Broach Lifecare Hospital IPO Details

August 13, 2024 - August 16, 2024

IPO Details
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Broach Lifecare Hospital IPO is a fixed price issue of Rs 4.02 crores. The issue is entirely a fresh issue of 16.08 lakh shares.

Broach Lifecare Hospital IPO bidding opened for subscription on August 13, 2024 and will close on August 16, 2024. The allotment for the Broach Lifecare Hospital IPO is expected to be finalized on Monday, August 19, 2024. Broach Lifecare Hospital IPO will list on BSE SME with tentative listing date fixed as Wednesday, August 21, 2024.

Broach Lifecare Hospital IPO price is ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹300,000.

Fedex SecuritiesPvtLtd is the book running lead manager of the Broach Lifecare Hospital IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Broach Lifecare Hospital IPO is Aftertrade Broking.

Refer to Broach Lifecare Hospital IPO RHP for detailed information.

IPO Date	August 13, 2024 to August 16, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹25 per share
Lot Size	6000 Shares
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 Aftertrade Broking

Broach Lifecare Hospital IPO Reservation

Broach Lifecare Hospital IPO offers 1,608,000 shares. 762,000 (47.39%) to NII, 762,000 (47.39%) to RII.

Investor Category	Shares Offered
Anchor Investor Shares Offered	-
Market Maker Shares Offered	84,000 (5.22%)
Other Shares Offered	762,000 (47.39%)
Retail Shares Offered	762,000 (47.39%)
Total Shares Offered	1,608,000 (100%)

Broach Lifecare Hospital IPO Timeline (Tentative Schedule)

Broach Lifecare Hospital IPO opens on August 13, 2024, and closes on August 16, 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 Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. Thebelow table depicts the minimum and maximum investment by retail investors and HNI in terms ofshares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	6000	₹150,000
Retail (Max)	1	6000	₹150,000
HNI (Min)	2	12,000	₹300,000
Lot Size Calculator

Broach Lifecare Hospital IPO Promoter Holding

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%

About Broach Lifecare Hospital Limited

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.

Broach Lifecare Hospital Limited Financial Information (Restated)

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

Key Performance Indicator

The market capitalization of Broach Lifecare Hospital IPO is Rs 15.18 Cr.

KPI as of March 31, 2024.

KPI	Values
ROE	12.75%
ROCE	12.77%
RoNW	12.75%
P/BV	2.04
PAT Margin (%)	26.77

Check Broach Lifecare Hospital IPO Peer Comparison here.

	Pre IPO	Post IPO
EPS (Rs)	1.56	1.15
P/E (x)	15.99	21.75

Note:

The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latestFY earnings as of March 31, 2024 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FYearnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Broach Lifecare Hospital IPO Objectives)

The company proposes to utilize the Net Proceeds from the Issue towards the following objects:

Purchase of Machineries;
Development of Medical Tourism Web Portal; and
General Corporate Purpose

Broach Lifecare Hospital IPO Review (Avoid)

[Dilip Davda] The company is in the healthcare segment running multi-speciality hospitals in and around Bharuch. It posted mix bag of financial performance as a proprietorship concern and as a corporate entity. Based on FY24 earnings, relatively the issue is aggressively priced. Small equity base post-IPO indicates longer gestation period for migration. There is no harm in skipping this relatively pricey issue. Read detail review...

Broach Lifecare Hospital IPO Subscription Status (Bidding Detail)

The Broach Lifecare Hospital IPO is subscribed 8.73 times on August 13, 2024 7:02:09 PM. The public issue subscribed 15.91 times in the retail category, times in the QIB category, and 1.55 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Subscription (times)
Other	1.55
Retail	15.91
Total	8.73

Total Application : 2,942 (23.17 times)

Broach Lifecare Hospital IPO Prospectus

Broach Lifecare Hospital IPO Rating

1.0

Rating:

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Broach Lifecare Hospital Limited Contact Details

Broach Lifecare Hospital Limited
501, 5th Floor, Corporate House,
above Bharuch Orthopedic Hospital,
R K Casta, Bharuch-392001
Phone: +91 94291 87226
Email: info@maplehospital.in
Website: https://www.maplehospital.in/

Broach Lifecare Hospital IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: blhl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Broach Lifecare Hospital IPO - Buy or Not

Broach Lifecare Hospital IPO Recommendation Summary

Review By	Subscribe	Neutral	Avoid
Brokers	0	0	1
Members	0	0	0

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Broach Lifecare Hospital IPO Lead Manager(s)

Fedex SecuritiesPvtLtd (Past IPO Performance)

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Broach Lifecare Hospital IPO FAQs

Broach Lifecare Hospital IPO is a SME IPO of 1,608,000 equity shares of the face value of ₹10 aggregating up to ₹4.02 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000 Shares.

The IPO opens on August 13, 2024, and closes on August 16, 2024.

Kfin Technologies Limited 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 the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the 'Broach Lifecare Hospital IPO' row and click the 'Bid' button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Broach Lifecare Hospital IPO opens on August 13, 2024 and closes on August 16, 2024.

Broach Lifecare Hospital IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.

You can apply in Broach Lifecare Hospital IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 Tuesday, August 20, 2024. Check the Broach Lifecare Hospital IPO allotment status.

The Broach Lifecare Hospital IPO listing date is not yet announced. The tentative date of Broach Lifecare Hospital IPO listing is Wednesday, August 21, 2024.