PNN Bharuch (Gujarat) [India], August 12: Broach Lifecare Hospital Ltd operating 2 boutique hospitals under the brand name "Maple Hospitals at Bharuch and Ankeleshwar, is planning to raise up to Rs 4.02 crores through its SME IPO. Shares of the company will be listed on the SME platform of BSE Ltd (BSE SME).
The public issue open for subscription on August 13 and closes on August 16. Funds raised through the issue will be used for business operations including purchase of machineries, development of medical tourism web portal. Fedex Securities Limited is the Book Running Lead Manager to the issue.
Company is offering 16.08 lakh Equity shares of Rs 10 each in the price of Rs 25 per share; Company to list on SME Platform of BSE Ltd (BSE SME) The initial public offering of Rs 4.02 crores consist of a fresh issue of 16,08,000 equity shares of Rs 10 each in the price of Rs 25 per share.
Minimum lot size for the application is 6,000 shares which translates in to investment of Rs 1.5 lakh per application. Broach Lifecare Hospital Limited operates boutique hospitals under the brand name "Maple Hospitals".
The company provide dedicated 24 hours services to patients with heart ailments, including non-invasive cardiology services such as 2D Echocardiography, Electrocardiography, Treadmill Test, Holter monitoring, Ambulatory Blood Pressure Measurement, Stress test, and Dobutamine Stress Echocardiography. The Bharuch hospital has 40 ultra-luxury in-patient beds and is equipped with diagno.