Broach Lifecare Hospital Ltd

Broach Lifecare Hospital Ltd IPO

IPO Price Range: ₹25 - 25

Our Company was incorporated as Broach Lifecare Hospital Private Limited pursuant to a certificate of incorporation bearing CIN U86100GJ2023PTC140499 dated April 25, 2023, issued by the Registrar of Companies, Central Registration Centre. Further, in accordance with the main objects, our Company acquired the proprietorship concern of Dr. Jaykumar Narendra Vyas, our Promoter comprising of the Hospitals i.e. Dr. Vyass Heart Hospital and Dr. Vyas Hospital pursuant to a Business Transfer Agreement dated July 17, 2023 (BTA). Thereafter, our Company was converted into a Public Limited Company and the name of our Company was consequently changed to `Broach Lifecare Hospital Limited bearing CIN U86100GJ2023PLC140499 and a fresh Certificate of Incorporation dated November 7, 2023 issued by Registrar of Companies, Ahmedabad.

Min Investment

₹1,50,000

IPO Size

₹4 Cr

IPO Status

Closed

Quantity in 1 Lot

6000

Max Bid allowed

1

Listing Exchange

BSE

IPO Application Timeline of Broach Lifecare Hospital Ltd

Open Date13 Aug 2024
Close Date16 Aug 2024
Allotment Date19 Aug 2024
Listing Date21 Aug 2024

Key Statistics

Bid Opening DateBid Opening Date13 Aug 2024
Bid Closing DateBid Closing Date16 Aug 2024
Allotment DateAllotment Date19 Aug 2024
Issue SizeIssue Size₹4.02Cr
Quantity in 1 lotQuantity in 1 lot6000

Strength and risks

Strength

Strength

  • Clinical Excellence and Affordable Healthcare.

  • Strategic location.

  • Strong empanelment.

  • Ability to attract and retain high quality doctors, consultants and medical support staff.

  • Experienced Promoters, management team with a strong execution track record.


Risk

Risk

  • The Company has been formed specifically for the purpose of acquisition of the business of Dr. Vyass Hospital (proprietorship concern of its Promoter i.e., Dr. Jaykumar Narendra Vyas) thus the company has limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.

  • The company is highly dependent on its doctors and other healthcare professionals, as well as other key personnel and the loss of, or inability to attract or retain, such persons could adversely affect its business and results of operations.

  • The company is significantly dependent on its Promoters, Dr. Jaykumar Narendra Vyas, Dr. Shachi Jaykumar Vyas, and any loss of their services could adversely affect its business and results of operations.

  • Its operations are geographically located in Bharuch and Ankleshwar in Gujarat at present and any localized social unrest, natural calamities, etc. could have material adverse effect on business and financial operations.

  • The company is a boutique hospital, primarily provide services relating to interventional cardiac services. Any material impact on its earnings from these fields will impact the companys financial condition and results of operations significantly.

  • The company derives a significant portion of its revenues from its tie up arrangements with insurance companies, third party administrators and corporations. The loss of any one or more of its major customers would have a material effect on its business operations and profitability.

  • Delay in receipt of payment from its patients / customers may affect its cash flows, which may, in turn affect the companys financial condition and results of operations.

  • Its ability to provide affordable healthcare depends on the maintenance of a high volume of patients, occupancy rates, managing operating and effective capital management. Any increase in such costs could adversely affect its business, financial condition and results of operations.

  • Its failures to compete effectively against existing and new competitors, other multispecialty and/or super specialty hospitals and/or medical practitioners, could adversely affect its market share, business, financial condition, results of operations and prospects.

  • Its industry is highly regulated and requires it to obtain, renew and maintain statutory and regulatory permits, accreditations, licenses and comply with applicable safety, health, environmental, labour and other governmental regulations. Any regulatory changes or violations of such rules and regulations may adversely affect its business, financial condition and results of operations.

Promoters Holding

Investors Holdings %
Jaykumar Narendra Vyas86.72%
Shachi Jaykumar Vyas0.02%
Dhyuti Krupesh Joshi0%

About Broach Lifecare Hospital Ltd

OrganisationBroach Lifecare Hospital Ltd
HeadquartersBharuch
IndustryHealthcare

Frequently Asked Questions

  • What is the size of the Broach Lifecare Hospital Ltd IPO?

    The size of the Broach Lifecare Hospital Ltd IPO is ₹4.02Cr .

  • What is 'pre-apply' for Broach Lifecare Hospital Ltd IPO?

    'Pre-apply' for Broach Lifecare Hospital Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Broach Lifecare Hospital Ltd IPO order be placed?

    Your Broach Lifecare Hospital Ltd IPO order will be placed on 13 Aug 2024.

  • What are the open and close dates of the Broach Lifecare Hospital Ltd IPO?

    The open and close dates of the Broach Lifecare Hospital Ltd IPO are 13 Aug 2024 to 16 Aug 2024.

  • What is the lot size and minimum order quantity of the Broach Lifecare Hospital Ltd IPO?

    The lot size and minimum order quantity of the Broach Lifecare Hospital Ltd IPO are 6000 and 6000 respectively.

  • What would be the listing gains on the Broach Lifecare Hospital Ltd IPO?

    The potential listing gains on the Broach Lifecare Hospital Ltd IPO will depend on various market factors and cannot be predicted with certainty.