Broach Lifecare Hospital IPO subscribed 159.11x on the third bidding day; retail investors steal the show. Check GMP

The subscription period for the Broach Lifecare Hospital IPO began on Tuesday, August 13, and will end on Friday, August 16. The price band for the offer is ₹25, and each share has a face value of ₹10. Bids for a minimum of 6,000 shares are being taken, and multiples of those shares are available.

Under the name "Maple Hospitals," Broach Lifecare Hospital Limited, which was incorporated in 2023, manages 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 including ventilators, defibrillators, and intra-aortic balloon pumps.

The company's listed peers are Family Care Hospitals Ltd (with a P/E of 3.37), KMC Speciality Hospitals (India) Ltd (with a P/E of 44.26), and Global Longlife Hospital and Research (with a P/E of (14.42)).

Dr. Jaykumar Narendra Vyas, Dr. Shachi Jaykumar Vyas, and Mrs. Dhyuti Krupesh are the company's promoters.

Broach Lifecare Hospital IPO subscription status

Broach Lifecare Hospital IPO subscription status is 159.11 times, on day 3.

The retail portion was subscribed 226.32 times, and NII portion was booked 88.50 times.

The company has received bids for 24,24,78,000 shares against 15,24,000 shares on offer, according to data on chittorgarh.com

Broach Lifecare Hospital IPO subscription status is 8.73 times, on day 1, and the issue has been booked 30.33 times on the second bidding day.

Broach Lifecare Hospital IPO details

The Broach Lifecare Hospital IPO, valued ₹4.02 crore, includes a fresh issuance of 1,608,000 equity shares with a face value of ₹10. There is no "offer for sale" component.

The firm plans to use the net proceeds from the issue for the following purposes: general corporate purposes, the creation of a medical tourism web portal, and the purchase of machinery.

The Broach Lifecare Hospital IPO's book running lead manager is Fedex Securities Pvt Ltd, while the issue's registrar is Kfin Technologies Limited. With the Broach Lifecare Hospital IPO, Aftertrade Broking is the market maker.

Broach Lifecare Hospital IPO GMP today

Broach Lifecare Hospital IPO GMP or grey market premium was ₹0, which meant shares were trading at their issue price of ₹25 with no premium or discount in the grey market according to investorgain.com

'Grey market premium' indicates investors' readiness to pay more than the issue price.

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