Located near Bharuch and Ankleshwar industrial belt in Gujarat, Broach Lifecare Hospital owns boutique hospitals under the brand “Maple Hospitals”. Their area of core competence lies in patients with heart ailments.
Broach Lifecare Hospital IPO details
The IPO will remain open between August 13 and 16, 2024. The management has targeted to mop up Rs 4.02 crore by selling 1,608,000 equity shares.
Size, marketable lot
The price of the share has been fixed at Rs 25. The face value is Rs 10. It is an SME IPO. It will be listed on BSE.
Half of the net offer is reserved for retail investors. The minimum lot comprises 6,000 shares with the corresponding application amount being Rs 1.5 lakh.
Use of IPO proceeds
The proceeds of the IPO will be used for purchasing machinery related to treatment, developing a web portal for medical tourism and other sundry corporate purposes.
The management has stated that these hospitals are certified by the National Accreditation Board for Hospitals & Healthcare Providers (“NABH”) as a primary-level small healthcare organization. The hospitals are also certified by the Atomic Energy Regulatory Board for the PACS System.
Solve Plastic Products IPO details
Solve Plastic Products has three manufacturing units in Kerala and Tamil Nadu. It wants to raise manufacturing capacity by as much as 76% in the Tamil Nadu unit. The IPO proceeds will also be used for meeting working capital needs and other general corporate purposes.
Solve Plastic Products business
The company manufactures uPVC Pipes and Rigid PVC Electrical Conduits. The product portfolio includes Solvent cement, Water tanks, Garden hoses, Rigid PVC electrical cables PVC pipes, etc.
IPO size, details
The target is to raise Rs 11.85 crore by selling 1,302,000 shares. The price has been fixed at Rs 91 for a share of face value of Rs 10.
The retail quota is 50% of the net offer. A minimum application of 1,200 shares will be considered. The corresponding amount comes to Rs 109,200. The listing will take place in NSE SME.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Broach Lifecare Hospital IPO, Solve Plastic IPO: The bidding process for both the IPOs of Broach Lifecare Hospital and Solve Plastic Products is scheduled to open on August 13, 2024. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
