All you need to know before the Indian stocks open for trade on Friday: GIFT Nifty hints quiet start. Nephro Care India will be the first SME IPO to debut after Sebi announced a cap on listing price.
Founded in 2010, NephroPlus currently operates about 450 dialysis centres across three main countries: India, the Philippines, and Uzbekistan
"The transaction will support NephroPlus in serving the growing demand for high quality, affordable dialysis services across India and other markets in Asia," Singapore-headquartered Quadria said
Healthcare provider will use the proceeds to set up a hospital in Kolkata and for general corporate purposes
Nephrocare India, a Kolkata-based comprehensive renal care institution, has raised Rs 8.08 crore in its pre-IPO round paving the way for its expansion plans, the company said on Friday. The funding saw participation from marquee investors, who include former HDFC chairman Deepak Parekh, HDFC Securities chairman Bharat Shah, and founder and MD of Macleods Pharmaceuticals Rajendra Agarwal, it said. The fresh infusion of capital will fuel Nephrocare India's target of establishing 22 high-end kidney care facilities across India by March 2026. Four centres are expected to be operational by the end of the current fiscal, the company said in a statement. Its long-term vision is to establish 300 Nephrocare centres across the country within the next 8-10 years. Highlighting the critical need for such expansion, company officials pointed out the vast demand for kidney care units in India, the statement said. With an estimated seven crore patients struggling with chronic kidney diseases and
Series E round was round led by IIFL Asset Management, with support from existing investors InvestCorp and Bessemer Venture Partners
NephroPlus recently received an investment of $45 million (Rs 323 crore)from Investcorp of Bahrain
NephroPlus' will use the primary capital raised in this round for organic growth in India and to take its business model to other markets, starting with Southeast Asia
The company plans to open 400 more centres in the next five years, primarily through partnership with hospitals
The new infusion of funds will be used to meet the growing need for kidney disease management services in the country, the company said
Touted to be the country's largest dialysis provider network with 75 centres across 15 states