Broach Lifecare Hospital Limited IPO Detail
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.
Company Promoters
The Promoters of the Company are Dr. Jaykumar Narendra Vyas, Dr. Shachi Jaykumar Vyas and Mrs. Dhyuti Krupesh.IPO Details
| IPO Opening Date | Aug 13, 2024 |
| IPO Closing Date | Aug 16, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹25 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹4.02 Cr |
| Fresh Issue | ₹4.02 Cr |
| Offer for Sale | - |
| Retail Portion | 47.39% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 1.55x | 15.91x | 8.73x |
| Day 2 | 0.00x | 0.00x | 0.00x | 6.96x | 53.69x | 30.33x |
| Day 3 | 0.00x | 0.00x | 0.00x | 6.96x | 53.69x | 30.33x |
| Day 4 | 0.00x | 0.00x | 0.00x | 88.50x | 226.32x | 159.11x |
IPO Tentative Timetable
The Broach Lifecare Hospital Limited IPO open date is Aug 13, 2024, and the close date is Aug 16, 2024. The issue may list on Aug 21, 2024.
| IPO Open Date | Aug 13, 2024 |
| IPO Close Date | Aug 16, 2024 |
| Basis of Allotment Date | Aug 19, 2024 |
| Initiation of Refunds | Aug 20, 2024 |
| Credit of Shares to Demat Account | Aug 20, 2024 |
| IPO Listing Date | Aug 21, 2024 |
IPO Lot Size
The Broach Lifecare Hospital Limited IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹150000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹150000 |
| Maximum | 1 | 6000 | ₹150000 |
IPO Promoter Holding
| Pre Issue Share Holding | 86.74% |
| Post Issue Share Holding | 63.77% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 571.62 | 260.58 | 69.76 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Purchase of Machineries;
- Development of Medical Tourism Web Portal; and
- General Corporate Purpose
Broach Lifecare Hospital Limited IPO Registrar:
KFin Technologies Limited
Broach Lifecare Hospital Limited IPO Lead Manager(s):
Fedex Securities Pvt Ltd
Company Contact Information:
Broach Lifecare Hospital Limited
501, 5th Floor, Corporate House, above Bharuch Orthopedic Hospital, R K Casta
Bharuch
Gujarat
