Broach Lifecare Hospital IPO is a fixed price issue of Rs 4.02 crores. The issue comprises of fresh issue of 16.08 lakh shares and offer for sale worth Rs 0.00 crore.
Broach Lifecare Hospital IPO opens for subscription on August 13, 2024 and closes on August 16, 2024. The allotment for the Broach Lifecare Hospital IPO is expected to be finalized on Monday, August 19, 2024. Broach Lifecare Hospital IPO will list on BSE SME with tentative listing date fixed as Wednesday, 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.
Broach Lifecare Hospital IPO Details
| IPO Date | August 13, 2024 to August 16, 2024 |
| Listing Date | [.] |
| 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) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹0.00 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Broach Lifecare Hospital IPO Timeline (Tentative Schedule)
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 |
Broach Lifecare Hospital IPO Lot Size
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 | |||
Broach Lifecare Hospital IPO Promoter Holding
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% |
About Broach Lifecare Hospital Limited
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.
Broach Lifecare Hospital Limited Financial Information (Restated)
| 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 | |
Key Performance Indicator
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 |
Check Broach Lifecare Hospital IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.56 | 1.15 |
| P/E (x) | 15.99 | 21.75 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (Broach Lifecare Hospital IPO Objectives)
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 IPO Review (Avoid)
[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…
Broach Lifecare Hospital IPO Prospectus
Broach Lifecare Hospital Limited Contact Details
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/
Broach Lifecare Hospital IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: blhl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/