The shares of Broach Lifecare Hospital Ltd. had an excellent debut on the BSE SME on August 21, as they were listed at a premium of 90%, or Rs 47.5, over the issue price of Rs 25.
The Rs 4.02-crore IPO was a fresh offering of 16.08 lakh shares priced at Rs 25 per share. Bidding for the shares began on August 13 and ended on August 16. The allocation was finalised on August 19.
The IPO received 159 subscriptions in total. The retail category was oversubscribed 226 times. Retail investors were needed to deposit Rs 1.5 lakh for 6,000 shares, while High Net Worth Individuals (HNIs) had to invest Rs 3 lakh for 12,000 shares. Fedex Securities Pvt Ltd was the book-running lead manager for the IPO, while Kfin Technologies Ltd served as the registrar.
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