Nephro Care files draft papers for SME IPO Deepak Parekh is supporting this healthcare company

Nephro Care IPO: Nephro Care India Limited, a company backed by former HDFC Bank chairman and banking sector veteran Deepak Parekh, has also started preparations for IPO. The company has submitted the IPO related documents (DRHP) to NSE Emerge. This healthcare company will launch an IPO in the SME category.

Will build multi specialty hospital with IPO money

According to DRHP, the company will sell 45,84,000 fresh equity shares with face value of Rs 10 through its IPO. Nephro Care said on Tuesday that the money coming from the IPO will be used to build a multi-specialty hospital. This hospital will be built in Madhyamgram of Kolkata, the capital of West Bengal. There will be about 100 beds in this hospital and 30 beds will be in the critical care unit. There will also be facilities of ICU, HDU, RTU and NICU here. Apart from this, this hospital of Nephro Care will provide many types of medical services including cardiology, oncology, gastroenterology. The remaining money will be used by the company to fulfill general corporate objectives.

Pre-IPO funding round was done in December last year

In December last year, this healthcare company had done pre-IPO funding round. Apart from Deepak Parekh, HDFC Securities Chairman Bharat Shah and McLeods Pharma founder and MD Rajendra Aggarwal also participated. The headquarters of the company is in Kolkata. Corporate Capital Ventures has been appointed as the book running lead manager and BigShare Services as the registrar for this IPO.

operating in profit Nephro Care India Limited

Nephro Care was founded in the year 2014 by Dr. Pratim Sengupta. Its main objective was to provide proper treatment to patients suffering from kidney problems. In the first 9 months of the financial year 2023-24, the company's revenue was Rs 19.90 crore and profit after tax was Rs 3.4 crore. In the financial year 2022-23, the company's revenue was Rs 17.09 crore and profit after tax was Rs 1.94 crore.

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