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Broach Lifecare Hospital Ltd IPO

  • Status: Closed
  • ₹ 24,120 / 6000 shares

    Minimum Investment

IPO Details

  • Open Date

    13 Aug 2024

  • Close Date

    16 Aug 2024

  • IPO Price Range

    ₹ 4.02

  • IPO Size

    ₹ 4.02 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    21 Aug 2024

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IPO Timeline

Broach Lifecare Hospital Ltd IPO Subscription Status

Last Updated: 16th August 2024, 5:18 PM by 5paisa

Broach Lifecare Hospital IPO is set to open on 13 August 2024 and will close on 16 August 2024. The company offers boutique hospitals under the brand name "Maple Hospitals." 

The IPO includes a fresh issue of 16,08,000 shares aggregating up to ₹4.02 Cr. The price range is ₹25 per share and the lot size is 6000 shares. 

The allotment is scheduled to be finalized on 19 August 2024. It will go public on BSE SME, with a tentative listing date of 21 August 2024.

Fedex Securities Pvt Ltd is the book-running lead manager, while Kfin Technologies Limited is the registrar. 

Broach Lifecare IPO Size

Types Size (₹Cr)
Total IPO size 4.02
Offer for sale -
Fresh issue 4.02

Broach Lifecare IPO Lot Size

Application Lots Shares Amount (₹)
Retail (Min) 1 6000 1,50,000
Retail (Max) 1 6000 1,50,000
HNI (Min) 2 12000 3,00,000

1. Purchase of Machineries
2. Development of Medical Tourism Web Portal

Broach Lifecare Hospital Limited, founded in 2023, offers boutique hospitals under the brand name "Maple Hospitals." The company offers non-invasive cardiology services around the clock to patients with heart conditions, including 2D echocardiography, electrocardiography, treadmill tests, Holter monitoring, ambulatory blood pressure measurement, stress tests, and dobutamine stress echocardiography.

The Bharuch hospital contains 25 ultra-luxury in-patient beds and is outfitted with modern diagnostic gadgets and high-end coronary care equipment, such as an intra-aortic balloon pump machine, biphasic defibrillator, and ventilators.

The hospitals are NABH-certified as modest primary-care groups. They also have Atomic Energy Regulatory Board certificates for the PACS System and a fire safety certificate from local authorities to assure patient safety. In addition, they work with Globe Bio Care to dispose of biological waste.

As of August 2024, the company's hospitals have cooperated with four public-sector insurance providers, fifteen private insurance companies, and eight third-party administrators. As of March 31, 2024, Broach Lifecare Hospital Limited employed 19 people.

Peers

1.  Innovators Facade System Limited

Strengths

1. Maple Hospitals focus on heart ailments with a comprehensive range of non-invasive cardiology services.
2. The hospital is equipped with high-end coronary care and life-saving equipment.
3. The hospitals are NABH-certified as small primary-level healthcare organizations.
4. Certifications from the Atomic Energy Regulatory Board for the PACS System and local fire safety certificates ensure compliance with stringent safety.

Risks

1. Maintaining ultra-luxury facilities and advanced medical equipment can result in high operational costs.
2. Healthcare is a highly regulated sector. 
3. With only 19 employees, the hospital faces risks related to employee retention and recruitment. 
4. The healthcare sector is highly competitive with numerous established players. 
5. The hospital’s reliance on partnerships with insurance companies and TPAs means that any changes in insurance policies or relationships could affect patient inflow and revenue.

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FAQs

Broach Lifecare Hospital IPO opens from 13th August to 16th August 2024.

The size of Broach Lifecare Hospital IPO is ₹4.02 Cr.

The price of Broach Lifecare Hospital IPO is fixed at ₹25 per share. 

To apply for Broach Lifecare Hospital IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Broach Lifecare Hospital IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Broach Lifecare Hospital IPO is 6000 shares and the investment required is ₹1,50,000.

The share allotment date of Broach Lifecare Hospital IPO is 19th August 2024

The Broach Lifecare Hospital IPO will be listed on 21st August 2024.

Fedex Securities Pvt Ltd is the book-running lead manager for Broach Lifecare Hospital IPO.

Broach Lifecare Hospital plans to utilize the raised capital from the IPO for:

● Purchase of Machineries
● Development of Medical Tourism Web Portal
● General Corporate Purpose