The public is invited to the Broach Lifecare Hospital IPO, which is scheduled to open on August 13, 2024, and run through August 16, 2024. The Broach Lifecare Hospital Limited initial public offering (IPO) has two dates: August 19, 2024, for share allotment, and August 21, 2024, for listing. With a total market value of ₹4.02 crore for 16 lakh shares, this is a fresh-issue, SME book-built IPO. With a lot size of 6,000 shares, the pricing range for the Positron Energy IPO is set at ₹25 per share. Maple Hospital is one of the multispecialty hospitals run by Broach Lifecare Hospital Limited that are located in and around Bharuch.
Broach Lifecare IPO Details
| IPO Open | August 13, 2024 |
| IPO Close | August 16, 2024 |
| IPO Size | Approx ₹4.02 Crores, 1,608,000 Equity Shares |
| IPO Price Band | ₹25 Per Equity Share |
| Lot Size | 6000 Shares |
| Face Value | ₹10 Per Equity Share |
| IPO Listing on | BSE SME |
| IPO Listing Date | August 21, 2024 |
| Share holding pre issue | 4,462,380 |
| Share holding post issue | 6,070,380 |
Broach Lifecare Financial
| FY 2024 | |
| Revenue | 260.58 |
| Expenses | 167.24 |
| Net income | 69.76 |
| EPS | 1.56 |
| PE ratio | 15.99 |
| RONW (%) | 12.75 |
| NAV | 12.26 |
| ROCE (%) | 17.09 |
| EBITDA (%) | 39.38 |
| Debt/Equity | 0.00 |
About – Broach Lifecare
Broach Lifecare Hospital Limited was established in 2023 and goes by the moniker “Maple Hospitals.” The business provides patients with cardiac conditions with specialist services around-the-clock. Non-invasive cardiology treatments such as treadmill tests, electrocardiograms, 2D echocardiograms, and more are included in these services. The hospital added interventional cardiac therapies, such as coronary angiography and stenting, to its list of offerings in June and July of 2023.
The hospital is fully furnished with 25 opulent in-patient beds and top-of-the-line diagnostic equipment. Additionally, they offer ventilators and intra-aortic balloon pump machines, two vital life-saving devices. The hospital is accredited by the Atomic Energy Regulatory Board, the National Accreditation Board for Hospitals & Healthcare Providers (NABH), and local fire safety authorities.
Broach Lifecare IPO Review
The business operates multispecialty hospitals in and around Bharuch and is in the healthcare industry. Both as a corporate body and as a sole proprietorship, it reported a mixed bag of financial results. Relatively speaking, the issue is priced aggressively given FY24 earnings. A smaller post-IPO stock base suggests a longer migration gestation time. Ignoring this rather expensive issue has no negative effects.
