Broach Lifecare Hospital Limited is coming up with an IPO consisting of a fresh issue of 16,08,000 shares worth INR 4.02 crores. The company aims to acquire machinery, develop a medical tourism web portal, and pursue corporate objectives.
Broach Lifecare Hospital IPO – Important Dates
| Broach Lifecare Hospital Limited IPO Date | August 13, 2024 to August 16, 2024 |
| Broach Lifecare Hospital Limited IPO Listing Date | August 21, 2024 |
| Broach Lifecare Hospital Limited IPO Price | INR 25 per share |
| Broach Lifecare Hospital Limited IPO Lot Size | 6000 Shares |
| Broach Lifecare Hospital Limited IPO Total Issue Size | INR 4.02 crores |
| Broach Lifecare Hospital Limited IPO Basis of Allotment | August 19, 2024 |
| Broach Lifecare Hospital Limited IPO Initiation of Refunds | August 20, 2024 |
| Broach Lifecare Hospital Limited IPO Credit of Shares to Demat | August 20, 2024 |
| Broach Lifecare Hospital Limited IPO Issue Type | Fixed Price Issue IPO |
| Broach Lifecare Hospital Limited IPO Listing At | BSE SME |
Broach Lifecare Hospital Limited IPO – Company Profile
Broach Lifecare Hospital Limited operates boutique “Maple Hospitals,” offering 24/7 non-invasive and interventional cardiology services, including advanced diagnostics, coronary procedures, pacemaker implantations, and congenital and vascular conditions treatments.
The ultra-luxury Bharuch Hospital offers advanced diagnostics and complex cardiac interventions, while the Ankleshwar Satellite Hospital provides essential non-surgical care. Both hospitals are NABH certified, ensuring high standards and patient safety.
Success is driven by cost-effective, quality services, strong patient relationships, and strategic locations near Bharuch and Ankleshwar’s industrial belt. The focus remains on continuous improvement, advanced technology, and a dedicated, well-trained medical team.
Broach Lifecare Hospital Ltd IPO Fundamental Analysis
Broach Lifecare Hospital Limited Technologies’ financial analysis reveals a mixed performance. Revenue has decreased, while profit after tax has improved. Total assets declined, but equity and liquidity strengthened despite a higher debt-equity ratio and lower RoNW.
- Revenue Trend: The revenue decreased from ₹339.17 lakhs in March 2022 to ₹181.57 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 260.58 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹45.91 lakhs in March 2022 to ₹69.76 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS for the period ending 31st March 2024 is 1.92.
- Return on Net Worth (RoNW): The RoNW has reduced from 20.39% to 12.75%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have decreased, indicating potential business contraction. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: The Inventory Turnover Ratio for the period ending 31st March 2024 is 18.49.
Broach Lifecare Hospital IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 339.17 | 181.57 | 260.58 |
| Equity (₹ in lakhs) | 225.14 | 216.32 | 546.92 |
| Expenses (₹ in lakhs) | 253.46 | 172.61 | 167.24 |
| Profit and Loss After Tax (₹ in lakhs) | 45.91 | 13.85 | 69.76 |
| Diluted EPS only (₹) | – | – | 1.92 |
| Return on Net Worth (%) | 20.39 | 6.40 | 12.75 |
| NAV per Equity Share (₹) | – | – | 12.26 |
| Total Assets (in lakhs) | 591.51 | 818.05 | 571.62 |
| Total Liabilities (in lakhs) | 366.37 | 601.73 | 24.7 |
| Debt Equity Ratio | 1.13 | 2.74 | – |
| Current Ratio (in times) | 0.45 | 2.06 | 5.95 |
| Inventory Turnover Ratio | – | – | 18.49 |
Broach Lifecare Hospital Limited IPO Peer Comparison
Broach Lifecare Hospital Limited displays solid returns and earnings but with lower growth. Family Care Hospitals Limited excels in returns and earnings. KMC Speciality Hospitals consistently performs, while Global Longlife Hospital faces negative earnings and returns.
| Company | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Broach Lifecare Hospital Limited | 10 | 13.02 | 1.92 | 1.92 | 12.75 | 12.26 |
| Family Care Hospitals Limited | 10 | 3.37 | 2.32 | 2.32 | 21.50 | 10.81 |
| KMC Speciality Hospitals (India) Limited | 10 | 44.26 | 1.86 | 1.86 | 21.16 | 8.80 |
| Global Longlife Hospital and Research Limited | 10 | (14.42) | (2.08) | (2.08) | (8.44) | 2.47 |
Broach Lifecare Hospital Ltd IPO Objective
The main objective of Broach Lifecare Hospital Limited is to purchase new machinery and develop a medical tourism web portal to enhance its operational capabilities and expand its reach in the healthcare sector.
- Purchase of Machineries: The company intends to use INR 2.62 crores to purchase a Cath Lab, expanding its cardiac services with advanced diagnostic and treatment capabilities. This will enhance service offerings and attract patients seeking specialized care.
- Development of Medical Tourism Web Portal: The company plans to use INR 0.75 crores to develop a web-based medical tourism portal featuring online consultations, data management, and patient records to enhance healthcare access and improve patient outcomes through advanced technology.
- General Corporate Purposes: The company will allocate funds to general corporate goals, including prepayment of borrowings, strategic initiatives, acquisitions, office setups, business development, R&D, acquiring fixed assets, and covering operational expenses and taxes.
Broach Lifecare Hospital IPO Risks And Challenges
Broach Lifecare Hospital Limited’s risk includes attracting skilled professionals amidst high competition, geographical dependence exposing them to local issues, and revenue reliance on interventional cardiology, which could be affected by technology, staff loss, or competition.
- Their success relies on attracting and retaining skilled doctors and healthcare professionals amid high competition and shortages. Challenges include competitive compensation, retaining staff with private practices, and potential conflicts of interest affecting service quality and patient intake.
- Geographical concentration in Bharuch and Ankleshwar exposes them to risks like reduced patient footfall, regulatory changes, and local economic or political issues. Such factors could materially impact their business, financial health, and operational results.
- As a boutique hospital specializing in interventional cardiology, its revenue is highly dependent on this field. Factors like outdated technology, the loss of skilled professionals, regulatory changes, or competition could significantly impact its financial stability and operations.
Broach Lifecare Hospital Ltd IPO – Industry & Market Potential
With a projected 22% CAGR, India’s healthcare market will reach $372 billion by 2022 and continue to grow in 2024. This expansion is fueled by cost competitiveness and increasing public investment.
The Indian healthcare sector is expanding rapidly with a 22.52% CAGR and is projected to reach $638 billion by 2025. Government initiatives, rising incomes, and increased health insurance penetration drive growth and investment in advanced healthcare technologies.
AI adoption in India is set to surge, with AI expenditure reaching $11.78 billion by 2025 and contributing $1 trillion to the economy by 2035. The AI healthcare market will grow from $14.6 billion in 2023 to $102.7 billion by 2028.
Broach Lifecare Hospital Limited IPO – Type of Offer
Broach Lifecare Hospital Limited is coming up with an IPO consisting of a fresh issue of 16,08,000 shares worth INR 4.02 crores. The company aims to acquire machinery, develop a medical tourism web portal, and pursue corporate objectives.
Broach Lifecare Hospital IPO Offer Size
The offer size of Broach Lifecare Hospital Limited is INR 4.02 crores, consisting of a fresh issue of 16,08,000 shares. The company seeks funds to acquire machinery, develop a medical tourism web portal, and pursue corporate objectives.
Broach Lifecare Hospital Limited IPO Allotment Structure
Broach Lifecare Hospital Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 84,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 84,000 shares for this purpose.
How to apply for the Broach Lifecare Hospital IPO?
To apply for the Broach Lifecare Hospital Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Broach Lifecare Hospital Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Broach Lifecare Hospital Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Broach Lifecare Hospital IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Broach Lifecare Hospital Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Broach Lifecare Hospital Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Broach Lifecare Hospital Limited IPO:
● Registrar’s Website: Visit the website of Kfin Technologies Limited, the registrar of the Broach Lifecare Hospital Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Broach Lifecare Hospital Ltd IPO Offer Registrar
The registrar for the Broach Lifecare Hospital Limited IPO is Kfin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFIN TECHNOLOGIES LIMITED
Selenium Tower-B, Plot 31 & 32,
Gachibowli, Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032,
Telangana, India.
Telephone: +91 4067162222
E-mail: [email protected]
Website: www.kfintech.com
Broach Lifecare Hospital IPO – FAQs
1. What is the allotment date of the Broach Lifecare Hospital IPO?
The allotment date of the Broach Lifecare Hospital Limited IPO is August 19, 2024.
2. What is the price band of the Broach Lifecare Hospital IPO?
The price band of the issue is INR 25 per share.
3. What is the size of the Broach Lifecare Hospital IPO?
The offer size of Broach Lifecare Hospital Limited is INR 4.02 crores, consisting of a fresh issue of 16,08,000 shares. The company seeks funds to acquire machinery, develop a medical tourism web portal, and pursue corporate objectives.
4. What is the listing date of the Broach Lifecare Hospital IPO?
The listing date of Broach Lifecare Hospital Limited’s IPO is August 21, 2024.
