The company is opening three satellite clinics: in Alipurduar and Shyambazar in West Bengal and Balasore in Odisha.

Nephro Care India (NCIL), a Kolkata-based multi-specialty healthcare provider, has filed a draft red herring prospectus (DRHP) with NSE Emerge to raise funds through an initial public offering. The IPO comprises a fresh issuance of 4,584,000 equity shares, each with a face value of Rs 10.

NCIL posted a revenue of Rs 19.90 crore and earned a profit of Rs 3.4 crore in the first nine months of Financial Year 2023-24 (FY24) compared to a revenue of Rs 17.09 crore and a profit of Rs 1.94 crore in FY23.

The company successfully closed its pre-IPO funding round in December 2023, earning the participation of Deepak Parekh, former chairman of HDFC; Bharat Shah, chairman of HDFC Securities; and Rajendra Agarwal, founder and managing director of Macleods Pharmaceuticals, among others. According to the DRHP filing, NCIL will use the net proceeds from the IPO to set up the Vivacity Multi-Specialty Hospital at Madhyamgram in Kolkata and for general corporate purposes.

“The new hospital will be a unit of Nephro Care India and is proposed to include 100 in-patient beds, including a 30-bed critical care unit having intensive care unit, high dependency unit, rapid treatment unit,  and neonatal ICU facilities,” said the company in a statement.

“Vivacity will offer treatment services in various disciplines such as cardiology, medical oncology, gastroenterology, gynaecology and many others, including an advanced renal transplant unit in East India.”

NCIL treats 900 chronic kidney disease (CKD) patients every month. It offers a range of clinical and lifestyle solutions and renal insufficiency treatment to patients. “The company engages over five permanent doctors along with ten visiting consultants, led by 70 experienced professionals at its flagship Salt Lake clinic, which is spread over 5,352 square feet, and two satellite clinics at Salt Lake and Chandannagar, near Kolkata,” NCIL said.

The company is opening three satellite clinics: in Alipurduar and Shyambazar in West Bengal and Balasore in Odisha.

“NCIL’s clinics are operated on a hub-and-spoke model, where each clinic is independent and individually well-equipped with skilled healthcare professionals and advanced infrastructure to serve the healthcare needs of the patients and ensure their rehabilitation,” said the company.

First Published: Apr 16 2024 | 2:39 PM IST

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