Bookbuilding IPO | ₹41 Cr | Listed at NSE SME | Fri, Jun 28, 2024 - Tue, Jul 2, 2024
Nephro Care IPO is a book build issue of ₹41.26 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹41.26 crore.
Nephro Care IPO bidding started from Jun 28, 2024 and ended on Jul 2, 2024. The allotment for Nephro Care IPO was finalized on Jul 3, 2024. The shares got listed on NSE SME on Jul 5, 2024.
Nephro Care IPO price band is set at ₹90 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,44,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,88,000.
The issue includes a reservation of up to 2,25,600 shares for employees offered at a discount of ₹0.00 to the issue price.
Corporate Capitalventures Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is SS Corporate Securities Ltd..
Refer to Nephro Care IPO RHP for detailed Information.
IPO Open
Fri, Jun 28, 2024
IPO Close
Tue, Jul 2, 2024
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹148.38 Cr
| IPO Date | 28 Jun to 2 Jul, 2024 |
| Listed on | Fri, Jul 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,84,000 shares (agg. up to ₹41 Cr) |
| Reserved for Market Maker | 2,30,400 shares SS Corporate Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 43,53,600 shares (agg. up to ₹39 Cr) |
| Net Offered to Public | 43,53,600 shares (agg. up to ₹39 Cr) |
| Share Holding Pre Issue | 1,19,02,400 shares |
| Share Holding Post Issue | 1,64,86,400 shares |
| NSE Symbol | NEPHROCARE |
| ISIN | INE0SUN01013 |
Nephro Care IPO comprises a total issue size of 45,84,000 shares. The net offer to the public is 41,28,000 shares, after excluding 2,30,400 shares allotted on a firm basis and 2,25,600 shares under a preferential allotment. Of the Net offer 20,64,000 (50.00%) are allocated to QIB, 6,19,200 (15.00%) allocated to NII 14,44,800 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 20,64,000 | 50.00% | 45.03% |
| − Anchor Investor Shares Offered | 12,38,400 | 27.02% | |
| − QIB (Ex. Anchor) Shares Offered | 8,25,600 | 18.01% | |
| NII (HNI) Shares Offered | 6,19,200 | 15.00% | 13.51% |
| Retail Shares Offered | 14,44,800 | 35.00% | 31.52% |
| Preferential Reservations | |||
| Employee Shares Offered | 2,25,600 | 4.92% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,30,400 | 5.03% | |
| Total Shares Offered | 45,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
Nephro Care IPO raises ₹11.15 crore from anchor investors. Nephro Care IPO Anchor bid date is June 27, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jun 27, 2024 |
| Shares Offered | 12,38,400 |
| Anchor Portion (₹ Cr.) | 11.15 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Aug 2, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Oct 1, 2024 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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:
As of March 31, 2024 the hospital employs 110 people in various departments.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 20.30 | 8.31 | 4.63 | 1.13 |
| Total Income | 19.90 | 17.10 | 3.43 | 1.83 |
| Profit After Tax | 3.40 | 1.94 | -0.01 | 0.09 |
| NET Worth | 13.92 | 2.44 | 0.50 | 0.02 |
| Reserves and Surplus | 13.33 | 1.94 | -0.00 | 0.01 |
| Total Borrowing | 2.46 | 2.54 | 0.69 | |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up a Multi Speciality Hospital in the name of “Vivacity Multi Specialty Hospital” (unit of Nephro Care) at Kolkata (Madhyamgaram), West Bengal | 26.15 |
| 2 | General Corporate Expenses | 10.03 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 41.57% |
| ROCE | 36.56% |
| RoNW | 24.42% |
| PAT Margin | 17.22% |
| Price to Book Value | 8.04 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.63 | 2.75 |
| P/E (x) | 55.15 | 32.73 |
| Promoter Holding | 85.02% | 61.39% |
| Market Cap | ₹148.38 Cr. |
The Nephro Care India IPO is subscribed 715.78 times on July 2, 2024 6:19:55 PM (Day 3). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 245.14 | 8,25,600 | 20,23,87,200 |
| NII* | 1,787.19 | 6,19,200 | 1,10,66,25,600 |
| Retail | 634.12 | 14,44,800 | 91,61,77,600 |
| Total | 715.78 | 31,15,200 | 2,22,98,01,600 |
Total Application : 5,72,611
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management Fees | 0.50 |
| 2 | Selling and Distribution Fees | 2.06 |
| 3 | Underwriting Commission | 2.06 |
| 4 | Advertising and marketing expenses | 0.10 |
| 5 | Fees payable to Registrar to the Issue | 0.05 |
| 6 | Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable | 0.01 |
| 7 | Processing fees to the SCSBs and to the Sponsor Banks for ASBA Forms procured by Registered Brokers, RTAs or CDPs | 0.02 |
| 8 | Printing and distribution of issue stationery | 0.02 |
| 9 | Listing fees | 0.01 |
| 10 | NSE Processing | 0.00 |
| 11 | Book Building software fees | 0.04 |
| 12 | Other regulatory expenses | 0.10 |
| 13 | Fees payable to legal counsel | 0.01 |
| 14 | Miscellaneous | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹171.00 |
| Low | ₹171.00 |
| High | ₹179.55 |
| Last Trade | ₹179.55 |
Lead Manager Reports
Nephro Care IPO is a SME IPO of 45,84,000 equity shares of the face value of ₹10 aggregating up to ₹41 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Jun 28, 2024, and closes on Tue, Jul 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 IPO using UPI as a payment gateway. Zerodha customers can apply in Nephro Care IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nephro Care IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nephro Care IPO opens on Fri, Jun 28, 2024 and closes on Tue, Jul 2, 2024.
Nephro Care IPO lot size is 1600, and the minimum amount required for application is ₹1,44,000.
You can apply in Nephro Care IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Nephro Care IPO will be done on Wednesday, July 3, 2024, and the allotted shares will be credited to your demat account by Thu, Jul 4, 2024. Check the Nephro Care IPO allotment status.
The Nephro Care IPO listing date is on Fri, Jul 5, 2024.
