Broach Lifecare Hospital IPO allotment: Here’s how to check the status on Kfintech, BSE

Broach Lifecare Hospital IPO allotment status is expected to be finalised on Monday, August 19. The BSE SME IPO was booked 159.16 times led by a strong retail demand during the three-day bidding window ending on Friday, August 16. The company received bids for 24.25 crore shares against 15.24 lakh shares on offer.

The retail category was subscribed 226.32 times and the Non-Institutional Investors (NIIs) portion was booked 88.61 times. Qualified Institutional Buyers (QIBs) placed bids for 25.8 lakh shares.

Investors can check Broach Lifecare Hospital IPO share allotment status on the websites of BSE and the issue’s registrar Kfin Technologies Limited.

• Go to the BSE website (https://www.bseindia.com)
• Choose ‘Investor Relations’ and go to public issues
• elect on Application Status (https://www.bseindia.com/investors/appli_check.aspx)
• Select ‘Broach Lifecare Hospital’ from the list
• Type in PAN details or application number
• Click on the ‘Submit’ button

• Go to the official website of the IPO registrar, Kfin Technologies, at https://www.kfintech.com/
• Choose the 'IPO Allotment Status' option
• Select any one of the 5 server links displayed on the screen
• On the new page that has opened; go to the 'IPO Allotment Status' section
• Select ‘Broach Lifecare Hospital’ from the dropdown list
• Enter any one of these- Application Number/Demat Account/PAN.
• Enter the captcha and submit.

After share allotment, refunds will be initiated for non-allottees and successful bidders will receive shares of Broach Lifecare Hospital in their demat accounts on Tuesday, August 20. Broach Lifecare Hospital IPO’s tentative listing date is Wednesday, August 21.

Broach Lifecare Hospital: Offer size, price band

Broach Lifecare Hospital IPO, worth ₹4.02 crore, comprises an entirely fresh issue of 16.08 lakh shares.

Broach Lifecare Hospital IPO: Price band, lot size

The Broach Lifecare Hospital IPO price band was fixed at ₹25 per share. The minimum lot size for retail investors was 6000 shares, totalling an investment of ₹1,50,000.

Broach Lifecare Hospital IPO objective

The company intends to utilise the net proceeds from the IPO for several key initiatives, including acquiring new machinery, developing a medical tourism web portal, and addressing other general corporate needs.

About Broach Lifecare Hospital

Broach Lifecare Hospital was incorporated in 2023. The company operates boutique hospitals under the brand name Maple Hospitals. Its hospitals are affiliated with 4 PSU insurance companies, 15 private insurance companies, and 8 third-party administrators (TPAs).