Broach Lifecare Hospital IPO
#1. Quick Intro to Broach Lifecare Hospital IPO
The initial public offering (IPO) of Broach Lifecare Hospital will open for subscription on August 13 and close on August 16, comprising fresh issues of Rs.4.02 crore. An investor can apply for the issue for a minimum of 6000 shares and the listing will happen on August 21, 2024.
Broach Lifecare Hospital Limited (2023) operates boutique hospitals under the brand name “Maple Hospitals. The company provide 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 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
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Broach Lifecare Hospital
The company intends to use the IPO Funds for the following purposes:
- Funding towards capital expenditure for the purchase of machines
- Funding for the development of a medical tourism web portal
- General corporate purposes and issue expenses.
#3. Broach Lifecare Hospital Core Strengths
- Strategic location
- Strong employment
- Clinical Excellence
- Experienced promoters and management team
#4. Broach Lifecare Hospital IPO Review & Rating
| Issue Size | Rs.4.02 crore |
| Issue Price | Rs. 25 per share |
| Minimum Lot Size | 6000 Shares |
| Total Profit (Latest) | Rs.69.76 lakhs |
| ROE (%) | 12.75 |
| RONW (%) | 12.77 |
| Listing on | BSE SME |
| IPO Deliver Rating | One |
#5. Broach Lifecare Hospital IPO Dates, Price Band & Details
Broach Lifecare Hospital IPO will open on August 13, 2024, and close on August 16, 2024. The IPO is to be listed on August 21, 2024.
| Type of issue | Fixed Issue IPO |
| Issue Size | Rs.4.02 crore |
| Price Brand | Rs.25 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | August 13, 2024 |
| IPO Close Date | August 16, 2024 |
| IPO Allotment Date | August 19, 2024 |
| Refund Date | August 20, 2024 |
| Share Credit Date | August 20, 2024 |
| Listing Date | August 21, 2024 |
#6. Broach Lifecare Hospital IPO Offer Details
Broach Lifecare Hospital IPO’s total issue size is 16,08,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 16,08,000 | Rs.4.02 |
| Offer for Sale (OFS) | – | – |
#7. Broach Lifecare Hospital Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | March 2024 | March 2023 | March 2022 |
| Total Revenue | 260.58 | 181.57 | 339.17 |
| Net Worth | 546.92 | 216.33 | 225.14 |
| Profit | 69.76 | 13.85 | 45.91 |
| Total Borrowings | 0 | 657.99 | 255.41 |
#8. Broach Lifecare Hospital Quantitative Factors
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category | March 2024 | March 2023 | March 2022 |
| EPS (Rs.) | 1.92 | – | – |
| RoNW (%) | 12.75 | 6.40 | 20.39 |
| NAV (Rs.) | 12.26 | – | – |
#9. Broach Lifecare Hospital Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | EPS | RoNW (%) | NAV |
| Family Care Hosp. | 1.92 | 21.50 | 10.81 |
| KMC Speciality H. | 1.86 | 21.16 | 8.80 |
#10. Broach Lifecare Hospital Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Dr. Jaykumar Narendra Vyas |
| 02. | Dr. Sanchi Jaykumar Vyas |
| 03. | Dhyuti Krupesh Joshi |
#11. Broach Lifecare Hospital Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 86.74 |
| Post-issue | 63.77 |
#12. Broach Lifecare Hospital IPO Reservation Details
Broach Lifecare Hospital IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB/others Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Click here for previous SME IPO
#13. Broach Lifecare Hospital IPO – Lot Size
An investor can apply for a minimum of 600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 6000 | 1,50,000 |
| Retail (Max.) | 1 | 6000 | 1,50,000 |
| HNI (Min.) | 2 | 12000 | 3,00,000 |
#14. Broach Lifecare Hospital IPO – Prospectus Copy
An investor can download/view the Broach Lifecare Hospital prospectus copy, which the company filed to exchange, details are as follows.
| Broach Lifecare Hospital IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Broach Lifecare Hospital IPO Registrar
Kfin Technologies Limited
Website: www.kfintech.com
#16. Broach Lifecare Hospital IPO Lead Managers
Fedex Securities Private Limited
Website: www.fedsec.in
#17. Broach Lifecare Hospital IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Broach Lifecare Hospital IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Broach Lifecare Hospital Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Broach Lifecare Hospital Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Broach Lifecare Hospital Company Details
Broach Lifecare Hospital Limited
Registered Office: 501, 5th Floor, Corporate House, aboveBharuch Orthopedic Hospital, R K Casta, Bharuch, Gujarat-392001, India
Email: info@maplehospital.in
Website: www.maplehospital.in
#19. Broach Lifecare Hospital Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Broach Lifecare Hospital Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Dr. Jaykumar Narendra Vyas |
| 02. | Dr. Sanchi Jaykumar Vyas |
Broach Lifecare Hospital IPO – Frequently Asked Questions (FAQs)
| #1. What is a Broach Lifecare Hospital IPO?
Broach Lifecare Hospital brings its IPO of Rs.4.02 crore, on August 13, 2024, with a price band of Rs.25 per share. |
| #2. What is the Broach Lifecare Hospital IPO Open date?
Broach Lifecare Hospital IPO’s opening date is August 13, 2024. |
| #3. What is the Broach Lifecare Hospital IPO Close Date?
Broach Lifecare Hospital IPO’s closing date is August 16, 2024. |
| #4. What is the Broach Lifecare Hospital IPO Listing date?
Broach Lifecare Hospital’s IPO listing date is August 21, 2024. |
| #5. What is the Broach Lifecare Hospital IPO Minimum investment amount?
Broach Lifecare Hospital IPO’s minimum investment amount is Rs. 1,50,000 |
| #6. What is the Broach Lifecare Hospital IPO offer issue Size?
Broach Lifecare Hospital offers an issue size of Rs.4.02 crore. |
| #7. What is the Broach Lifecare Hospital IPO Price Band?
Broach Lifecare Hospital’s IPO price band is Rs.25 per share. |
| #8. Is Broach Lifecare Hospital IPO mainboard IPO or SME IPO?
Broach Lifecare Hospital IPO is an SME IPO. |
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