Nephro Care India Ltd, a specialist in kidney care, aims to raise Rs 35-40 crore via an IPO next month. The funds will primarily support the completion of its multi-specialty hospital near Kolkata.
Dr. Pratim Sengupta, the Founder and Managing Director, revealed that the IPO will debut on the NSE Emerge platform, offering 45.84 lakh equity shares at a face value of Rs 10 each. Approval from the stock exchange is pending.
The remaining funds will be allocated for general corporate purposes. The new Nephro Care hospital is set to feature 100 inpatient beds, including a 30-bed critical care unit equipped with ICU, HDU, RTU, and NICU facilities.
Vivacity will provide treatments in cardiology, medical oncology, gastroenterology, gynecology, and a state-of-the-art renal transplant unit, establishing it as the most advanced facility of its kind in East India.
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Features of Nephro Care IPO
Fresh Issuance:
The IPO will feature a fresh issuance of 4.584 million equity shares, each with a face value of Rs. 10.
Book Running Lead Manager:
Bigshare Services is the registrar, and Corporate Capital Ventures is the book running lead manager. Corporate Capital Ventures has successfully managed several SME IPOs, including Trust Fintech, Creative Graphics, Alpex Solar, Esconet Technologies, Rockingdeals, Accent Microcell, Oriana Power, Droneacharya, and Crayons Advertising.
Also Read: SME IPOs This Week: Check Subscription Date, Price Band, and More
Financial Performance:
Nephro Care India Ltd (NCIL) has shown significant financial growth. The company reported a revenue of Rs. 19.90 crore and a profit (PAT) of Rs. 3.4 crore in the first nine months of FY 2023-24, up from a revenue of Rs. 17.09 crore and a profit (PAT) of Rs. 1.94 crore in FY 2022-23.
Nephro Care currently runs three renal care units in Bengal, with three additional units planned for eastern India. By FY26, the company aims to establish approximately 22 daycare units across various regions, including Delhi and Mumbai.
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Disclaimer: The above content is for informational purposes only. Please consult a SEBI-registered investment advisor before investing.
