Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Tue, Aug 13, 2024 - Fri, Aug 16, 2024
Broach Lifecare Hospital IPO is a fixed price issue of ₹4.02 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹4.02 crore.
Broach Lifecare Hospital IPO bidding started from Aug 13, 2024 and ended on Aug 16, 2024. The allotment for Broach Lifecare Hospital IPO was finalized on Aug 19, 2024. The shares got listed on BSE SME on Aug 21, 2024.
Broach Lifecare Hospital IPO price is ₹25 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to Broach Lifecare Hospital IPO RHP for detailed Information.
IPO Open
Tue, Aug 13, 2024
IPO Close
Fri, Aug 16, 2024
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹15.18 Cr
| IPO Date | 13 to 16 Aug, 2024 |
| Listed on | Wed, Aug 21, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 16,08,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 84,000 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹0.2100 Cr) |
| Fresh Issue (Ex Market Maker) | 15,24,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 15,24,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 44,62,380 shares |
| Share Holding Post Issue | 60,70,380 shares |
| BSE Script Code | 544231 |
| ISIN | INE0SFZ01018 |
Broach Lifecare Hospital IPO comprises a total issue size of 16,08,000 shares. The net offer to the public is 15,24,000 shares, after excluding 84,000 shares allotted on a firm basis. Of the Net offer 7,62,000 (50.00%) allocated to NII 7,62,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,62,000 | 50.00% | 47.39% |
| Retail Shares Offered | 7,62,000 | 50.00% | 47.39% |
| Firm Reservations | |||
| Market Maker Shares Offered | 84,000 | 5.22% | |
| Total Shares Offered | 16,08,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
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.
| Period Ended | 31 Mar 2024 |
|---|---|
| Assets | 5.72 |
| Total Income | 2.61 |
| Profit After Tax | 0.70 |
| NET Worth | 5.47 |
| Reserves and Surplus | 1.01 |
| Amount in ₹ Crore | |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Machineries | 2.62 |
| 2 | Development of Medical Tourism Web Portal | 0.75 |
| 3 | General corporate purposes | 0.20 |
| 4 | IPO Expenses | 0.45 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 12.75% |
| ROCE | 12.77% |
| RoNW | 12.75% |
| PAT Margin | 26.77% |
| Price to Book Value | 2.04 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.56 | 1.15 |
| P/E (x) | 15.99 | 21.75 |
| Promoter Holding | 86.74% | 63.77% |
| Market Cap | ₹15.18 Cr. |
The Broach Lifecare Hospital IPO is subscribed 159.11 times on August 16, 2024 6:19:07 PM (Day 3). The public issue subscribed 226.32 times in the retail category, [.] times in the QIB category, and 88.5 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 88.5 | 7,62,000 | 6,74,40,000 |
| Retail | 226.32 | 7,62,000 | 17,24,58,000 |
| Total | 159.11 | 15,24,000 | 24,24,78,000 |
Total Application : 45,285
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | 0.18 |
| 2 | Fees payable to Registrar to Issue, Legal and Other Services Advertising and marketing expenses, printing and distribution of issue stationery, brokerage, selling, commission and upload fees | 0.12 |
| 3 | Regulators including Stock Exchange | 0.04 |
| 4 | Others, if any (including Underwriting Commission, Market making, advisory fees, depositories, marketing fees etc.) | 0.11 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹47.50 |
| Low | ₹45.60 |
| High | ₹49.87 |
| Last Trade | ₹49.87 |
Lead Manager Reports
Broach Lifecare Hospital IPO is a SME IPO of 16,08,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Tue, Aug 13, 2024, and closes on Fri, Aug 16, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Broach Lifecare Hospital IPO using UPI as a payment gateway. Zerodha customers can apply in Broach Lifecare Hospital IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Broach Lifecare Hospital IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Broach Lifecare Hospital IPO opens on Tue, Aug 13, 2024 and closes on Fri, Aug 16, 2024.
Broach Lifecare Hospital IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in Broach Lifecare Hospital IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Broach Lifecare Hospital IPO will be done on Monday, August 19, 2024, and the allotted shares will be credited to your demat account by Tue, Aug 20, 2024. Check the Broach Lifecare Hospital IPO allotment status.
The Broach Lifecare Hospital IPO listing date is on Wed, Aug 21, 2024.
