Nephro Care India Limited IPO

Nephro Care India Limited IPO

  • IPO Date28 Jun, 2024 to 02 Jul, 2024
  • Listing Date05 Jul, 2024
  • Face Value₹10 per share
  • Issue Price85 to ₹90 per share
  • Lot Size1600 Shares
  • Minimum Investment₹1,44,000
  • Listing AtNSE SME
  • Total Issue Size45,84,000 Shares
    (aggregating up to ₹41.26 Cr)
  • Fresh Issue45,84,000 Shares
    (aggregating up to ₹41.26 Cr)
  • Offer for Sale-
  • Issue TypeBook Built Issue IPO
  • Share holding pre issue1,19,02,400
  • Shareholding post issue1,64,86,400
IPO Dates

Closing Date

02 Jul, 2024

Initiation of Refunds

04 Jul, 2024

Listing Date

05 Jul, 2024

28 Jun, 2024

Opening Date

03 Jul, 2024

Basis of Allotment

04 Jul, 2024

Credit of Shares

UPI Mandate Expiry Date:02 Jul, 2024

Nephro Care India Limited Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
S-HNI (Min)232002,88,000
S-HNI (Max)---
Retail (Max)116001,44,000
Retail (Min)116001,44,000
B-HNI (Min)---

Nephro Care India Limited Promoter Holding

The company promoter is Dr. Pratim Sengupta.

Pre Issue Share HoldingPost Issue Share Holding
85.02%61.39%

Nephro Care India Limited COMPANY INFORMATION

Nephro Care India IPO is a book built issue of Rs 41.26 crores. The issue is entirely a fresh issue of 45.84 lakh shares. Nephro Care India IPO opens for subscription on June 28, 2024 and closes on July 2, 2024. The allotment for the Nephro Care India IPO is expected to be finalized on Wednesday, July 3, 2024. Nephro Care India IPO will list on NSE SME with tentative listing date fixed as Friday, July 5, 2024. Nephro Care India IPO price band is set at ₹85 to ₹90 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹288,000. Corporate Capitalventures Pvt Ltd is the book running lead manager of the Nephro Care India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Nephro Care India IPO is Ss Corporate Securities. Refer to Nephro Care India IPO RHP for detailed information.

Incorporated in 2014, Nephro Care India Limited is a comprehensive treatment center located in Kolkata, offering a wide range of clinical and lifestyle solutions, as well as renal insufficiency treatment for patients.

Nephro Care is supported by expert doctors, experienced paramedical professionals, and a skilled management team.

Currently, the hospital provides healthcare services to approximately 900 Chronic Kidney Disease patients every month. The hospital has 5 permanent doctors, 10 visiting consultants, and 70 experienced paramedical professionals. These services are delivered from its main Salt Lake clinic, which covers an area of 5,352 square feet, and three satellite clinics located in Salt Lake (HB 113) and Chandannagar, West Bengal.

At present, Nephro Care offers the following services at its clinics:

  • In-house Dialysis Unit
  • Outpatient Services in areas of Nephrology, Diabetology, Cardiology, Ophthalmology and Neurology
  • NABL accredited inhouse Pathology
  • Inhouse Pharmacy
  • Advance diagnostic facilities
  • Renal Nutrition department
  • Home Care
  • Mukti (Lifestyle Support Program)
  • Home Dialysis

As of March 31, 2024 the hospital employs 110 people in various departments.

Nephro Care India Limited IPO Analysis

Introduction to Nephro Care India Limited

Nephro Care India Limited, a prominent player in the nephrology and dialysis care sector, is set to launch its Initial Public Offering (IPO). The IPO aims to raise capital for business expansion and other corporate objectives. The company has received the necessary regulatory approvals and plans to list its shares on the NSE EMERGE platform.

Nephro Care India Limited is launching an Initial Public Offering (IPO) with a fresh issue of 45,84,000 equity shares at a face value of ?10 each. The company aims to be listed on the NSE EMERGE platform, targeting to raise capital for expansion and other corporate needs. Here are the key details:

  • Registered Office: Flat No-1JC-18, 5th Floor Sec-III, Salt Lake Kolkata, West Bengal, India.
  • Promoters: Dr. Pratim Sengupta, Dr. Pritam Sengupta, and Dr. Sutapa Sen.
  • IPO Size: Fresh issue of 45,84,000 equity shares.
  • Price Band: ?85 to ?90 per equity share.
  • Issue Dates:
    • Anchor Investor Bidding Date: June 27, 2024
    • Issue Opens: June 28, 2024
    • Issue Closes: July 2, 2024

Key Details of the IPO

  • Registered Office: Flat No-1JC-18, 5th Floor Sec-III, Salt Lake Kolkata, West Bengal, India.
  • Promoters: Dr. Pratim Sengupta, Dr. Pritam Sengupta, and Dr. Sutapa Sen.
  • IPO Size: Fresh issue of 45,84,000 equity shares.
  • Price Band: ?85 to ?90 per equity share.
  • Issue Dates:
    • Anchor Investor Bidding Date: June 27, 2024
    • Issue Opens: June 28, 2024
    • Issue Closes: July 2, 2024

Advantages of Investing in Nephro Care IPO

Nephro Care India Limited offers several advantages to potential investors:

  • Experienced Promoters: The company's promoters bring a wealth of experience in the healthcare industry, ensuring strong leadership and strategic direction.
  • Market Position: As a significant player in the nephrology and dialysis care sector, Nephro Care is well-positioned to capitalize on the growing demand for these services in India.
  • Growth Potential: With increasing cases of chronic kidney diseases and the rising need for dialysis, the company is poised for significant growth.
  • Regulatory Approval: The company has received in-principal approval from NSE EMERGE for listing, indicating compliance with regulatory norms.

Potential Risks of Investing in Nephro Care IPO

While the IPO presents attractive opportunities, potential investors should consider the following risks:

  • Market Risks: The equity market's volatility means there's no guarantee of sustained trading prices post-listing.
  • High Dependency: The company's reliance on key clients or contracts could pose a risk if there are changes in these relationships.
  • Regulatory Risks: Operating in the healthcare sector, Nephro Care must adhere to stringent regulatory requirements, which can pose challenges.
  • Investment Risk: As with any equity investment, there's a risk of losing the invested capital, and potential investors should evaluate their risk tolerance.

Pros and Cons of Nephro Care India Limited IPO

Pros

  • Experienced Promoters: The promoters have a strong background in the healthcare industry.
  • Market Position: Nephro Care has a significant presence in the nephrology and dialysis care sector.
  • Growth Potential: With the rising demand for dialysis services in India, the company is well-positioned for growth.
  • Regulatory Approval: Received in-principal approval from NSE EMERGE for listing.

Cons

  • Market Risks: The equity market can be volatile, and there is no assurance of sustained trading prices.
  • High Dependency: The company may rely heavily on a few key clients or contracts.
  • Regulatory Risks: Being in the healthcare sector, the company is subject to stringent regulatory norms.
  • Investment Risk: Equity investments come with risks, and there is a possibility of losing the invested amount.

Conclusion

Nephro Care India Limited's IPO offers a compelling investment opportunity with its strong market position, experienced leadership, and growth potential. However, investors should carefully consider the associated risks and conduct thorough due diligence before making an investment decision. The IPO is a significant step for Nephro Care as it aims to expand its footprint in the healthcare industry and enhance its service offerings.

FAQs About Nephro Care India Limited Ipo

Nephro Care India Limited IPO will open on 28 Jun, 2024 and close on 02 Jul, 2024. Investors must apply within this period to participate.

The Nephro Care India Limited IPO price band is set between ₹85.00 and ₹90.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹144000.00.

The Nephro Care India Limited IPO shares are expected to be listed on 05 Jul, 2024, subject to regulatory approvals and final allotment.

You can track your Nephro Care India Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The Nephro Care India Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.