Nephro Care India aims to raise Rs 35-40 cr via IPO

KOLKATA: Kidney care provider Nephro Care India Ltd on Friday said it aims at raising Rs 35-40 crore through an initial public offering (IPO), the majority of which will be utilised to complete its multi-speciality hospital near Kolkata.

The IPO will comprise a fresh issuance of 45.84 lakh equity shares with a face value of Rs 10 each, said Founder and MD of Nephro Care India, Dr Pratim Sengupta.

“The IPO is scheduled next month on the NSE Emerge platform, and is subject to approvals from the bourse,” Sengupta said.