Nephro Care India Targets Rs 35-40 Crore via IPO for Hospital and Expansion

Kidney care specialist Nephro Care India Ltd has announced its plans to raise Rs 35-40 crore through an initial public offering (IPO) next month, primarily to fund the completion of its multi-speciality hospital near Kolkata. The IPO, set to be launched on the NSE Emerge platform, will feature a fresh issuance of 45.84 lakh equity shares, each with a face value of Rs 10, according to Dr. Pratim Sengupta, Founder and Managing Director of Nephro Care India. This move is pending approval from the stock exchange.

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The funds raised from the IPO are earmarked for the establishment of a 100-bed multi-speciality hospital in Madhyamgram, close to Kolkata. Dr. Sengupta revealed that the hospital is scheduled to open its doors on July 1, coinciding with National Doctor's Day. The project, with an estimated cost of Rs 36 crore, includes an internal funding component of about Rs 10 crore.

Post-IPO, the promoter's stake in Nephro Care India is expected to range between 60-65 percent. This strategic financial maneuver aims to bolster the company's infrastructure and service capacity, particularly in kidney care and multi-speciality medical services.

Founded in 2014, Nephro Care India has been at the forefront of providing specialized kidney care services in Eastern India. With three existing kidney care units in West Bengal, the company plans to expand its footprint by opening three more units in the region. This expansion reflects Nephro Care India's commitment to enhancing healthcare accessibility and quality in Eastern India.

The company's financial performance underscores its growth trajectory and operational efficiency. For the first nine months of the fiscal year 2023-24, Nephro Care India reported a revenue of Rs 19.90 crore and a net profit of Rs 3.4 crore. These figures represent a significant improvement over the previous year's revenue of Rs 17.09 crore and net profit of Rs 1.94 crore during the same period.

This IPO initiative by Nephro Care India not only signifies a pivotal step in its expansion strategy but also highlights the growing investment opportunities within India's healthcare sector. As the company prepares to launch its IPO and further its mission of providing specialized medical services, it continues to contribute significantly to the healthcare landscape in Eastern India.