What you must know about Nephro Care India IPO?
by 5paisa Research Team
25 Jun 2024
Nephro Care IPO Details
- Open Date 28-Jun-24
- Close Date 02-Jul-24
- Lot Size 1600
- IPO Size ₹ 41.26 Cr
- IPO Price Range ₹ 85 to ₹ 90
- Min Investment ₹ 144,000
- Listing Exchange NSE SME
- Basis of Allotment 03-Jul-24
- Refunds 04-Jul-24
- Credit to Demat Account 04-Jul-24
- Listing Date 05-Jul-24
Nephro Care IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 28-Jun-24 | 0.09 | 14.08 | 29.98 | 16.73 |
Nephro Care IPO Synopsis
Last Updated: 28th June, 2024 by 5paisa
Nephro Care India IPO is all set to open from 28th June to 2nd July 2024. The company operates as a one-stop treatment center based in Kolkata. The IPO includes a fresh issue of 4,584,000 shares worth ₹41.26 cr. The share allotment date is 3rd July 2024, and the IPO will be listed on 5th July 2024 on the stock exchanges. The price band is ₹85 to ₹90 and the lot size is 1600 shares.
Corporate Capital Ventures Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Nephro Care IPO
Nephro Care India Limited plans to utilize the raised capital from the IPO to:
● To fund the setup of Multi Speciality Hospital – Vivacity Multi Specialty Hospital (unit of Nephro Care) at Kolkata, West Bengal.
● General corporate purposes.
Nephro Care IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 41.26 |
| Offer for sale | - |
| Fresh issue | 41.26 |
Nephro Care IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
Nephro Care IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 0.09 | 8,25,600 | 73,600 | 0.662 |
| NII (HNI) | 14.08 | 6,19,200 | 87,20,000 | 78.480 |
| Retail | 29.98 | 14,44,800 | 4,33,08,800 | 389.779 |
| Total | 16.73 | 31,15,200 | 5,21,02,400 | 468.922 |
Nephro Care IPO Anchor Allocation
| Anchor Bid Date | 27 June, 2024 |
| Total no. of shares offered | 1,238,400 |
| Portion Size for Anchor Investors | 11.15 Cr. |
| Lock in Period for 50% shares (30 days) | 2 August, 2024 |
| Lock in Period for rest of shares (90 days) | 1 October, 2024 |
About Nephro Care
Nephro Care India operates as a one-stop treatment center based in Kolkata. The company provides clinical and lifestyle solutions and services and renal insufficiency treatment. Its range of treatments and services includes the following:
● In-house Dialysis Unit
● Outpatient Services in areas of Nephrology, Diabetology, Cardiology, Ophthalmology and Neurology
● NABL accredited in-house Pathology
● Inhouse Pharmacy
● Advance diagnostic facilities
● Renal Nutrition department
● Home Care 8. Mukti (Lifestyle Support Program)
● Home Dialysis
The company serves 900 Chronic Kidney Disease Patients monthly and has 5+ permanent doctors and 10 visiting consultants in its Salt Lake clinic in Chandannagar, West Bengal.
Peer Comparison
● No listed peers.
For More Information
Webstory on Nephro Care India IPO
Nephro Care Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 17.09 | 3.42 | 1.82 |
| EBITDA | 3.64 | 0.12 | 0.15 |
| PAT | 1.94 | -0.0098 | 0.08 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 8.31 | 4.62 | 1.12 |
| Share Capital | 0.50 | 0.50 | 0.01 |
| Total Borrowings | 5.87 | 4.13 | 1.11 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 4.30 | 0.61 | 0.22 |
| Net cash from / (used in) investing activities | -2.51 | -2.81 | -0.06 |
| Net cash flow from / (used in) financing activities | -0.08 | 2.32 | 0.28 |
| Net increase (decrease) in cash and cash equivalents | 1.70 | 0.13 | 0.44 |
Nephro Care IPO Key Points
-
Strengths
1. The company is bridging the gap between day care and tertiary care services and addresses the unmet needs of the patient.
2. It has a Social Media Powered Community Engagement Model.
3. The company has a strong focus on developing and commercializing new and improved methodologies and formats of service delivery.
4. The ‘Hub-and-spoke’ model with a focus on quality patient care supported by modern infrastructure is a big plus.
5. It has a strong focus on Clinical Research and Innovations.
6. A good track record of operational and financial performance.
7. Experienced promoters and management team.
-
Risks
1. Its business is mainly dependent on the revenues from the flagship Salt Lake clinic.
2. It is also highly dependent on healthcare professionals.
3. Pricing regulations and related government reforms can impact the business.
4. It operates in a highly competitive industry.
5. It has reported negative cash flow in the past.
6. The company has incurred losses in the past.
Nephro Care
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Nephro Care IPO FAQs
When does Nephro Care IPO opens and closes?
Nephro Care IPO opens from 28th June to 2nd July 2024.
What is the size of Nephro Care IPO?
The size of Nephro Care IPO is ₹41.26 cr.
How to apply for Nephro Care IPO?
To apply for Nephro Care IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Nephro Care IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Nephro Care IPO?
The price band of Nephro Care IPO is fixed at ₹85 to ₹90 per share.
What is the minimum lot size and investment required for Nephro Care IPO?
The minimum lot size of Nephro Care IPO is 1600 shares and the investment required is ₹1,36,000.
What is the allotment date of Nephro Care IPO?
The share allotment date of Nephro Care IPO is 3rd July 2024.
What is Nephro Care IPO listing date?
The Nephro Care IPO will be listed on 5th July 2024.
Who are the book runners for Nephro Care IPO?
Corporate Capital Ventures Private Limited is the book-running lead manager for Nephro Care IPO.
What is the objective of Nephro Care IPO?
Nephro Care plans to utilize the raised capital from the IPO to:
● To fund the setup of Multi Speciality Hospital – Vivacity Multi Specialty Hospital (unit of Nephro Care) at Kolkata, West Bengal.
● General corporate purposes.
Contact Details of Nephro Care IPO
Contact Information
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: cs@nephrocareindia.com/
Website: https://www.nephrocareindia.com/
Nephro Care IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Nephro Care IPO Lead Manager
Corporate Capitalventures Pvt Ltd
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