APN News

Nephro Care India Limited plans to raise Rs. 35-40 crore from SME IPO

 Kolkata  – Nephro Care India Limited (“NCIL” or “The Company”), a leading multi-speciality healthcare provider in East India, today announced its intention to raise approximately ₹35-40 crore through an initial public offering (IPO) on NSE Emerge platform. This strategic move will enable NCIL to expand its operations across India.

Nephro Care was founded in the year 2014 by one of the leading nephrologists in India, Dr. Pratim Sengupta, in Kolkata, with the objective of providing comprehensive medical services for renal patients. With over 20 years of active clinical experience, Dr. Sengupta, has successfully performed more than 1,000 kidney transplants till now and is a pioneer in holistic renal care through a combination of clinical intervention, yoga and lifestyle support. Dr. Sengupta has been awarded the “Bharat Jyoti Award” for meritorious services, outstanding achievement and remarkable role by the India International Friendship Society in 2019. 

Nephro Care India Limited intends to raise approximately Rs. 35 Crore to Rs. 40 Crore, subject to approval from NSE Emerge. The company intends to utilise net proceeds from the IPO to set up a multi-speciality hospital, ‘Vivacity Multi Speciality Hospital’, at Madhyamgaram in Kolkata, West Bengal, and use remaining capital for general corporate purposes. The new hospital will be a unit of Nephro Care India Limited and is proposed to include 100 inpatient beds, including a 30-bed Critical Care unit having ICU, HDU, RTU and NICU facilities. Vivacity will offer treatment services in various disciplines such as cardiology, medical oncology, gastroenterology, gynaecology and many others, including an advanced renal transplant unit in East India.

Key Highlights of the IPO:

Fresh Issuance: The IPO will comprise a fresh issuance of 45.84 lakh equity shares with a face value of ₹10 each.

Book Running Lead Manager: Corporate Capital Ventures Private Limited is the Book Running Lead Manager and Bigshare Services Private Limited is the Registrar to the offer. Corporate Capital Ventures Private Limited completed a string of successful SME IPOs in recent past, including Trust Fintech, Creative Graphics, Alpex Solar, Esconet Technologies, Rockingdeals, Accent Microcell, Oriana Power, Droneacharya and Crayons Advertising, among others.

Financial Performance: NCIL posted a revenue of Rs. 19.90 crore and earned a profit (PAT) of Rs. 3.4 crore during the first nine months of FY 2023-24, compared to a revenue of Rs. 17.09 crore, with a profit (PAT) of Rs. 1.94 crore in FY 2022-23.

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