Broach Lifecare Hospital Ltd, operating two boutique hospitals under the brand name “Maple Hospitals” at Bharuch and Ankleshwar, is set to raise up to Rs 4.02 crores through its Small and Medium Enterprise (SME) Initial Public Offering (IPO).
Key Details of the IPO:
Issue Open Date: August 13, 2024
Issue Close Date: August 16, 2024
Issue Size: Rs 4.02 crores
IPO Price: Rs 25 per share
Listing: BSE SME platform
Lead Manager: Fedex Securities Limited
The IPO comprises a fresh issue of 16,08,000 equity shares with a face value of Rs 10 each, priced at Rs 25 per share. The funds raised through the IPO will be utilized for business operations, including the purchase of machinery and the development of a medical tourism web portal.
About Broach Lifecare Hospital
Broach Lifecare Hospital is a leading healthcare provider in the region, offering a range of medical services including cardiology, general medicine, and surgery. The company aims to expand its operations and strengthen its market position through the IPO proceeds.
Important Dates
IPO Open Date: Tuesday, August 13, 2024
IPO Close Date: Friday, August 16, 2024
Basis of Allotment: Monday, August 19, 2024
Initiation of Refunds: Tuesday, August 20, 2024
Credit of Shares to Demat: Tuesday, August 20, 2024
Listing Date: Wednesday, August 21, 2024
Cut-off time for UPI mandate confirmation: 5 PM on August 16, 2024
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Investors are advised to conduct their own due diligence before making any investment decisions.