Nephro Care’s IPO is set to open on Friday (June 28, 2024). It will close on Tuesday (2 July, 2024) aiming to raise between Rs 38.96 crore to Rs 41.26 crore, and the price range is set at Rs 85 to Rs 90 per share.
The IPO consists of a fresh issue of 45,84,000 shares, with no offer for sale. The total IPO size is 45,84,000 shares, and the minimum bid (lot size) is 1,600 shares, amounting to Rs 1,44,000.
Each share has a face value of Rs 10. Retail investors are allocated 35% of the shares, and the listing will be on NSE EMERGE.
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About Nephro Care IPO
Founded in 2014 by Dr. Pratim Sengupta in Kolkata, Nephro Care specializes in comprehensive medical services for kidney patients. Today, it serves as a one-stop treatment center in Kolkata, offering a broad spectrum of clinical and lifestyle solutions for renal care.
The center’s approach includes lifestyle, physiological, and spiritual wellness. Nephro Care’s operations are supported by a team of expert doctors, skilled paramedics, and experienced management professionals.
Nephro Care has shown significant financial performance over the past few years. In FY 2021, the company generated a revenue of Rs 18,248 lakhs, with expenses amounting to Rs 17,147 lakhs, resulting in a net income of Rs 887 lakhs.
The following year, FY 2022, saw an increase in revenue to Rs 34,244 lakhs. However, expenses slightly outpaced revenue at Rs 34,268 lakhs, leading to a net loss of Rs 98 lakhs.
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By FY 2023, Nephro Care’s financial health improved substantially, with revenue skyrocketing to Rs 1,70,927 lakhs. Expenses were also higher at Rs 1,43,840 lakhs, but the company achieved a significant net income of Rs 19,424 lakhs.
This upward trend continued into the third quarter of FY 2024, where the revenue further increased to Rs 1,97,514 lakhs and expenses reached Rs 1,53,013 lakhs, resulting in an impressive net income of Rs 34,004 lakhs.
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Disclaimer: The above content is for informational purposes only. Please consult a SEBI-registered investment advisor before investing.
