Nephro Care India - AstroIPO

Nephro Care India IPO


June 27, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Nephro Care India Ltd., a company in the Hospital & Healthcare Services sector, is set to launch its Initial Public Offering (IPO) from June 28 to July 2, 2024. This small-cap issue aims to raise between Rs. 38.96 – 41.26 crore through a book-building process.

The IPO’s price band is fixed at Rs. 85 – 90 per share, with a face value of Rs. 10. Investors can apply for a minimum of 1600 shares, while the maximum retail subscription is capped at Rs. 5,00,000. The company is offering 45.84 lakh shares to the public.

Nephro Care India Ltd. plans to list on the National Stock Exchange (NSE) on July 5, 2024. The healthcare sector, particularly specialized care like nephrology, has been growing in India due to increasing health awareness and an aging population. Nephro Care India’s focus on this niche could offer exposure to this expanding market.

However, the healthcare industry can be subject to regulatory changes and requires continuous technological upgrades.

Nephro Care India IPO Details

IPO Size 41.26
Price Range ₹85 - ₹90
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE
Minimum Quantity 1600
Investment (cut-off price) ₹144,000
Pre IPO Promotor Holding 85.02%
Post IPO Promotor Holding 61.39%
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Nephro Care India IPO Timelines

28/06/2024
Start Date
02/07/2024
End Date
03/06/2024
Allotment Date View Status
04/07/2024
Refund Initiation
04/07/2024
Credit of Shares to Demat Ac
05/07/2024
Listing Date

Nephro Care India IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 1601 ₹144,000
Retail Maximum 1 1600 ₹144,000
S-HNI Minimum 2 3200 ₹288,000

Nephro Care India IPO Subscription Status

QIB NII Retail EMP Total
0.09 x 13.89 x 29.27 x -- 16.45 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹171 ₹179.55 ₹179.55 ₹171

Nephro Care India IPO Company Financials

Year Total Income Total Expense PAT
FY 2021 ₹1.83 ₹1.71 ₹0.08
FY 2022 ₹3.43 ₹3.43 ₹0.00
FY 2023 ₹17.10 ₹14.38 ₹1.94
FY 2024 (9M) ₹19.90 ₹15.30 ₹3.40

About Company

Nephro Care India, founded in 2014 in Kolkata, offers medical services for renal patients. It is a treatment centre for clinical and lifestyle solutions for renal insufficiency. The treatment framework covers lifestyle, physiological, and spiritual wellness. The clinics use advanced technologies and diagnostic instruments. Currently, Nephro Care serves approximately 900 chronic kidney disease (CKD) patients every month. The team consists of about five permanent doctors, 10 visiting consultants, and 70 experienced paramedical professionals at the flagship clinic at Salt Lake.

Incorporation Date Sector Managing Director
2014 Healthcare Pratim Sengupta

Know Before Investing

Nephro Care India IPO Strengths

  • The company is bridging the gap between day care and tertiary care services and addresses the unmet needs of the patient.
  • It has a Social Media Powered Community Engagement Model.
  • The company has a strong focus on developing and commercializing new and improved methodologies and formats of service delivery.
  • The ‘Hub-and-spoke’ model with a focus on quality patient care supported by modern infrastructure is a big plus.
  • It has a strong focus on Clinical Research and Innovations.
  • A good track record of operational and financial performance.
  • Experienced promoters and management team.

Nephro Care India IPO Risks

  • Its business is mainly dependent on the revenues from the flagship Salt Lake clinic.
  • It is also highly dependent on healthcare professionals.
  • Pricing regulations and related government reforms can impact the business.
  • It operates in a highly competitive industry.
  • It has reported negative cash flow in the past.
  • The company has incurred losses in the past.

Swot Analysis for Nephro Care India IPO

Strengths

Weaknesses

Opportunities

Threats

Contact Details of IXIGO

Nephro Care India Limited Flat No-1JC-18, 5th Floor Sec-III Salt lake Kolkata, Bidhan Nagar Sai Complex, North 24 Parganas -700098 Phone: +91 8017010197 Email: [email protected]/ Websitehttps://www.nephrocareindia.com/

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: [email protected]

Website: https://ipo.bigshareonline.com/ipo_status.html

Company Details

Nephro Care India Limited

Flat No-1JC-18, 5th Floor Sec-III
Salt lake Kolkata, Bidhan Nagar Sai Complex,
North 24 Parganas -700098

Phone: +91 8017010197

Email: [email protected]/

Website: https://www.nephrocareindia.com/

IPO Registar Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: [email protected]

Website: https://ipo.bigshareonline.com/ipo_status.html

FAQs

The key objectives of Nephro Care IPO are:

  • To fund the setup of Multi Speciality Hospital – Vivacity Multi Specialty Hospital (unit of Nephro Care) at Kolkata, West Bengal.
  • General corporate purposes.

Corporate Capital Ventures Pvt Ltd. is the book-running lead managers for the Nephro Care IPO.

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