Broach Lifecare Hospital Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 13, 2024 to August 16, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 25 per share |
| Lot Size | 6,000 Shares |
| Total Issue Size | 16,08,000 shares (aggregating up to ₹ 4.02 Cr) |
| Fresh Issue | 16,08,000 shares (aggregating up to ₹ 4.02 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 44,62,380 |
| Shareholding post issue | 60,70,380 |
| Market Maker portion | 84,000 shares Aftertrade Broking |
About Broach Lifecare Hospital Limited IPO And Its GMP
Broach Lifecare Hospital Limited operates boutique Hospitals under the brand “Maple Hospitals” and provides dedicated round-the-clock services to patients with heart ailments consisting of non-invasive cardiology services such as 2D Echocardiography, Electrocardiography, Treadmill Test, Holter monitoring, Ambulatory Blood Pressure Measurement, Stress test, Dobutamine Stress Echocardiography Subsequently, in the year June/July 2023 they have ventured into interventional cardiac services such as coronary angiography and stenting, percutaneous coronary intervention (“PCI”) and primary PCI for acute myocardial infarction as a division.
They also provide Balloon mitral-valvuloplasty, permanent pacemaker implantation, cardiac resynchronisation procedures, implantable cardioverter-defibrillator (“AICD”) implantation and procedures for congenital ailments such as coarctation of aorta, stenting and posterior descending artery closure. They also offer a complete range of diagnostic and therapeutic options such as endovascular revascularization, deep vein thrombosis treatment and peripheral angioplasty.
IPO Size: ₹4.02 crores
Issue Type: Fixed price
Shares Offered: 16.08 lakh shares (fresh issue)
Offer for Sale: ₹0.00 crore (no shares are being offered for sale by existing shareholders)
Opening Date: August 13, 2024
Closing Date: August 16, 2024
Book Running Lead Manager: Fedex Securities Pvt Ltd
Registrar: Kfin Technologies Limited
Market Maker: Aftertrade Broking
Broach Lifecare Hospital IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Company & Financials
Incorporated in 2023, Broach Lifecare Hospital Limited operates boutique hospitals under the brand name "Maple Hospitals. The company provide dedicated 24-hour 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 an Intra-aortic Balloon Pump Machine, bic defibrillator and ventilator. 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 BioCare 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).
Objectives of Broach Lifecare Hospital IPO
The company proposes to utilise the Net Proceeds from the Issue towards the following objectives:
- 1. Purchase of Machineries.
- 2. Development of a Medical Tourism Web Portal; and
- 3. General Corporate Purpose
Broach Lifecare Hospital IPO Review
The company is in the healthcare segment running multi-speciality hospitals in and around Bharuch. It posted a mixed bag of financial performance as a proprietorship concern and as a corporate entity. Based on FY24 earnings, the issue is relatively aggressively priced. A small equity base post-IPO indicates a longer gestation period for migration. There is no harm in skipping this relatively pricey issue.
Broach Lifecare Hospital Limited IPO And Its GMP Financial Information
Latest Revenue
260.58
₹ Crore
Profit After Tax
69.76
₹ Crore
Net Worth
546.92
₹ Crore
Total Borrowing
100.68
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 571.62 | 260.58 | 69.76 | 546.92 | 100.68 | ||||
| Amount in ₹ Crore | |||||||||
Broach Lifecare Hospital Limited IPO And Its GMP Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 12.75% |
| ROCE | 12.77% |
| RoNW | 12.75% |
| P/BV | 2.04 |
| PAT Margin (%) | 26.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.56 | 1.15 |
| P/E (x) | 15.99 | 21.75 |
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Competitive Strengths
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Broach Lifecare Hospital Limited IPO And Its GMP IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹150,000 |
| Retail (Max) | 1 | 6000 | ₹150,000 |
| HNI (Min) | 2 | 12000 | ₹300,000 |