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Broach Lifecare IPO listed @ Rs. 47.50

Broach Lifecare ipo gmp

Broach Lifecare IPO GMP grey market premium, review, Subscription, allotment, listing estimate @

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Broach Lifecare listing Review

The scrip got listed on 21 August 2024 at Rs. 47.50. The listing was at 90% premium, upper cap for the SME IPO listing.



Broach Lifecare IPO allotment Link

What is the latest grey market premium of Broach Lifecare IPO?

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Subscription status of Broach Lifecare IPO


Broach Lifecare IPO (Closed)

Price Rs. 25 Lot 6000 shares, Rs. 4.02 Crore

QIB NII x RII x Total x Applications
  88.50 226.32 159.11 45,285 (356.57x)
Amount wise bids recd. Rs. 639.62 Crore
Note: 

 

What is the business of Broach Lifecare?

At Maple Hospitals, the company operates a network of boutique hospitals providing comprehensive, round-the-clock care for heart conditions. Its services include non-invasive cardiology procedures such as 2D Echocardiography, Electrocardiography, Treadmill Tests, Holter Monitoring, Ambulatory Blood Pressure Measurement, Stress Tests, and Dobutamine Stress Echocardiography. In June/July 2023, it expanded its offerings to include advanced interventional cardiac services. These now cover coronary angiography, stenting, percutaneous coronary intervention (PCI), and primary PCI for acute myocardial infarction.

It also offers a variety of specialized treatments, including Balloon Mitral-Valvuloplasty, permanent pacemaker implantation, cardiac resynchronization procedures, and Implantable Cardioverter-Defibrillator (AICD) implantation. Its services extend to managing congenital heart conditions such as coarctation of the aorta, stenting, and posterior descending artery closure. Additionally, its comprehensive diagnostic and therapeutic options encompass endovascular revascularization, deep vein thrombosis treatment, and peripheral angioplasty.

Its flagship hospital in Bharuch stands out with its 25 inpatient beds and state-of-the-art diagnostic equipment. This facility is equipped to perform essential tests, including 2D Echocardiography, Electrocardiography, and more, while also offering high-end coronary care. It uses advanced life-saving equipment such as Intra-Aortic Balloon Pumps, Biphasic Defibrillators, Ventilators, BIPAP Machines, Syringe Pumps, Volumetric Infusion Pumps, and Multipara Monitoring Machines. Its capabilities extend to complex procedures involving Cutter Balloons for in-stent blockages, Drug-Eluting Balloons for previously implanted stents, fractional flow reserve assessments, and Rotablator technology for hard, calcified blockages.

The Satellite Hospital in Ankleshwar, a 15-bed facility, serves as a referral center and provides non-surgical, day-to-day care. Strategically located to meet the demand for basic tertiary care, it operates as a self-sustaining unit. Both its main and satellite hospitals hold certifications from the National Accreditation Board for Hospitals & Healthcare Providers (NABH) as a primary-level small healthcare organization. Additionally, it is certified by the Atomic Energy Regulatory Board for our PACS System and hold a Fire Safety Certificate from local regulatory bodies. The company is also a member of Globe Bio Care, ensuring proper biomedical waste disposal.

Get more information about the company @ www.braceport-logistics.com  

Broach Lifecare IPO Details

IPO opens on  13 August 2024
IPO closes on  16August 2024
Issue Type Book Built Issue IPO
Issue Size 1608000 Shares /
Rs 4.02 Crore
* Fresh Issue 1608000 Shares /
Rs 4.02 Crore
* Offer for Sale –  
Market Maker Portion 84000 Shares
Net offer to Public 1524000 Shares/
Rs.3.81 Crore
Face Value per share Rs. 10
Price Band Rs.25
Employee discount  Rs. 0 per share
Retail Lot Size  6000 Shares
Listing will at  BSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (0%)
NII  (50%)   762000 1.90
RII  (50%)   762000 1.90
Total Shares  1524000 3.81
Retail portion will be oversubscribed by  127
Forms
How much Shares to Apply in this IPO?
Min Retail Application 6000 Shares Rs.150000
Min HNI Application  12000 Shares Rs.300000

Who are the Promoters of Broach Lifecare IPO?

The Promoters of the Company are Dr. Jaykumar Narendra Vyas, Dr. Shachi Jaykumar Vyas and Mrs. Dhyuti Krupesh.

What are the Objects of Broach Lifecare IPO?

The Offer comprises of only fresh issue of shares.

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

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

Tentative timetable

IPO opens on 13 August 2024
IPO Closes on 16 August 2024
IPO Allotment on  19 August 2024
Refund Initiation  20 August 2024
Credit of Shares 20 August 2024
Listing on 21 August 2024
Registered Office of the Company
Broach Lifecare Hospital Limited
501, 5th Floor, Corporate House,
above Bharuch Orthopedic Hospital,
R K Casta, Bharuch-392001

Who is the Lead Manager of this IPO?
Fedex Securities Pvt Ltd 

Who is the Registrar to IPO?
Kfin Technologies ltd

Broach Lifecare IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Broach Lifecare IPO Financial & Analytical Ratios

Year Total
Income
Net
Profit
EPS RoNW
  Rs.in Crore Rs.in Crore Rs. %
2021-22
2022-23
2023-24 2.61 0.70 1.56
Book Value of the
Share on 31.03.2024
Rs  12.26    
BV of the Share at
cap price after IPO
Rs. 15.63    
Offer Price/upper band Rs. 25    

IPO
Key Performance indicators

Price/EPS of 23-24 13.02
Price/BV Ratio 2.04
Price/BV after IPO 


How Broach Lifecare IPO
 compares with the Peers?

As on date of RHP FV Total  PE
  Rs. Income Ratio of
    Rs. In Cr  
Broach Lifecare 10   13.02
Family Care Hospital 10   3.37
KMC Speciality 10   44.26
Global Longlife 10   (14.42)
       
       

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Broach Lifecare IPO Review

At Maple Hospitals, the company operates a network of boutique hospitals providing comprehensive, round-the-clock care for heart conditions. Its services include non-invasive cardiology procedures such as 2D Echocardiography, Electrocardiography, Treadmill Tests, Holter Monitoring, Ambulatory Blood Pressure Measurement, Stress Tests, and Dobutamine Stress Echocardiography. In June/July 2023, it expanded its offerings to include advanced interventional cardiac services. These now cover coronary angiography, stenting, percutaneous coronary intervention (PCI), and primary PCI for acute myocardial infarction.

Size:  Net size of the IPO is Rs.4.02 crore, comprising of 1608000 shares. Huge oversubscription is not ruled out.
Financial Snapshot:
The business is taken over from the proprietorship. The shares are offered at reasonable valuation and offers some listing gains. Market meltdown poses some risk to this IPO
+ from fundamental angle: Apply
+ from grey market angle: ?

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Broach Lifecare IPO FAQs

What is Broach Lifecare IPO
?

This is a SME IPO of 3051200 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.? per share. The minimum order quantity is ? Shares.

When will Broach Lifecare IPO subscription open?

Broach Lifecare IPO opens on August ?, 2024, and closes on August ?, 2024.

What is the lot size of Broach Lifecare IPO?

Broach Lifecare IPO lot size is ? Shares, and the minimum amount required is Rs.?

How to apply for Broach Lifecare IPO?

You can apply in Broach Lifecare 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.

When is Broach Lifecare IPO allotment?

The finalization of Basis of Allotment for Broach Lifecare IPO will be done on August ?, 2024, and the allotted shares will be credited to your demat account by August ?, 2024.

When is Broach Lifecare IPO listing date?

Broach Lifecare IPO listing date is August ?, 2024.