Broach Lifecare Hospital is scheduled to hit the market on August 13, 2024 and close on August 16, 2024. Broach Lifecare Hospital plans to raise around ₹4.02 Cr through an IPO with a sale of up to 1,608,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
Broach Lifecare Hospital Limited, established in 2023, operates boutique hospitals under the brand “Maple Hospitals.” The facility specializes in providing dedicated 24-hour care for patients with heart ailments, offering a range of non-invasive cardiology services. These include 2D Echocardiography, Electrocardiography, Treadmill Tests, Holter monitoring, Ambulatory Blood Pressure Measurement, Stress tests, and Dobutamine Stress Echocardiography. The Bharuch hospital features 25 ultra-luxury in-patient beds and is equipped with advanced diagnostic devices and high-end coronary care equipment, such as the Intra-aortic Balloon Pump Machine, Biphasic Defibrillator, and Ventilators.
The hospitals are certified by NABH as small primary-level healthcare organizations and have received additional certifications from the Atomic Energy Regulatory Board for their PACS System, along with a fire safety certificate from local authorities to ensure patient safety. They are also partnered with Globe Bio Care for the disposal of biomedical waste. As of August 2024, Maple Hospitals are affiliated with 4 PSU insurance companies, 15 private insurance companies, and 8 third-party administrators (TPAs). Currently, the company employs 19 individuals as of March 31, 2024.
Broach Lifecare Hospital IPO Details
Broach Lifecare Hospital IPO opens on August 13, 2024, and closes on August 16, 2024. The Listing date for Broach Lifecare Hospital IPO is on August 21, 2024. The price band for IPO is ₹25 per share and lot size of 6000 Shares.
| IPO Date | August 13, 2024 to August 16, 2024 |
| Listing Date | August 21, 2024 |
| Price | ₹25 per share |
| Lot Size | 6000 Shares |
| Issue Size | ₹4.02 Cr |
| Face Value | ₹10 per share |
Broach Lifecare Hospital IPO Tentative Timetable
Broach Lifecare Hospital opening date is August 13, 2024 and close date is August 16, 2024. The IPO allotment date is August 19, 2024. Therefund initiation of IPO is on August 20, 2024. The credit of shares in demat account is on August 20, 2024. The listing date is on August 21, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 13, 2024 |
| IPO Closing | August 16, 2024 |
| IPO Allotment Date | August 19, 2024 |
| Refund Initiation | August 20, 2024 |
| Shares Credit to Demat | August 20, 2024 |
| Lisiting Date | August 21, 2024 |
Broach Lifecare Hospital IPO Lot Size
Lot Size of this IPO is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹150,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 6000 | ₹150,000 |
| Retail(Maximum) | 1 | 6000 | ₹150,000 |
| S-HNI (Minimum) | 2 | 12,000 | ₹300,000 |
Broach Lifecare Hospital IPO Promoter Holding
| Pre Issue Share Holding | 86.74% |
| Post Issue Share Holding | 63.77% |
Broach Lifecare Hospital IPO Review
Broach Lifecare Hospital Ltd. (BLHL) operates boutique hospitals under the brand “Maple Hospitals” in the Bharuch-Gujarat region, offering specialized cardiac care services including non-invasive and interventional procedures. Established recently as a corporate entity, BLHL's operations include a 25-bed ultra-luxury hospital in Bharuch and a 15-bed satellite hospital in Ankleshwar. The company is accredited by NABH and various regulatory bodies, ensuring high standards of healthcare delivery. Despite a focus on providing comprehensive cardiac care, including advanced diagnostic and therapeutic options, the company's financial performance has been inconsistent, with a notable decline in revenues and profits during its earlier years as a proprietorship.
The IPO, which opens on August 13, 2024, seeks to raise Rs. 4.02 crore through the issuance of 1,608,000 equity shares at a fixed price of Rs. 25 each. The proceeds will be used for purchasing new machinery, developing a medical tourism web portal, and other general corporate purposes. However, BLHL’s financial performance has been uneven, with a decrease in revenue and profitability observed in the years prior to FY24. As a corporate entity, the company reported a net profit of Rs. 0.70 crore for FY24. The issue is priced at a P/E ratio of 21.74 based on FY24 earnings, reflecting an aggressive valuation relative to the company's financial track record.
Given BLHL's recent transition to a corporate structure, mixed financial performance, and relatively high valuation, potential investors may find the IPO less attractive. The company's small equity base post-IPO suggests a potentially lengthy gestation period before substantial returns can be realized. Therefore, it may be prudent to consider skipping this IPO in favor of more established and financially stable opportunities.
Broach Lifecare Hospital IPO Subscription Status (Bidding Details)
Table not foundBroach Lifecare Hospital IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Broach Lifecare Hospital IPO FAQs
What is Broach Lifecare Hospital IPO?
Broach Lifecare Hospital is issuing 1,608,000 equity shares with a face value of ₹10 each, totaling up to ₹4.02 Cr. The shares are being offered at a price of ₹25 each, with a minimum order quantity of 6000 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Broach Lifecare Hospital IPO will open?
Broach Lifecare Hospital will open on August 13, 2024 for QIB, NII, and Retail Investors.
When Broach Lifecare Hospital IPO will end?
Broach Lifecare Hospital will end on August 16, 2024.
What is Broach Lifecare Hospital IPO Size?
Broach Lifecare Hospital IPO size is ₹4.02 Cr.
What is Broach Lifecare Hospital IPO Price Band?
Broach Lifecare Hospital price band is ₹25 per share.
What is the Broach Lifecare Hospital IPO Allotment Date?
Broach Lifecare Hospital allotment date is August 19, 2024.
What is the Broach Lifecare Hospital IPO Listing Date?
Broach Lifecare Hospital listing date is August 21, 2024. The IPO is to be listed on BSE and NSE.
How to Broach Lifecare Hospital IPO through Zerodha?
To apply for the IPO “Broach Lifecare Hospital” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Broach Lifecare Hospital IPO through Upstox?
To apply for the IPO “Broach Lifecare Hospital” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Broach Lifecare Hospital IPO Allotment Status?
For Broach Lifecare Hospital IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Broach Lifecare Hospital IPO GMP?
You can check out here: Broach Lifecare Hospital IPO GMP