The Broach Lifecare Hospital IPO is a fixed price issue amounting to Rs 4.02 crores, with a total of 16.08 lakh fresh shares being issued.
The subscription period for the Broach Lifecare Hospital IPO starts on August 13, 2024, and ends on August 16, 2024. The allotment is expected to be finalized on Monday, August 19, 2024. The IPO is set to list on the BSE SME, with a tentative listing date of Wednesday, August 21, 2024.
The IPO price for Broach Lifecare Hospital is ₹25 per share.
- Book running lead manager – Fedex Securities Pvt. Ltd.
- Registrar – Kfin Technologies Limited.
- Market Maker – Aftertrade Broking
Below are the details of Broach Lifecare Hospital Limited IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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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 | |
| 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) |
| 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 |
Broach Lifecare Hospital IPO Timeline 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 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 Promoters
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% |
Broach Lifecare Hospital IPO Financial Information
| 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 | |
Broach Lifecare Hospital IPO Review
Founded in 2023, Broach Lifecare Hospital Limited operates boutique hospitals under the brand name “Maple Hospitals.” The company offers round-the-clock services for patients with heart conditions, 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 features 25 ultra-luxury inpatient beds and is equipped with diagnostic devices for various tests. It also provides high-end coronary care and life-saving equipment, including an Intra-aortic Balloon Pump Machine, Biphasic Defibrillator, and Ventilators.
The company’s hospitals are NABH-certified as small primary-level healthcare organizations. They have also 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. Additionally, they are 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 of March 31, 2024, the company has 19 employees on its payroll.
Visit Broach Lifecare Hospital Limited official website!
FAQs About Broach Lifecare IPO 2024
Q. What is Broach Lifecare Hospital IPO?
Ans. Broach Lifecare Hospital IPO is a Small and Medium Enterprises (SME) initial public offering (IPO) of 1,608,000 equity shares, each with a face value of ₹10, totaling up to ₹4.02 crores. The issue price is set at ₹25 per share.
Q. When does Broach Lifecare Hospital IPO open?
Ans. The Broach Lifecare Hospital IPO opens for subscription on August 13, 2024, and closes on August 16, 2024.
Q. How can I apply for Broach Lifecare Hospital IPO?
Ans. You can apply for the Broach Lifecare Hospital IPO online using either UPI or ASBA as the payment method. ASBA IPO applications are available through your bank account’s net banking services. UPI IPO applications can be submitted through brokers that do not offer banking services. For more detailed information, you can refer to IPO application guides provided by brokers like Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
Q. When will the allotment for Broach Lifecare Hospital IPO be finalized?
Ans. The finalization of the Basis of Allotment for Broach Lifecare Hospital IPO is scheduled for Monday, August 19, 2024. The allotted shares are expected to be credited to your demat account by Tuesday, August 20, 2024.
Q. When is the listing date for Broach Lifecare Hospital IPO?
Ans. The listing date for Broach Lifecare Hospital IPO has not yet been officially announced. However, the tentative listing date is Wednesday, August 21, 2024.
Q. Who is the registrar for Broach Lifecare Hospital IPO?
Ans. Kfin Technologies Limited is the registrar for the Broach Lifecare Hospital IPO.
Q. Where will the shares of Broach Lifecare Hospital be listed?
Ans. The shares of Broach Lifecare Hospital are proposed to be listed on the BSE SME platform.