Critical care – Broach Lifecare Hospital Ltd plans Rs. 402 Lacs IPO opens on August 13, 2024

Bharuch (Gujarat) [India], August 12:  Broach Lifecare Hospital Ltd operating 2 boutique hospitals under the brand name “Maple Hospitals at Bharuch and Ankeleshwar, is planning to raise up to Rs. 4.02 crores through its SME IPO. Shares of the company will be listed on the SME platform of BSE Ltd (BSE SME). The public issue [...]

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Mon, 12 Aug 2024 01:44 PM (IST)
Critical care – Broach Lifecare Hospital Ltd plans Rs. 402 Lacs IPO opens on August 13, 2024
Critical care – Broach Lifecare Hospital Ltd plans Rs. 402 Lacs IPO opens on August 13, 2024

Bharuch (Gujarat) [India], August 12:  Broach Lifecare Hospital Ltd operating 2 boutique hospitals under the brand name “Maple Hospitals at Bharuch and Ankeleshwar, is planning to raise up to Rs. 4.02 crores through its SME IPO. Shares of the company will be listed on the SME platform of BSE Ltd (BSE SME). The public issue open for subscription on August 13 and closes on August 16. Funds raised through the issue will be used for business operations including purchase of machineries, development of medical tourism web portal. Fedex Securities Limited is the Book Running Lead Manager to the issue.

Company is offering 16.08 lakh Equity shares of Rs. 10 each in the price of Rs. 25 per share; Company to list on SME Platform of BSE Ltd (BSE SME)

IPO Highlights:-Fresh Public issue of 16.08 lakh equity shares opens for subscription from August 13 to August 16
Minimum lot size for application is 6,000 shares; Minimum IPO application amount Rs. 1.5 lakh
The company is in the healthcare segment running multi-speciality hospitals in and around Bharuch – Funds raised through the issue will be used for purchase of machineries, development of medical tourism web portal and general corporate purpose.
For FY23-24 company reported total income of Rs. 260.58 lakh, EBIDTA Rs. 102.61 lacs and Net Profit of Rs. 69.76 lakh
– EPS Rs. 1.92 and NAV Rs. 12.26. IPO price is 13 PE multiple where as Industry PE 46 times
Fedex Securities Pvt Ltd is the Book Running Lead Manager of the issue.

The initial public offering of Rs. 4.02 crores consist of a fresh issue of 16,08,000 equity shares of Rs. 10 each in the price of Rs. 25 per share. Minimum lot size for the application is 6,000 shares which translates in to investment of Rs. 1.5 lakh per application.

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 40 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. 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) and Ayushman Bharat.

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.

For the financial year ended on March 31, 2024, Company reported revenue from operations at Rs. 260.58 lakh, EBIDTA Rs. 102.61 lacs and net profit of Rs. 69.76 lakh.

IPO Highlights – Broach Lifecare Hospital Ltd
IPO Opens on August 13, 2024
IPO Closes on August 16, 2024
Issue Price Rs. 25 Per Share
Issue Size 16.08 lakh shares – up to Rs. 4.02 crore
Lot Size 6000 Shares                                   
Listing on SME Platform of BSE Ltd (BSE SME)
Promoters dilution  
Financial Highlights FY 24
Particulars FY 2024
EBIDTA Rs. 102.61 lacs
PAT Rs. 69.76 lacs
EPS Rs. 1.92 per share
Issue Price 13.02 times
Industry PE 46 times
Book Value Rs. 12.26 per shares
Price to NAV 2.03 times

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PNN Agency