Broach Lifecare Hospital Limited IPO
- IPO Date13 Aug, 2024 to 16 Aug, 2024
- Listing Date21 Aug, 2024
- Face Value₹10 per share
- Issue Price₹25 to ₹25 per share
- Lot Size6000 Shares
- Minimum Investment₹1,50,000
- Listing AtBSE SME
- Total Issue Size16,08,000 Shares
(aggregating up to ₹4.02 Cr) - Fresh Issue16,08,000 Shares
(aggregating up to ₹4.02 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue44,62,380
- Shareholding post issue60,70,380
IPO Dates
Closing Date
16 Aug, 2024
Initiation of Refunds
20 Aug, 2024
Listing Date
21 Aug, 2024
13 Aug, 2024
Opening Date
19 Aug, 2024
Basis of Allotment
20 Aug, 2024
Credit of Shares
Broach Lifecare Hospital Limited 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 |
|---|---|---|---|
| S-HNI (Min) | 2 | 12000 | ₹3,00,000 |
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 6000 | ₹1,50,000 |
| Retail (Min) | 1 | 6000 | ₹1,50,000 |
| B-HNI (Min) | - | - | - |
Broach Lifecare Hospital Limited Promoter Holding
The Promoters of the Company are Dr. Jaykumar Narendra Vyas, Dr. Shachi Jaykumar Vyas and Mrs. Dhyuti Krupesh.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 86.74% | 63.77% |
Broach Lifecare Hospital Limited COMPANY INFORMATION
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.
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 IPO Analysis
Overview of Broach Lifecare Hospital Limited
Broach Lifecare Hospital Limited, incorporated on April 25, 2023, is a healthcare provider aiming to expand its operations through an initial public offering (IPO). The hospital is promoted by Dr. Jaykumar Narendra Vyas, Dr. Shachi Jaykumar Vyas, and Mrs. Dhyuti Krupesh Joshi, who bring extensive experience in the medical field. Broach Lifecare Hospital Limited is launching its initial public offering (IPO) to raise ?402.00 lakhs by issuing 16,08,000 equity shares at a fixed price of ?25 per share. The funds raised will support the hospital's expansion and modernization efforts, improving infrastructure, and enhancing healthcare services. The IPO is set to open on August 13, 2024, and close on August 16, 2024, with shares to be listed on the SME Platform of BSE Limited.
IPO Details and Objectives
Company Overview
- Name: Broach Lifecare Hospital Limited
- Incorporation Date: April 25, 2023
- Promoters: Dr. Jaykumar Narendra Vyas, Dr. Shachi Jaykumar Vyas, and Mrs. Dhyuti Krupesh Joshi
- Registered Office: Bharuch, Gujarat
IPO Details
- Issue Type: Fixed Price Issue
- Issue Size: 16,08,000 Equity Shares
- Issue Price: ?25 per Equity Share
- Total Issue Amount: ?402.00 Lakhs
- Market Maker Reservation Portion: 84,000 Equity Shares
- Net Issue: 15,24,000 Equity Shares
Listing
- Exchange: SME Platform of BSE Limited
- In-Principle Approval: Received from BSE on May 24, 2024
Lead Manager: Fedex Securities Private Limited
Registrar: KFIN Technologies Limited
Key Risks
- First public issue; no formal market for equity shares
- Investments involve risks; potential loss of investment
Listing Information
The equity shares are proposed to be listed on the SME Platform of BSE Limited. The company has received in-principle approval from BSE on May 24, 2024.
Use of Funds
The funds raised through the IPO will be utilized for expanding and upgrading the hospital’s facilities, which is expected to enhance healthcare services and infrastructure.
Pros and Cons of Investing in Broach Lifecare Hospital Limited IPO
Pros
- Experienced Promoters: Led by seasoned healthcare professionals.
- Expansion and Modernization: Plans to improve facilities and services.
- Listing Benefits: Increased visibility and credibility.
- Community Impact: Potential to improve local healthcare access.
Cons
- Market Uncertainty: No existing market for shares, potential volatility.
- Investment Risks: Possibility of financial losses.
- Regulatory Compliance: Essential for smooth operations.
- Financial Performance Dependency: Success hinges on effective financial management and revenue generation.
Key Risks to Consider
Investors should be aware of the general risks associated with equity investments. This being the company's first public issue, there's no assurance of an active market for the shares post-listing, and investments are subject to market risks and potential loss.
Conclusion
Investing in Broach Lifecare Hospital Limited's IPO offers potential benefits, especially given the hospital's plans for expansion and the experienced team leading it. However, investors should carefully consider the associated risks and market uncertainties before making an investment decision.
FAQs About Broach Lifecare Hospital Limited Ipo
Broach Lifecare Hospital Limited IPO will open on 13 Aug, 2024 and close on 16 Aug, 2024. Investors must apply within this period to participate.
The Broach Lifecare Hospital Limited IPO price band is set between ₹25.00 and ₹25.00 per share. The minimum lot size is 6000, requiring an investment of at least ₹150000.00.
The Broach Lifecare Hospital Limited IPO shares are expected to be listed on 21 Aug, 2024, subject to regulatory approvals and final allotment.
You can track your Broach Lifecare Hospital Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Broach Lifecare Hospital Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.