of August 2024, the company's hospitals are affiliated with 4 PSU insurance companies, 15 private insurance companies, and 8 third-party administrators (TPAs).
As on March 31, 2024, the company has 19 employees on its payroll.
| Period Ended | 31 Mar 2024 |
| Assets | 571.62 |
| Revenue | 260.58 |
| Profit After Tax | 69.76 |
| Net Worth | 546.92 |
| Reserves and Surplus | 100.68 |
| Amount in ₹ Lakhs | |
The market capitalization of Broach Lifecare Hospital IPO is Rs 15.18 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 12.75% |
| ROCE | 12.77% |
| RoNW | 12.75% |
| P/BV | 2.04 |
| PAT Margin (%) | 26.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.56 | 1.15 |
| P/E (x) | 15.99 | 21.75 |
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is in the healthcare segment running multi-speciality hospitals in and around Bharuch. It posted mix bag of financial performance as a proprietorship concern and as a corporate entity. Based on FY24 earnings, relatively the issue is aggressively priced. Small equity base post-IPO indicates longer gestation period for migration. There is no harm in skipping this relatively pricey issue. Read detail review...
The Broach Lifecare Hospital IPO is subscribed 159.11 times on August 16, 2024 6:19:07 PM. The public issue subscribed 226.32 times in the retail category, times in the QIB category, and 88.50 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 88.50 |
| Retail | 226.32 |
| Total | 159.11 |
Total Application : 45,285 (356.57 times)
| Listing Date | August 21, 2024 |
| BSE Script Code | 544231 |
| NSE Symbol | |
| ISIN | INE0SFZ01018 |
| Final Issue Price | ₹25 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹25.00 |
| ₹47.50 |
| ₹45.60 |
| ₹49.87 |
| ₹49.87 |
Broach Lifecare Hospital Limited
501, 5th Floor, Corporate House,
above Bharuch Orthopedic Hospital,
R K Casta, Bharuch-392001
Phone: +91 94291 87226
Email: info@maplehospital.in
Website: https://www.maplehospital.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: blhl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Broach Lifecare Hospital IPO is a SME IPO of 1,608,000 equity shares of the face value of ₹10 aggregating up to ₹4.02 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000 Shares.
The IPO opens on August 13, 2024, and closes on August 16, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Broach Lifecare Hospital IPO using UPI as a payment gateway. Zerodha customers can apply in Broach Lifecare Hospital IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Broach Lifecare Hospital IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Broach Lifecare Hospital IPO opens on August 13, 2024 and closes on August 16, 2024.
Broach Lifecare Hospital IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.
You can apply in Broach Lifecare Hospital IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Broach Lifecare Hospital IPO will be done on Monday, August 19, 2024, and the allotted shares will be credited to your demat account by Tuesday, August 20, 2024. Check the Broach Lifecare Hospital IPO allotment status.
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