Nephro Care India IPO Review

 
Nephro Care India IPO Review

IPO Open Date: June 28, 2024

IPO Close Date: July 2, 2024

IPO Price: ₹85 to ₹90 per share

Lot Size: 1600 Shares

Listing: July 5, 2024

Nephro Care India is scheduled to hit the market on June 28, 2024 and close on July 02, 2024. Nephro Care India plans to raise around ₹41.26 Cr through an IPO with a sale of up to 4,584,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Nephro Care India, established in 2014 in Kolkata, is a leading treatment center providing a wide array of clinical and lifestyle solutions, specializing in renal insufficiency treatment. With a dedicated team of expert doctors, experienced paramedical professionals, and skilled management staff, the hospital caters to around 900 Chronic Kidney Disease patients monthly. Operating from its main Salt Lake clinic spanning 5,352 square feet, Nephro Care also extends its services through three satellite clinics in Salt Lake (HB 113) and Chandannagar, West Bengal. The hospital's offerings include in-house dialysis, outpatient services in Nephrology, Diabetology, Cardiology, Ophthalmology, and Neurology, NABL-accredited in-house pathology, an in-house pharmacy, advanced diagnostic facilities, a renal nutrition department, home care services, Mukti (Lifestyle Support Program), and home dialysis.

With a workforce of 110 individuals across various departments as of March 31, 2024, Nephro Care continues to uphold its commitment to delivering quality healthcare services. The hospital's comprehensive range of services aims to meet the diverse needs of patients seeking specialized care for renal conditions, ensuring access to advanced treatments, personalized care, and support programs for improved health outcomes.

Nephro Care India


Nephro Care India IPO Details

Nephro Care India IPO opens on June 28, 2024, and closes on July 02, 2024. The Listing date for Nephro Care India IPO is on July 05, 2024. The price band for IPO is ₹85 to ₹90 per share and lot size of 1600 Shares.

IPO DateJune 28, 2024 to July 02, 2024
Listing DateJuly 05, 2024
Price₹85 to ₹90 per share
Lot Size1600 Shares
Issue Size₹41.26 Cr
Face Value₹10 per share

Nephro Care India IPO Tentative Timetable

Nephro Care India opening date is June 28, 2024 and close date is July 02, 2024. The IPO allotment date is July 03, 2024. The refund initiation of IPO is on July 04, 2024. The credit of shares in demat account is on July 04, 2024. The listing date is on July 05, 2024.

EventDate
IPO OpeningJune 28, 2024
IPO ClosingJuly 02, 2024
IPO Allotment DateJuly 03, 2024
Refund InitiationJuly 04, 2024
Shares Credit to DematJuly 04, 2024
Lisiting DateJuly 05, 2024

Nephro Care India IPO Lot Size

Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹144,000).

CategoryLotsSharesAmount
Retail(Minimum)11600₹144,000
Retail(Maximum)11600₹144,000
S-HNI (Minimum)23200₹288,000

Nephro Care India IPO Promoter Holding

Pre Issue Share Holding85.02%
Post Issue Share Holding

Nephro Care India IPO Review

Nephro Care India Limited, established in 2014, is a comprehensive treatment center located in Kolkata that offers a wide range of clinical and lifestyle solutions, particularly focusing on renal insufficiency treatment. Supported by expert doctors, experienced paramedical professionals, and a skilled management team, the hospital provides healthcare services to approximately 900 Chronic Kidney Disease patients monthly. Nephro Care operates from its main Salt Lake clinic and three satellite clinics in West Bengal, offering services such as in-house dialysis, outpatient services in various specialties, an NABL-accredited pathology, an in-house pharmacy, advanced diagnostic facilities, a renal nutrition department, home care, and home dialysis.

Financially, Nephro Care has shown remarkable growth, with a revenue increase of 398.84% and a PAT surge of 19920.41% between FY22 and FY23. As of December 31, 2023, the company's assets stood at ₹2,029.85 lakhs, with revenue of ₹1,989.60 lakhs and a PAT of ₹340.04 lakhs. Key performance indicators such as ROE at 41.57%, ROCE at 36.56%, and a PAT margin of 17.22% highlight the company's strong financial health. However, the high P/E ratio of 55.15 (pre-IPO) and 32.73 (post-IPO) suggests a high valuation, which could pose a risk for potential investors.

Nephro Care’s IPO aims to raise funds for setting up a new multi-specialty hospital named “Vivacity Multi Specialty Hospital” in Kolkata and for general corporate expenses. The company’s robust growth trajectory and expansion plans make it an attractive investment for those looking at medium to long-term gains in the healthcare sector. Nonetheless, potential investors should carefully consider the high valuation and the inherent risks of rapid expansion in a competitive and regulated industry before making their investment decision.

Nephro Care India IPO Subscription Status (Bidding Details)

Table not found

Nephro Care India IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Nephro Care India IPO FAQs

What is Nephro Care India IPO?

Nephro Care India is issuing 4,584,000 equity shares with a face value of ₹10 each, totaling up to ₹41.26 Cr. The shares are being offered at a price of ₹85 to ₹90 each, with a minimum order quantity of 1600 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Nephro Care India IPO will open?

Nephro Care India will open on June 28, 2024 for QIB, NII, and Retail Investors.

When Nephro Care India IPO will end?

Nephro Care India will end on July 02, 2024.

What is Nephro Care India IPO Size?

Nephro Care India IPO size is 41.26 Cr.

What is Nephro Care India IPO Price Band?

Nephro Care India price band is ₹85 to ₹90 per share.

What is the Nephro Care India Steel IPO Allotment Date?

Nephro Care India allotment date is July 03, 2024.

What is the Nephro Care India IPO Listing Date?

Nephro Care India listing date is July 05, 2024. The IPO is to be listed on BSE and NSE.

How to Nephro Care India IPO through Zerodha?

To apply for the IPO “Nephro Care India” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Nephro Care India IPO through Upstox?

To apply for the IPO “Nephro Care India” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Nephro Care India IPO Allotment Status?

For Nephro Care India IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Nephro Care India IPO GMP?

You can check out here: Nephro Care India IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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