Broach Lifecare Hospital’s IPO strategy focuses on expanding facilities and services
Broach Lifecare Hospital IPO: Broach Lifecare Hospital has published that its IPO is going to be floated on the 13 of August 2024 and the period will end on 16 of August 2024. It is a premier healthcare institution providing advanced medical services and patient-centred care. It aims to gather INR 4.02 crore (16,08,000 equity shares) with equity share of INR 10 each and market lot of 6000 shares.
Company Overview
Broach Lifecare Hospital Limited is a chain of hospitals under the name Maple Hospitals. The services offered by the company are round-the-clock services for patients suffering from heart diseases, and the non-cardiac invasive services offered include 2D echocardiography, electrocardiography, treadmill testing, holter monitoring, ambulatory blood pressure measurement, stress testing, and dobutamine stress echocardiography. It has a 25-bed ultra-luxury inpatient hospital that has integrated diagnostic tools for tests and offers exquisite coronary care and other essential life support accessories like an intra-aortic balloon pump machine, a biphasic defibrillator, and ventilators. Its hospitals are accredited under NABH, and they are small primary healthcare facilities. Further, they have their PACS system certified by the Atomic Energy Regulatory Board and a fire safety certificate from relevant authorities for the protection of patients.
Company Strategy
Broach Lifecare Hospital’s IPO strategy focuses on expanding facilities and services, upgrading technology and infrastructure, and attracting top medical talent. The hospital aims to enhance its brand recognition through strategic marketing and partnerships while maintaining financial health by optimizing costs and improving revenue streams. A patient-centric approach is central to their strategy, prioritizing personalized care and better patient outcomes. Additionally, Broach Lifecare plans to build strategic partnerships with other healthcare providers and technology companies to enhance service offerings and remain competitive in the market. Proceeds from the IPO will be used to fund these initiatives, ensuring sustainable growth and high-quality care for patients.
Details on IPO Date and Price Band
| IPO Open: | August 13, 2024 |
| IPO Close: | August 16, 2024 |
| IPO Size: | Approx INR 4.02 Crores (16,08,000 Equity Shares) |
| Face Value: | INR 10 Per Equity Share |
| IPO Price Band: | INR 25 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% |
| QIB Quota: | 0% |
| NII Quota: | 50% |
IPO Objective:
As for the IPO strategy of Broach Lifecare Hospital, the company’s objective is to grow its facilities and services, enhance technology and infrastructure, and acquire talented medical staff. The hospital’s strategic goals include raising brand awareness through effective marketing and establishing partnerships, increasing operational efficiency with a focus on cost optimization and increasing revenues. A patient-centered model forms the basis of their policy as it aims at enhancing the quality of the patient’s outcomes. Moreover, the expansion of alliances with other healthcare facilities and technology firms is an important aspect that Broach Lifecare is going to focus on to develop the range of services and become more competitive in the market. Funds realized from the Initial Public Offering will be used to finance these initiatives. With these initiatives formulated, sustainable sustenance and quality delivery of care to patients will be achieved.
Market Lot Information on Broach Lifecare Hospital IPO
The lot size and corresponding amounts are as follows:
- Retail Minimum: 1 lot (6,000 shares) for INR 1,50,000
- Retail Maximum: 1 lot (6,000 shares) for INR 1,50,000
- S-HNI Minimum: 2 lots (12,000 shares) for INR 3,00,000
Allotment Dates for Broach Lifecare Hospital IPO
Broach Lifecare Hospital IPO open date is August 13 and the IPO close date is August 16. The IPO allotment date is August 19 and the IPO might list on August 21.
| IPO Open Date: | August 13, 2024 |
| IPO Close Date: | August 16, 2024 |
| Basis of Allotment: | August 19, 2024 |
| Refunds: | August 20, 2024 |
| Credit to Demat Account: | August 20, 2024 |
| IPO Listing Date: | August 21, 2024 |
Application Process of IPO
The IPO can be accessed by submitting an application through the online ASBA (Application Supported by Blocked Amount) facility from the bank through ‘Internet banking’, going to ‘Invest’, and applying for the Broach Lifecare Hospital. On the other hand, the IPO forms are also available for download on the NSE and BSE websites which the candidates can fill and submit.
Financial Analysis of Company
| Year | Revenue (Crore) | Expense (Crore) | PAT (Crore) |
| 2024 | INR 2.61 | INR 1.67 | INR 0.70 |
The total revenue for the year 2024 of Broach Lifecare Hospital is INR 2.61 crore, and the expenses incurred are INR 1.67 crore with a profit after tax (PAT) of INR 0.70 crore. This revenue indicates a good income flow from the health care business and the expenses involve salary, medicines, and other essential requirements. The hospital’s PAT comprises about 26.8% of revenue. It shows profitability, effective cost control, ability to generate large revenues and remain profitable, allowing for its future expansion.
IPO Valuation (FY 2024)
The company’s EPS stands at a value of INR 1.92 with Return on Net Worth (RoNW) of 12.75% and a NAV per share of INR 12.26 in the financial year 2024. The IPO price band of INR 25 per share to raise INR 4.02 crore with 16,08,000 equity shares, a face value of INR 10 and lot of 6000 shares to enhance its brand recognition and maintain financial health by optimizing costs and improving revenue streams.
| Earnings Per Share (EPS): | INR 1.92 per Equity Share |
| Price/Earning P/E Ratio: | 13.02 |
| Return on Net Worth (RoNW): | 12.75% |
| Net Asset Value (NAV): | INR 12.26 per Equity Share |
Competitor Analysis
Family Care Hospitals Limited (formerly known as Scandent Imaging Limited)
Family Care Hospitals Limited is a leading healthcare brand with a vision to become a leading provider of integrated, quality healthcare services for its customers. Founded with the goals of improving community health, this hospital provides diagnostics, comprehensive treatments, and emergency services through its modern and fully equipped facilities and modern technologies. Family Care Hospitals Limited employs many highly qualified and empathetic personnel to enhance the quality of care, as well as patient satisfaction rates. Committed to improvement and advancements, the hospital aims to be a benchmark of excellence in healthcare delivery and stewardship in society.
KMC Speciality Hospitals (India) Limited
KMC Specialty Hospitals India Limited is a reputed health care organization providing specialized healthcare services with a strong focus on quality. Set up to deliver one of the most professional healthcare services, the hospital provides a range of specializations, a detailed diagnostic offering and integrated medical services across many fields. KMC Specialty Hospitals is technologically advanced with up-to-date equipment and facilities manned by competent and dedicated medical personnel. The hospital also boasts patient-centeredness in treatment, and they maintain the highest level of care by attending to all the patients’ needs.
Global Longlife Hospital and Research Limited
Global Longlife Hospital and Research Ltd is a healthcare organization that centers on offering excellent healthcare services and research activities such as advanced specialized medical care, sophisticated diagnostic services, highly skilled medical professionals, and a wide variety of services and treatments in nearly all medical specialties. Equipped with efficient infrastructures and utilizing modern technologies of healthcare, Global Longlife Hospital employs doctors and nurses with adequate experience and passion to put the healthcare needs of clients first. It also has a very focused interest in medical research, or looking to develop new treatments and enhance the standard of medical care. This company aims to offer quality medical services and improve healthcare facilities of excellence.
Promoters And Management
- Dr. Jaykumar Narendra Vyas
- Dr. Shachi Jaykumar Vyas
- Mrs. Dhyuti Krupesh
In conclusion, the Broach Lifecare Hospital IPO is more than just a financial endeavor; it is a testament to the hospital’s commitment to excellence and innovation in healthcare. With a clear strategic vision and a robust operational model, Broach Lifecare is poised to make significant strides post-IPO. Investors and stakeholders alike can look forward to the hospital not only achieving new heights in medical care but also delivering substantial value creation in the long run. As the hospital lists on the BSE SME on August 21, 2024, it embarks on a new chapter, promising enhanced healthcare services and greater community impact.
