Broach Lifecare Hospital Ltd IPO: Review, Valuation, Date & GMP

Broach Lifecare Hospital IPO - Complete Overview

Broach Lifecare Hospital IPO an SME IPO is a fixed price issue of Rs.4.02 crore by Broach Lifecare Hospital Ltd. that was founded in 2023. "Maple Hospitals" is the brand name under which the company operates boutique hospitals. The business offers non-invasive cardiology services, such as treadmill testing, electrocardiography, 2D echocardiography, stress testing, dobutamine stress echocardiography, ambulatory blood pressure measurement, and Holter monitoring, to patients with heart conditions around-the-clock.

The Bharuch hospital is furnished with diagnostic equipment for a range of examinations and features 25 opulent in-patient beds. In addition, it offers top-notch cardiac treatment as well as life-saving devices like ventilators, defibrillators, and intra-aortic balloon pumps.

The hospitals of the corporation hold certification as small primary-level healthcare organizations from NABH. To guarantee patient safety, they have additionally obtained a fire safety certificate from regional regulatory organizations and accreditation for the PACS System from the Atomic Energy Regulatory Board. In addition, they dispose of biological waste by becoming a member of Globe Bio Care. The hospitals of the business are associated with four PSU insurance companies, 15 private insurance companies, and 8 third-party administrators (TPAs) as of August 2024.

The company plans to launch its SME IPO on August 13, 2024. 

 

Broach Lifecare Hospital IPO Overview

The Rs.4.02 crore Broach Lifecare Hospital Ltd. IPO consists of a fully fresh issue of 16.08 lac Shares, of which 50% are allotted to retail investors, and 50% to other investors.

This SME IPO is available for purchase from August 13-August 16, 2024. The expected listing date is Wednesday, August 21, 2024, on BSE and SME. Broach Lifecare Hospital IPO price band is Rs.25 for each Share.

To open a demat account and apply for the IPO, Click Here.

 

Company Financial

Below is the synopsis of the company's financial data for the period ending 31 March 2024.

• The total revenue of the company is Rs.260.58 lac.

• The net worth of the company is Rs.546.92 lac.

• The total assets of the company are Rs.571.62 lac.

(Amount in Lac)

Period	31 Mar 2024
Total Assets	571.62
Total Revenue	260.58
PAT	69.76
Net Worth	546.92
Total Reserves & Surplus	100.68

 

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

Net Cash Flow In Multiple Activities	31 Mar 2024
Net Cash Flow Operating Activities	-322.28
Net Cash Flow Investing Activities	-147.54
Net Cash Flow Financing Activities	477.16

 

Geography-wise Revenue Breakdown

(Amount in lac)

Particular	31 Mar 2024
Domestic	260.58
Bharuch	156.65
Ankleshwar	103.93
Total	260.58

 

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Acquisition of Equipment.

• Creation of a Medical Tourism Website.

• General Corporate Purposes.

 

Peers of Broach Lifecare Hospital Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Family Care Hospitals Ltd	10	2.32	3.37
Kmc Speciality Hospitals (India) Ltd.	10	1.86	44.26
Global Longlife Hospital And Research Ltd	10	-2.08	-14.42

 

Evaluation

The price of this IPO is Rs.25 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.1.92 from the last year, the resulting P/E ratio is 13.02x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 14.92x.

Particulars	P/E Ratio (x)
Highest	44.26
Lowest	-14.42
Average	14.92

In simple words, the P/E ratio of Broach Lifecare IPO (13.02x), compared with the industry’s average P/E of 14.92x, has an undervaluation. Hence the price of the Share seems fairly priced for the investors when considered based on the average P/E ratio of the industry. 

 

IPO's Strengths 

• Clinical Quality and Accessible Medical Care.

• A prime site.

• Robust empanelment.

• Capacity to draw in and hold on top-notch physicians, consultants, and medical support personnel.

• Skilled promoters and a management group with a proven track record of execution.

 

IPO’s Weaknesses

• As the company relies heavily on medical professionals then the loss of doctors, healthcare experts, and other essential workers could negatively impact the commercial and operational outcomes.

• Since its operations are now based in Bharuch and Ankleshwar, Gujarat, any localized social unrest, natural disasters, etc. could negatively impact its financial and operational operations.

• As a boutique hospital, its main area of expertise is interventional cardiac care. Its financial situation and operational outcomes will be greatly impacted by any considerable impact on its earnings from these fields.

• A delay in its patients' or customers' payments could impact its cash flows, which could then affect its financial situation and operational outcomes.

• The capacity to offer healthcare at a reasonable cost is contingent upon maintaining a high patient volume, controlling operating expenses, and managing capital effectively. Any rise in these expenses can harm its operations, finances, and business.

 

Broach Lifecare Hospital IPO GMP Today

Broach Lifecare Hospital IPO GMP today is Rs.0.

IPO Timetable (Tentative)

The IPO is scheduled from August 13 to August 16, 2024, with allotment on August 19, refund initiation on August 20, and listing on August 21, 2024.

Events	Date
IPO Opening Date	August 13, 2024
IPO Closing Date	August 16, 2024
IPO Allotment Date	August 19, 2024
Refund Initiation	August 20, 2024
IPO Listing Date	August 21, 2024

 

Broach Lifecare Hospital IPO Details 

The IPO with a Face Value of Rs.10 per Share is set to start on August 13, 2024, close on August 16, 2024, and offer a total issue size of 1,608,000 Shares (aggregating up to Rs.4.02 Cr) comprising a whole fresh issue size of 1,608,000 Shares (aggregating up to Rs.4.02 Cr).

IPO Opening & Closing date	August 13, 2024 to August 16, 2024
Face Value	Rs.10 per Share
Issue Price	Rs.25
Lot Size	6000 Shares
Issue Size	1,608,000 Shares (totaling up to Rs.4.02 Cr).
Offer for Sale	NA.
Fresh Issue	1,608,000 Shares (totaling up to Rs.4.02 Cr).
Listing at	BSE, SME
Issue Type	Fixed Price Issue IPO
Registrar	Kfin Technologies Ltd.

 

Broach Lifecare Hospital IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (6000 Shares) amounting to Rs.150000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (12000 Shares) amounting to Rs.300000.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
HNI (Min)	2 Lots

 

Broach Lifecare Hospital IPO Reservation

Retail’s Portion	50%
Others’ Portion	50%

 

Promoters And Management of Broach Lifecare Hospital Ltd.

• Dr. Jaykumar Narendra Vyas

• Dr. Shachi Jaykumar Vyas 

• Mrs. Dhyuti Krupesh

Pre-Issue Promoter Shareholding	86.74%
Post-Issue Promoter Shareholding	63.77%

 

 

IPO Lead Managers

• Fedex Securities Pvt Ltd

 

Dividend Policy

The company has not declared dividends since its inception.

 

Conclusion

The company has experienced negative cash flow in operating and investing activities in the last fiscal year. The company has no longer a history of working. To achieve its goals, the company is currently launching an IPO for the general public.
We believe the information offered in this blog helps you learn about the company's financial performance. So this blog will be very useful to you if you are looking for information about the approaching IPO since it will give you reliable data about the company's insights, financials, and past performance. If this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Disclaimer: This IPO analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.

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