Broach Lifecare Hospital IPO: Key highlights of upcoming IPO

• Broach Lifecare Hospital’s IPO is a fixed price issue worth up to Rs 4.02 crores.
• Bidding opens on August 13 and closes on August 16, 2024.
• Broach Lifecare Hospital SME IPO price set at Rs 25 per share.
• The minimum amount required for retail investors is Rs 1,50,000.

Broach Lifecare Hospital IPO: Synopsis

Broach Lifecare Hospital is open for subscription from Tuesday, August 13, 2024, and closing on Friday, August 16, 2024. The price for this IPO is set to Rs 25 per share.

Broach Lifecare Hospital’s IPO is offering a fixed price issue with a fresh allotment of 16.08 lakh equity shares. The allotment for this new IPO is expected to be finalized on Monday, August 19, 2024. The listing of this IPO will be done on Wednesday, August 19, 2024, at BSE SME segment.

The minimum lot size set for the retail category is 1 lot, i.e., 6000 shares. For retail investors, the minimum and maximum investment amount required is Rs 150,000. However, for the HNI category, the maximum lot size is 2 lots, i.e., 12,000 shares amounting to Rs 300,000.

The IPO is managed by Fedex Securities Private Limited, which is the book-running lead manager of this public issue. The company has appointed Kfin Technologies Limited as the registrar for the issue. In contrast, Aftertrade Broking is the market maker for the Broach Lifecare Hospital IPO.

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Broach Lifecare Hospital Limited: About the Company

Broach Lifecare Hospital Limited, founded in 2023, operates boutique hospitals under the “Maple Hospitals” brand. They offer 24-hour heart care services, including advanced non-invasive cardiology tests and high-end coronary equipment like Intra-aortic Balloon Pumps. The Bharuch Hospital features 25 ultra-luxury inpatient beds and sophisticated diagnostic devices.

Certified by NABH as a small primary-level healthcare provider, the hospitals also have Atomic Energy Regulatory Board certification for their PACS System and a fire safety certificate. As of August 2024, they are affiliated with various insurance companies and TPAs and employ 19 staff members.

Broach Lifecare Hospital IPO: Objectives

The company intends to use the net proceeds from the offering for various important projects. Initially, a segment will be allocated to procure new equipment. Furthermore, the company plans to dedicate resources to the creation of a thorough medical tourism website. Ultimately, rest money will be used for general corporate purpose.

Broach Lifecare Hospital IPO: Other Important Details

Time-Table of Broach Lifecare Hospital IPO

Broach Lifecare Hospital IPO: Financial Metrics (Amt in Rs Lakhs)

Minimum Investment: Lot Size Details

Promoters of Broach Lifecare Hospital Limited and Their Holdings

The company's promoters are Dr. Jaykumar Narendra Vyas, Dr. Shachi Jaykumar Vyas and Mrs. Dhyuti Krupesh. The promoters collectively held 86.74% of the company's shares. However, post-IPO, their combined shareholding will be 63.77%.

Broach Lifecare Hospital: Strength of Company

1.      Broach Lifecare Hospital Limited's Bharuch hospital features 25 ultra-luxury in-patient beds and advanced diagnostic equipment.

2.      The company has affiliations with multiple insurance companies and TPAs for broad patient coverage.

3.      Broach Lifecare Hospital Limited's facilities are NABH-certified and equipped with high-end medical and safety certifications.

FAQs

1.      What are the core details available of Broach Lifecare Hospital IPO?

Broach Lifecare Hospital IPO is a book-built issue of 4.02 crore. This upcoming IPO is offering a fresh issue of 16.08 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, August 19, 2024.

2.      How can I apply for the Broach Lifecare Hospital IPO?

The public subscription of this new IPO opens on August 13 and closes on August 16, 2024. Click here to initiate the application process.

3.      Who is the lead manager(s) for the Broach Lifecare Hospital IPO?

Fedex Securities Private Limited was appointed as the book-running lead manager for the IPO.

4.      Who is appointed as the registrar for this IPO?

Kfin Technologies Limited has been appointed as the registrar for this public issue.

5.      How will the net proceeds from the IPO be utilised?

The company intends to use the net proceeds from the offering for various important projects. Initially, a segment will be allocated for the procurement of new equipment. Furthermore, the company plans to dedicate resources to the creation of a thorough medical tourism website. Ultimately, rest money will be used for general corporate purpose.

6.      How can I check the allotment status of the IPO?

Investors who applied for IPO can check the allotment status of Broach Lifecare Hospital IPO by visiting here, for further updates, follow Bigul.

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