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Nephro Care seeks funding through IPO; submits draft papers to NSE Emerge, ET HealthWorld

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Nephro Care looks to mop-up funds via IPO; files draft papers with NSE Emerge, ET HealthWorld

Nephro Care India Ltd, a kidney care provider, has filed preliminary papers with NSE Emerge for an Initial Public Offering (IPO) to raise funds for setting up a multispeciality hospital in Kolkata. The IPO will consist of a fresh issuance of 45.84 lakh equity shares. Nephro Care, founded in 2014, plans to use the proceeds to establish Vivacity Multi Speciality Hospital in Madhyamgaram, Kolkata, and for general corporate purposes.

Nephro Care, headquartered in Kolkata, specializes in the treatment of kidney-related diseases and currently operates at its flagship Salt Lake clinic, as well as two satellite clinics in Salt Lake and Chandannagar. The company is also in the process of opening three additional satellite clinics in West Bengal and Odisha. In December 2023, Nephro Care closed a pre-IPO funding round with participation from prominent investors including Deepak Parekh, Bharat Shah, and Rajendra Agarwal.

During the first nine months of FY 2023-24, Nephro Care reported a revenue of Rs 19.90 crore and a profit (PAT) of Rs 3.4 crore. Corporate Capital Ventures is the sole book running lead manager for the IPO, having previously managed several SME IPOs. The company’s expansion plans signal growth in the healthcare sector and a focused approach towards improving kidney care services in the region.

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