Last updated on August 19, 2024
Broach Lifecare IPO subscription started on 13 August 2024 and will close on 16 August 2024. Broach Lifecare 0 which operates Maple Hospitals – plans to raise INR 4.02 crores via the IPO. The price band is fixed at INR 25 per share. The Broach Lifecare IPO market lot has 6,000 shares and the minimum application amount is INR 1,50,000. The retail quota is 50%, QIB is 35% and NII is 15%.
Check Broach Lifecare IPO subscription status here. The subscription figures are taken from BSE SME and are updated at regular intervals. The public issue has QIB, NII, and Retail categories for the subscription. Here you can find Broach Lifecare IPO subscription status segregated by days and investor categories.
Broach Lifecare IPO Subscription Status – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 7,62,000 | 7,62,000 | 15,24,000 |
| 16 Aug 2024 | 91.96 | 225.35 | 158.66 |
| 14 Aug 2024 | 6.96 | 53.69 | 30.33 |
| 13 Aug 2024 | 1.55 | 15.91 | 8.73 |
The market maker reservation portion of 84,000 shares is not included in the above calculations.
Broach Lifecare – Business Background
Broach Lifecare operates two hospitals under the brand “Maple Hospitals” and provides dedicated round-the-clock services to patients with heart ailments. These services include non-invasive cardiology procedures such as 2D echocardiography, electrocardiography, treadmill testing, Holter monitoring, ambulatory blood pressure measurement, stress testing, and dobutamine stress echocardiography.
The Bharuch Hospital features 25 ultra-luxury in-patient beds and diagnostic devices for various tests. It also provides high-end coronary care and life-saving equipment, including an intra-aortic balloon pump machine, biphasic defibrillators, and ventilators. The company’s hospitals are affiliated with four PSU insurance companies, 15 private insurance companies, and eight third-party administrators (TPAs).
The company serves clients across various sectors, including construction, hospitality, and infrastructure. Some of its notable clients include Ambuja Housing and Urban Infrastructure, Primarc Projects Realty, Larsen & Toubro, ACC India, and Infosys, among others.
Investor Categories in Broach Lifecare IPO Subscription
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The three most important categories of IPO investors defined by SEBI are part of the Broach Lifecare IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
Read Also: Jaipur-based SK Finance IPO out of SEBI abeyance
Broach Lifecare IPO Subscription Status FAQs
When will the subscription for the Broach Lifecare IPO start?
Broach Lifecare IPO is open for subscription from 13 August 2024 to 16 August 2024.
How to subscribe to Broach Lifecare IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When Broach Lifecare IPO will be listed?
Broach Lifecare IPO is scheduled to be listed on 21 August 2024, on BSE SME platform.
