Broach Lifecare Hospital Limited IPO

Broach Lifecare Hospital Limited IPO opens on August 13, 2024, and closes on August 16, 2024. The allotment for the Broach Lifecare Hospital Limited IPO is anticipated to be completed on Monday, August 19, 2024. The IPO will be listed on the BSE and SME, with a tentative date set for Wednesday, August 21,2024.

The Broach Lifecare Hospital Limited IPO’s price band is Rs 25 per share. The IPO is a book-built issue of Rs 4.02 crores, entirely a fresh issue of 16.08 lakh shares.

Broach Lifecare Hospital IPO Details

Broach Lifecare Hospital IPO Lot Size

Broach Lifecare Hospital IPO Objectives

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

1. Purchase of Machineries;
2. General Corporate Purpose.
3. Development of a Medical Tourism Web Portal; and

About Broach Lifecare Hospital Limited

Broach Lifecare Hospital Limited, established in 2023, operates under the brand “Maple Hospitals,” specializing in boutique healthcare services. These hospitals are dedicated to providing 24/7 care for patients with heart conditions, offering a wide range of non-invasive cardiology services. These include advanced diagnostics like 2D Echocardiography, Electrocardiography, Treadmill Tests, Holter monitoring, Ambulatory Blood Pressure Measurement, Stress tests, and Dobutamine Stress Echocardiography.

The Bharuch facility is a state-of-the-art hospital featuring 25 ultra-luxurious in-patient beds. It is well-equipped with cutting-edge diagnostic tools and life-saving equipment, including an Intra-aortic Balloon Pump Machine, a Biphasic Defibrillator, and a ventilator. This ensures that patients receive top-notch coronary care.

Broach Lifecare’s hospitals hold NABH certification as small primary-level healthcare providers and have received important certifications, such as approval from the Atomic Energy Regulatory Board for their PACS System. They also comply with local regulations and possess a fire safety certificate to ensure patient protection. Additionally, the hospitals are affiliated with Globe Bio Care for responsible disposal of biomedical waste.

As of August 2024, Broach Lifecare has established affiliations with 4 PSU insurance companies, 15 private insurance companies, and 8 third-party administrators (TPAs), ensuring comprehensive coverage for their patients. As of March 31, 2024, the company employs 19 staff members.

Broach Lifecare Hospital Limited Financial Information 

Solve Plastic Products Limited’s revenue decreased by -24.25% and profit after tax (PAT) rose by 18.47% between the financial year ending with March 31, 2024 and March 31, 2023.

Broach Lifecare Hospital IPO Reservation

Broach Lifecare Hospital IPO Timeline

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

Conclusion

The Broach Lifecare Hospital Limited IPO, opening on August 13, 2024, presents a unique opportunity for investors interested in the healthcare sector. With a price band of Rs 25 per share and a total issue size of Rs 4.02 crores, the IPO offers shares through a fixed-price issue. The funds raised will be used to purchase machinery, develop a medical tourism web portal, and cover general corporate purposes. The hospital, operating under the “Maple Hospitals” brand, provides specialized cardiology services and is well-equipped with advanced medical technology. The IPO closes on August 16, 2024, with listing anticipated on August 21, 2024.