Posted in: Legal/Finance in Uttar Pradesh | Posted: |
Broach Lifecare Hospital, under the brand name Maple Hospitals is launching its SME IPO on August 13, 2024. This fixed-price IPO, valued at ₹4.02 crore, is an exciting investment opportunity in the healthcare sector. Founded in 2023, Broach Lifecare Hospital Ltd. specializes in non-invasive cardiology services such as treadmill testing, electrocardiography, 2D echocardiography, and more. With state-of-the-art facilities, including 25 luxurious in-patient beds, ventilators, defibrillators, and intra-aortic balloon pumps, the hospital offers top-notch cardiac care around the clock.
Key Details of Broach Lifecare Hospital IPO
- IPO Date: August 13-16, 2024
- Listing DateAugust 21, 2024
- Issue Price: ₹25 per Share
- Issue Size: 1,608,000 Shares (₹4.02 Cr)
- Lot Size: 6000 Shares
- Listing At: BSE, SME
- Registrar: Kfin Technologies Ltd.
Company Financial Overview
Broach Lifecare Hospital reported a total revenue of ₹260.58 lac for the period ending March 31, 2024. With total assets amounting to ₹571.62 lac and a net worth of ₹546.92 lac, the company demonstrates solid financial health. However, it has faced negative cash flows in operating and investing activities, highlighting the need for fresh capital to achieve its growth objectives.
Objective of the IPO
The company intends to utilize the net proceeds from the IPO for the acquisition of medical equipment, the creation of a medical tourism website, and for general corporate purposes.
Competitive Analysis and Valuation
The Broach Lifecare Hospital IPO is priced at a P/E ratio of 13.02x, which is lower than the industry average of 14.92x, suggesting a fair valuation for investors. When compared to peers like Family Care Hospitals Ltd. and KMC Speciality Hospitals (India) Ltd., Broach Lifecare’s IPO appears to be an attractive investment, especially for those seeking exposure to the growing healthcare sector in India.
Strengths of Broach Lifecare Hospital IPO
- Clinical Quality: High-quality and accessible medical care.
- Strategic Location:Prime sites in Bharuch and Ankleshwar.
- Robust Empanelment: Ties with multiple insurance companies and TPAs.
- Experienced Team:Skilled promoters and management with a proven track record.
Potential Risks and Weaknesses
- Dependence on Medical Professionals: Loss of key staff could impact operations.
- Geographical Concentration: Limited to Gujarat, making it vulnerable to regional disruptions.
- Niche Focus: Primarily specialized in interventional cardiac care, any downturn in this area could affect financial outcomes.
Broach Lifecare Hospital IPO GMP Today
As of today, the Grey Market Premium (GMP) for Broach Lifecare Hospital IPO is ₹0, indicating a neutral sentiment among investors.
Key Dates and Timetable
- IPO Allotment Date:August 19, 2024
- Refund Initiation:August 20, 2024
- Listing Date:August 21, 2024
Conclusion
The Broach Lifecare Hospital IPO presents a unique opportunity to invest in a growing healthcare provider with a focus on high-quality cardiac care. While the company faces some operational risks, its strategic objectives and fair valuation make it a promising prospect for investors looking to diversify their portfolios with healthcare stocks.
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