Nephro Care India files draft red herring prospectus for IPO to raise funds for a new multi-specialty hospital in Kolkata.
Nephro Care India (NCIL), a prominent renal healthcare provider, has filed a draft red herring prospectus to raise funds via an IPO. The IPO includes a fresh issuance of 45.84M shares, aiming to fund a new multi-specialty hospital, 'Vivacity Multi Speciality Hospital', in Madhyamgram, Kolkata, and for general corporate purposes. The company, which offers renal insufficiency treatment and various clinical solutions, reported a revenue of ₹19.90 crore and a profit of ₹3.4 crore for the first nine months of FY 2023-24.
April 16, 2024
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