BROACH LIFECARE HOSPITAL LIMITED

13 Aug 2024 - 16 Aug 2024 Individual Category SME BSE

Min Investment

₹150000

Price Band

₹25

Issue Size

16.08 lakhs
Equity Shares

Lot Size

6000

IPO Dates
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13 Aug 2024

Open Date

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16 Aug 2024

Close Date

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19 Aug 2024

Allotment Date

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21 Aug 2024

Listing Date

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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About Broach Lifecare Hospital Limited

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.

Founded

2023

Managing Director

Dr. Jaykumar Narendra Vyas, Dr. Shachi Jaykumar Vyas and Mrs. Dhyuti Krupesh

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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