Nephro Care India Limited IPO is set to launch on 28 June, 2024. The company initiated its business operations in the year 2014. It is involved in the business of offering lifestyle and clinical solutions. The company offers a wide range of services including renal insufficiency treatment for patients with lifestyle and clinical solutions. It is based in Kolkata and is supported by expert doctors, skilled management team and experienced paramedic professionals. It offers its services to more than 900 Chronic Kidney disease patients every month. The team consists of 10 visiting consultants, 5 permanent doctors and 70 experienced paramedic professionals. The company has an employee base of 110 people across departments.
Nephro Care India Limited IPO : Key Details
Nephro Care India Limited IPO is set to launch on 28 June, 2024. The subscription timeline extends till 2 July, 2024. The size for the IPO is Rs. 41.26 Crore. The IPO offers fresh issues worth Rs 41.26 Crore. No shares are offered through offer for sale. The lot size is 1600 shares and the price is Rs. 85 to Rs 90 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is BigShare Services Private Limited..
Tabular Description of Nephro Care India Limited IPO
| IPO OPENING DATE | 28 June, 2024 |
| CLOSING DATE FOR IPO | 2 July, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | Rs. 10 per share |
| IPO price band | Rs. 85 to Rs 90 per share |
| LOT SIZE | 1600 shares |
| MINIMUM ORDER QUANTITY | 1600 shares |
| ISSUE SIZE | Rs. 41.26 Crore |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | Rs. 41.26 Crore |
| LISTING AT | NSE SME Board |
| LISTING DATE | 5 July, 2024 |
Nephro Care India Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 28 June, 2024 |
| CLOSING DATE FOR IPO | 2 July, 2024 |
| IPO ALLOTMENT DATE | 3 July, 2024 |
| REFUNDS | 4 July, 2024 |
| DEMAT A/C CREDITED ON | 4 July, 2024 |
| IPO LISTING DATE | 5 July, 2024 |
Nephro Care India Limited IPO begins for subscription from 28 June, 2024. The IPO subscription would continue till 2 July, 2024. The allotment status for the shareholders who applied would come on 3 July, 2024. The refunds for the ones who did not get allotment would be initiated on 4 July, 2024. The DEMAT accounts of shareholders would be credited on 4 July, 2024. The listing of the company would be completed on 5 July, 2024.
Nephro Care India Limited IPO: Lead Managers
The lead managers are :
- Corporate Capital Ventures Private Limited
The minimum and maximum lot size for retail investors is 1600 shares, amounting to Rs. 144000. The minimum lot size for HNI is 3200 shares, amounting to Rs. 288000.
| Lots | Shares | Amount | |
| Retail (Minimum) | 1 | 1600 shares | Rs.144000 |
| Retail (Maximum) | 1 | 1600 shares | Rs.144000 |
| HNI (Minimum) | 2 | 3200 shares | Rs.288000 |
OBJECTIVES FOR THE IPO
- To meet the working capital requirements of the company
- To meet the capital expenditure of the company
- General Corporate Expenses
COMPANY FINANCIALS
| Particularly (in Rs. Lakhs) | 2020-21 | 2021-22 | 2022-23 | |
| Asset | 112 | 462 | 831 | |
| Revenue | 183 | 342 | 1709 | |
| PAT | 8.8 | (-0.98) | 194 |
Nephro Care India Limited had an asset base of 112 Lakh Rs in 2021.This boosted to 462 Lakh Rs in the year 2022. This increased to 831 Lakh Rs in the year 2023. The revenue of the company was 183 Lakh Rs in the year 2021. This increased to 342 Lakh Rs in the year 2022. The revenue of the firm was at 1709 Lakh Rs in the year 2023. The profit of the firm was 8.8 Lakh Rs in the year 2021. In the year 2022 the company suffered a loss of 98000 Rs. The profit of the firm again increased to 194 Lakh Rs in the year 2023.
PROS
- The company offers a wide range of services including renal insufficiency treatment for patients with lifestyle and clinical solutions.
- It is based in Kolkata and is supported by expert doctors, skilled management team and experienced paramedic professionals.
- It offers its services to more than 900 Chronic Kidney disease patients every month. The team consists of 10 visiting consultants, 5 permanent doctors and 70 experienced paramedic professionals.
- The company has an employee base of 110 people across departments.
Nephro Care India Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Nephro Care India Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
