Home / Business and Economy / NephroPlus IPO: Dialysis Giant Goes Public Dec 10
NephroPlus IPO: Dialysis Giant Goes Public Dec 10
3 Dec
Summary
- NephroPlus launches its Rs 353 crore IPO on December 10.
- Funds will open new clinics, pay debt, and cover general costs.
- The company operates 519 clinics globally, including in KSA.
NephroPlus, a prominent dialysis services provider, announced its upcoming Initial Public Offering (IPO), scheduled to launch on December 10. This public offering includes a fresh issue of shares valued at over Rs 353 crore.
The company intends to allocate significant portions of the proceeds towards expanding its reach by opening new dialysis clinics across India and also plans to address existing debt. A portion will also be dedicated to general corporate activities, ensuring robust operational management.
With a substantial global footprint, NephroPlus operates 519 clinics, extending its services to the Philippines, Uzbekistan, and Nepal. Notably, it also established a presence in the Saudi Arabian market through a joint venture, underscoring its international growth strategy.
