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regular-article-logo Sunday, 16 June 2024

Nephro Care plans to inaugurate 100-plus bed multispecialty hospital in Bengal

The company plans to raise ₹35-40 crore through its maiden offer and list itself on the NSE Emerge platform. The IPO could come up next month

A Staff Reporter Published 25.05.24, 06:35 AM
Representational image.

Representational image. File Photo

Nephro Care India Limited, in which former HDFC chairman Deepak Parekh and former HDFC Securities chairman Bharat Shah are investors, is looking to inaugurate a 100-plus bed multispecialty hospital in Bengal in June.

The company plans to raise 35-40 crore through its maiden offer and list itself on the NSE Emerge platform. The IPO could come up next month.

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“The draft prospectus has been filed and queries from the NSE have been answered. The permission is expected early next month and thereafter we will go for the public issue,” said nephrologist Pratim Sengupta, who had founded Nephro Care in 2014.

“A portion of the IPO funds would be used to develop the hospital at Madhyamgram, which will also offer treatment services in various disciplines,” Sengupta said on Friday.

Nephro Care currently operates three renal care units in Bengal and three more are in the pipeline in eastern India. By FY26, around 22 daycare units are also expected in different parts of the country, including in Delhi and Mumbai.

“At present, if there is a requirement for our patients at the day care units to be admitted, then we have to depend on other hospitals. Once our own hospital will be operational we would be able to offer even better patient care,” he said.

The company in December 2023 had raised around 8 crore through a private placement. Post issue, the promoter stake in the company could be around 60-65 per cent.

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