Nephro Care India IPO Details - IPO Date, Price, GMP, Analysis & Review (2024)

June 28, 2024 - July 2, 2024

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Nephro Care India IPO Details - IPO Date, Price, GMP, Analysis & Review (5)

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 bidding started from June 28, 2024 and ended on July 2, 2024. The allotment for Nephro Care India IPO was finalized on Wednesday, July 3, 2024. The shares got listed on NSE SME on 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.

Nephro Care India IPO Details

IPO DateJune 28, 2024 to July 2, 2024
Listing DateJuly 5, 2024
Face Value₹10 per share
Price Band₹85 to ₹90 per share
Lot Size1600 Shares
Total Issue Size4,584,000 shares
(aggregating up to ₹41.26 Cr)
Fresh Issue4,584,000 shares
(aggregating up to ₹41.26 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue11,902,400
Share holding post issue16,486,400
Market Maker portion230,400 shares
Ss Corporate Securities

Nephro Care India IPO Reservation

Nephro Care India IPO offers 4,584,000 shares. 825,600 (18.01%) to QIB, 619,200 (13.51%) to NII, 1,444,800 (31.52%) to RII and 1,238,400 (27.02%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,238,400 (27.02%)
Market Maker Shares Offered230,400 (5.03%)
QIB Shares Offered825,600 (18.01%)
NII (HNI) Shares Offered619,200 (13.51%)
Retail Shares Offered1,444,800 (31.52%)
Total Shares Offered4,584,000 (100%)

Nephro Care India IPO Anchor Investors Details

Nephro Care India IPO raises Rs 11.15 crore from anchor investors. Nephro Care India IPOAnchor bid date is June 27, 2024.Nephro Care India IPOAnchor Investors list

Bid DateJune 27, 2024
Shares Offered1,238,400
Anchor Portion Size (In Cr.)11.15
Anchor lock-in period end date for 50% shares (30 Days)August 2, 2024
Anchor lock-in period end date for remaining shares (90 Days)October 1, 2024

Nephro Care India IPO Timeline (Tentative Schedule)

Nephro Care India IPO opens on June 28, 2024, and closes on July 2, 2024.

IPO Open DateFriday, June 28, 2024
IPO Close DateTuesday, July 2, 2024
Basis of AllotmentWednesday, July 3, 2024
Initiation of RefundsThursday, July 4, 2024
Credit of Shares to DematThursday, July 4, 2024
Listing DateFriday, July 5, 2024
Cut-off time for UPI mandate confirmation5 PM on July 2, 2024

Nephro Care India IPO Lot Size

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

ApplicationLotsSharesAmount
Retail (Min)11600₹144,000
Retail (Max)11600₹144,000
HNI (Min)23,200₹288,000
Lot Size Calculator

Nephro Care India IPO Promoter Holding

The company promoter is Dr. Pratim Sengupta.

Share Holding Pre Issue85.02%
Share Holding Post Issue61.39%

About Nephro Care India Limited

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 Financial Information (Restated)

Nephro Care India Limited's revenue increased by 398.84% and profit after tax (PAT) rose by 19920.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,029.85831.11462.93112.84
Revenue1,989.601,709.51342.70183.26
Profit After Tax340.04194.24-0.988.87
Net Worth1,392.32243.7649.521.50
Reserves and Surplus1,332.81193.76-0.480.50
Total Borrowing246.39253.7469.27
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Nephro Care India IPO is Rs 148.38 Cr.

KPI as of December 31, 2023.

KPIValues
ROE41.57%
ROCE36.56%
RoNW24.42%
P/BV8.04
PAT Margin (%)17.22

Check Nephro Care India IPO Peer Comparison here.

Pre IPOPost IPO
EPS (Rs) 1.632.75
P/E (x) 55.1532.73

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latestFY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FYearnings of December 31, 2023 that is available in RHP.

Objects of the Issue (Nephro Care India IPO Objectives)

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects

  1. Setting up of Multi Speciality Hospital in the name of "Vivacity Multi Specialty Hospital" (unit of Nephro Care) at Kolkata (Madhyamgaram), West Bengal; and
  2. General Corporate Expenses

Nephro Care India IPO Review (Avoid)

[Dilip Davda] The company is engaged in providing healthcare services with renal insufficiency treatment. It marked inconsistency in its net earnings for the reported periods and the sudden surge in bottom in for 9M-FY24 raise eyebrows and concern over its sustainability going forward. Based on its super annualized FY24 earnings, the issue appears aggressively priced. There is no harm in skipping this pricey bet. Read detail review...

Nephro Care India IPO Subscription Status (Bidding Detail)

The Nephro Care India IPO is subscribed 715.78 times on July 2, 2024 6:19:55 PM. The public issue subscribed 634.12 times in the retail category, 245.14 times in the QIB category, and 1,787.19 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB245.14
NII1,787.19
Retail634.12
Total715.78

Total Application : 572,611 (634.12 times)

Nephro Care India IPO Prospectus

Nephro Care India IPO Rating

2

5.0

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Nephro Care India IPO Listing Details

Listing DateJuly 5, 2024
BSE Script Code
NSE SymbolNEPHROCARE
ISININE0SUN01013
Final Issue Price₹90 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹90.00
₹171.00
₹171.00
₹179.55
₹179.55

Check IPO Performance…

Nephro Care India Limited Contact Details

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 India IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Nephro Care India IPO - Buy or Not

Nephro Care India IPO Recommendation Summary

Review BySubscribeNeutralAvoid
Brokers001
Members100

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Nephro Care India IPO Lead Manager(s)

  1. Corporate Capitalventures Pvt Ltd (Past IPO Performance)

Lead Manager Reports

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  • IPO Lead Manager PerformanceTracker

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Nephro Care India IPO FAQs

Nephro Care India IPO is a SME IPO of 4,584,000 equity shares of the face value of ₹10 aggregating up to ₹41.26 Crores. The issue is priced at ₹85 to ₹90 per share. The minimum order quantity is 1600 Shares.

The IPO opens on June 28, 2024, and closes on July 2, 2024.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Nephro Care India IPO using UPI as a payment gateway. Zerodha customers can apply in Nephro Care India IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Nephro Care India IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Nephro Care India IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Nephro Care India IPO opens on June 28, 2024 and closes on July 2, 2024.

Nephro Care India IPO lot size is 1600 Shares, and the minimum amount required is ₹144,000.

You can apply in Nephro Care India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Nephro Care India IPO will be done on Wednesday, July 3, 2024, and the allotted shares will be credited to your demat account by Thursday, July 4, 2024. Check the Nephro Care India IPO allotment status.

The Nephro Care India IPO listing date is on July 5, 2024.

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