NewsIPONephroCare Health Services Files Rs 353 Crore IPO, India's Largest Dialysis Provider Seeks ListingNephroCare Health Services Files Rs 353 Crore IPO, India's Largest Dialysis Provider Seeks Listing
By ScanX News Team
NephroCare Health Services, operating under the NephroPlus brand, has filed draft papers with SEBI for an IPO to raise Rs 353.40 crore through a fresh issue of shares. The IPO includes an offer for sale of up to 1.28 crore shares by existing shareholders and a potential pre-IPO placement of Rs 70.60 crore. Funds will be used for opening new dialysis clinics (Rs 129.10 crore) and debt repayment (Rs 136.00 crore). The company operates 447 clinics across 269 cities in India, serving over 33,000 patients globally, with a reported revenue of Rs 755.80 crore and a profit after tax of Rs 67.00 crore.
*this image is generated using AI for illustrative purposes only.
NephroCare Health Services Ltd., operating under the NephroPlus brand and recognized as India's largest organized dialysis service provider, has taken a significant step towards going public. The company recently filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) aimed at raising Rs 353.40 crore through a fresh issue of shares.
IPO Structure and Details
The IPO structure includes:
- A fresh issue worth Rs 353.40 crore
- An offer for sale (OFS) of up to 1.28 crore shares by existing shareholders
- A potential pre-IPO placement of Rs 70.60 crore
Several promoters, including Investcorp Private Equity Fund II and Healthcare Parent Ltd., are participating in the OFS by selling a portion of their shares. The company plans to list its shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Fund Utilization
NephroCare Health Services has outlined clear objectives for the funds raised through the IPO:
- Rs 129.10 crore for opening new dialysis clinics
- Rs 136.00 crore for debt repayment
This allocation suggests a strategic focus on expansion and strengthening the company's financial position.
Company Profile and Performance
NephroCare Health Services, headquartered in Hyderabad, has established itself as a leader in the dialysis services sector in India. Key highlights include:
- Operation of 447 clinics across 269 cities in 21 states and four Union Territories
- Serving over 33,000 patients globally
- Reported revenue of Rs 755.80 crore
- Profit after tax of Rs 67.00 crore
Market Position
As India's largest organized dialysis service provider, NephroCare Health Services, through its NephroPlus brand, has a significant presence in the healthcare sector. The company's extensive network of clinics and substantial patient base underscore its strong market position.
The IPO filing marks a crucial step for NephroCare Health Services as it seeks to capitalize on its market leadership and expand its services further. Investors and industry observers will be closely watching the developments of this IPO, given the company's prominent position in the specialized healthcare services sector.
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