Broach Lifecare Hospital Limited IPO

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Broach Lifecare Hospital Limited specializes in providing dedicated, round-the-clock services for heart patients, encompassing both non-invasive and interventional cardiology. The services include:
i. Non-Invasive Cardiology: 2D Echocardiography, Electrocardiography, Tread Mill Test, Holter monitoring, Ambulatory Blood Pressure Measurement, Stress test, and Dobutamine Stress Echocardiography.
ii. Interventional Cardiology (since June/July 2023): Coronary angiography, stenting, percutaneous coronary intervention (PCI), primary PCI for acute myocardial infarction, balloon mitral valvuloplasty, permanent pacemaker implantation, cardiac resynchronization procedures, implantable cardioverter-defibrillator (AICD) implantation, and procedures for congenital heart ailments.
iii. Diagnostic and Therapeutic Services: Endovascular revascularization, deep vein thrombosis treatment, and peripheral angioplasty.

Facilities
The main hospital in Bharuch is an ultra-luxury 25-bed facility equipped with state-of-the-art diagnostic and treatment devices, including high-end coronary care equipment. The Satellite Hospital in Ankleshwar is a 15-bed nursing home that functions as a referral center, providing essential day-to-day non-surgical treatments.

Both hospitals are certified by the National Accreditation Board for Hospitals & Healthcare Providers (NABH) and possess certifications for PACS System and Fire Safety from local regulatory bodies. Additionally, the company is a member of Globe Bio Care for biomedical waste disposal.

Strategic Advantages
Broach Lifecare Hospital Limited is strategically positioned near the industrial belt of Bharuch and Ankleshwar, facilitating partnerships with public sector undertakings and private companies for employee healthcare services and routine medical check-ups. The company also collaborates with insurance companies to process admissible claims, enhancing patient convenience.

By engaging prominent medical specialists as consultants and adhering to treatment protocols that meet acceptable standards, Broach Lifecare Hospital Limited strives to deliver top-tier medical services at competitive prices, reinforcing its reputation for quality care in the healthcare industry.

Objects of the Broach Lifecare Hospital Limited IPO:

The company proposes to utilize the Net Proceeds from the Issue towards the following objects: i. Purchase of Machineries; ii. Development of Medical Tourism Web Portal; and iii. General Corporate Purpose
DRHP of Broach Lifecare Hospital Limited IPO
RHP of Broach Lifecare Hospital Limited IPO

Broach Lifecare Hospital Limited IPO Details:

Open Date: Aug 13 2024
Close Date: Aug 16 2024
Total Shares: 1,608,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 4.02 Cr.
Lot Size: 6000 Shares
Issue Price: ₹ 25 Per Equity Share
Listing At: BSE SME
Listing Date: Aug 21 2024

Promoters And Management:

Mrs. Dhyuti Krupesh Joshi, aged 45 years, is the Chairman and Non – Executive Director of the Company. She holds a bachelor’s of Ayurvedic Medicine and Surgery degree under the Gujarat Board of Ayurvedic and Unani Systems of Medicine. She has around 5 years of experience in the field of medical and healthcare. Dr. Jaykumar Narendra Vyas, aged 38 years is Managing Director of the Company. He has been associated with the Company since its incorporation as a Director and Promoter. He holds a Bachelor of Medicine and bachelor’s of Surgery degree from Gujarat Medical Council. He also holds diploma of post graduate vocational training (residency training) in cardiology from I.M. Sechenov First Moscow State Medical University. He has around 10 years of experience in the field of cardiology. He is currently responsible for the overall management of the Company. Dr. Shachi Jaykumar Vyas, aged 38 years, is the Whole-time Director of the Company. She has been associated with the Company since its incorporation as a Director. She holds a bachelor’s of medicine and bachelor’s of surgery degree from Gujarat Medical Council. She also holds diploma of post graduate vocational training (residency training) in radiology from I.M. Sechenov First Moscow State Medical University. She has around 10 years of experience in the field of radiology.

Financials of Broach Lifecare Hospital Limited IPO:

Particulars ( In Lakhs )
2024
Revenue from Operations 261
Other Income 0
Total Revenue 261
Cost of services 25
Consumed - Medicines and consumables 44
Employees Benefit Expenses 51
Other Expenses 39
EBITDA 103
OPM (%) 39.37%
Depreciation & Amortisation 9
EBIT 93
Finance Cost 0.1
PBT 93
Tax 24
PAT 70
NPM (%) 26.77%
No.of Shares 60.7
EPS 1.15

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Broach Lifecare Hospital Limited 3 1 1.15 21.8 25 15
Family Care Hospitals Limited 40 13 2.32 3.3 7.59 41
KMC Speciality Hospitals (India) Limited 177 30 1.86 45.7 85.1 1,387
Global Longlife Hospital and Research Limited 14 -2 -2.09 N/A 30.9 32
* All the data is as per FY24.

Recommendation on Broach Lifecare Hospital Limited IPO:

To be updated shortly.

Lead Manager of Broach Lifecare Hospital Limited IPO:

  1. Fedex Securities Limited

Registrar of Broach Lifecare Hospital Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

Broach Lifecare Hospital Limited 501, 5th Floor, Corporate House, above Bharuch Orthopedic Hospital, R K Casta, Bharuch-392001 Phone: +91 94291 87226 Email: info@maplehospital.in Website: https://www.maplehospital.in/

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