India, May 25 -- Nephro Care India, a leading multi-speciality healthcare provider in East India, is planning to raise Rs 35-40 crore through an initial public offering (IPO), subject to NSE Emerge approval. This strategic move will allow Nephro Care to expand its operations across India.

The company plans to use the net proceeds from the IPO to establish a multi-speciality hospital named 'Vivacity Multi Speciality Hospital' in Madhyamgram, Kolkata, West Bengal.

The remaining capital will be used for general corporate purposes. The new hospital, a unit of Nephro Care, will reportedly include 100 inpatient beds, including a 30-bed critical care unit with ICU, HDU, RTU, and NICU facilities. Vivacity will offer treatment services in variou...