Broach Lifecare Hospital Limited IPO
BSE SMEListed On: Aug 21, 2024 at ₹ 47.5
₹ 300000 /12000 Shares
*Min Investment
13 Aug, 2024
Open Date16 Aug, 2024
Close Date19 Aug, 2024
Allotment Date21 Aug, 2024
Listing DateBroach Lifecare Hospital IPO Issue Details
- Issue Price ₹25 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 16,08,000 shares(aggregating up to ₹4.02 crore)
- Fresh Share 16,08,000 shares(aggregating up to ₹4.02 crore)
- Listing at BSE SME
- List Price 47.5
- Listing Date 2024-08-21
- Lead Manager Fedex Securities Pvt Ltd
- Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 6000 shares and in multiples thereof. The following 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 | ₹1,50,000 |
| Retail(max) | 1 | 6000 | ₹1,50,000 |
Broach Lifecare Hospital IPO Reservation
Broach Lifecare Hospital IPO offers total 16,08,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,7,62,000 (47.39%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 84,000 (5.22%) | |
| Retail Shares Offered | 7,62,000 (47.39%) | |
| Total Shares Offered | 16,08,000 (100%) |
Broach Lifecare Hospital IPO Documents
Broach Lifecare Hospital IPO Details
Broach Lifecare Hospital Limited IPO is an SME IPO, priced at ₹25 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 16,08,000 equity shares, aggregating up to ₹4.02 crores..
The IPO bidding window is open from Aug 13, 2024 to Aug 16, 2024. The allotment is expected to be finalized on Aug 19, 2024, and the tentative listing date is Aug 21, 2024.
The minimum lot size for Retail investors is 6000 shares, with a minimum investment of ₹1,50,000.
Fedex Securities Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Aftertrade Broking Pvt Ltd will act as the market maker for this issue.
Broach Lifecare Hospital IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 762,000 | 762,000 | 1,524,000 |
Day 1 13-08-24 06:00 PM | 1.55 x | 15.91 x | 8.73 x |
Day 2 14-08-24 06:00 PM | 6.96 x | 53.69 x | 30.33 x |
Day 3 16-08-24 06:00 PM | 88.61 x | 226.32 x | 159.16 x |
Broach Lifecare Hospital Valuations
Broach Lifecare Hospital Company Financials
| 31-Mar-24 | |
|---|---|
| Assets | 571.62 |
| Revenue | 260.58 |
| Profit After Tax | 69.76 |
About Broach Lifecare Hospital Company
Incorporated in 2023, Broach Lifecare Hospital Limited operates boutique hospitals under the brand name Maple Hospitals. The company provides dedicated 24-hour 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 equipped with diagnostic instruments for conducting any tests. Its coronary care provides high-end support, along with life-saving machinery, such as an Intra-aortic Balloon Pump Machine, Biphasic Defibrillator, and ventilator.
The hospitals operated by the company are small primary-level healthcare setups. Besides, they are certified by the Atomic Energy Regulatory Board for the PACS System and have a fire safety certificate from local regulatory bodies to ensure safety of patients. They are also members of Globe Bio Care for biomedical waste disposal.
By August 2024, the hospitals of the company 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.
Broach Lifecare Hospital - Promoter(s)
Dr. Jaykumar Narendra Vyas
Dr. Shachi Jaykumar Vyas
Mrs. Dhyuti Krupesh
Pre Issue Share Holding : 86.74%
Post Issue Share Holding : 63.77%
Broach Lifecare Hospital IPO - Issue Objectives
Purchase of Machineries
Development of Medical Tourism Web Portal
General Corporate Purpose
Broach Lifecare Hospital IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Broach Lifecare Hospital Limited | 1.92 | 1.92 | 12.26 | 13.02 | 12.75 | 2.04 | Restated |
| Family Care Hospitals Ltd | 2.32 | 2.32 | 10.81 | 3.37 | 21.5 | 0.72 | Standalone |
| Kmc Speciality Hospitals (india) Ltd. | 1.86 | 1.86 | 44.26 | 8.8 | 21.16 | 1.86 | Standalone |
| Global Longlife Hospital And Research Ltd | -2.08 | -2.08 | 2.47 | -14.42 | -8.44 | 12.15 | Standalone |
Notes:
- Considering the nature and size of the company's business, the peers are not strictly comparable. However, the above company is included for broad comparison.
- The figures for Broach Lifecare Hospital Limited are based on the restated financial statements for the year ended March 31, 2024.
- The figures for the peer group are for the year ended March 31, 2024, and are based on their respective financial statements filed with BSE Ltd.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares. Net worth has been computed as the aggregate of share capital, reserves, and surplus (excluding Revaluation Reserves) and as attributable to the company's owners.
- P/E Ratio for the peer has been computed based on the closing market price of respective Equity Shares as of August 5, 2024, sourced from the website of the Stock Exchange as divided by the Basic/diluted EPS as applicable.
- RoNW is computed as net profit after tax (excluding comprehensive income), as attributable to the company's owners, divided by closing net worth. Net worth has been computed as the aggregate of share capital, reserves, and surplus (excluding Revaluation Reserves), as attributable to the company's owners.
Contact Details
Broach Lifecare Hospital
501, 5th Floor, Corporate House, above Bharuch Orthopedic Hospital R K Casta, Bharuch-392001
+91 94291 87226
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Broach Lifecare Hospital IPO - FAQs
Ans. Broach Lifecare Hospital Limited IPO is a SME IPO. The issue is priced at ₹25 per equity share. The minimum order quantity is 6000 Shares. The IPO opens on Aug 13, 2024, and closes on Aug 16, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Broach Lifecare Hospital Limited IPO opens on Aug 13, 2024 and closes on Aug 16, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Broach Lifecare Hospital Limited IPO is 1,608,000 shares(aggregating up to ₹4.02 Cr).
Ans. The Broach Lifecare Hospital Limited IPO price band is set between ₹25 per equity share.
Ans. To apply for Broach Lifecare Hospital Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Broach Lifecare Hospital Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Broach Lifecare Hospital Limited IPO is Aug 19, 2024.
Ans. The Broach Lifecare Hospital Limited IPO will be listed on Aug 21, 2024.
Ans. Follow the steps to check the Broach Lifecare Hospital Limited IPO allotment status online.
