Asia’s largest dialysis services provider, NephroPlus, is gearing up to launch its Initial Public Offering (IPO) on December 10, 2025. The Hyderabad-based healthcare company, also ranked fifth globally based on the number of treatments performed in Fiscal 2025, will keep the subscription window open until December 12. The price band for the IPO has been fixed between ₹438 and ₹460 per equity share, with eligible employees receiving a special ₹41 per share discount.
The public issue comprises a fresh equity issuance worth ₹353.4 crore, alongside an Offer for Sale (OFS) of 1,12,53,102 equity shares by existing shareholders. The capital raised will strengthen NephroPlus’ long-term expansion and repayment plans. It plans to allocate ₹129.1 crore towards opening new dialysis clinics across India, further enhancing access to critical kidney-care services, while ₹136 crore will go toward loan prepayment or scheduled repayment.
NephroPlus, founded in 2009, has rapidly evolved into India’s largest organized dialysis network, with a wide pan-India presence across 288 cities, 21 states, and four Union Territories. Internationally, the provider operates 519 clinics, including major centres in the Philippines, Uzbekistan, and Nepal. Its 165-bed dialysis clinic in Tashkent, Uzbekistan, is currently the largest standalone dialysis clinic in the world.
The company offers a comprehensive suite of dialysis-related services, including haemodialysis, home haemodialysis, hemodiafiltration, holiday dialysis, and emergency services such as dialysis on call and dialysis on wheels. This multi-format service model positions NephroPlus as a leader committed to improving patient convenience and long-term renal care outcomes.
India’s dialysis services sector continues to expand at a robust pace, valued at USD 818 million in FY24 and projected to surge to nearly USD 1.98 billion by 2029. As chronic kidney disease cases rise nationwide, NephroPlus’ IPO marks a significant milestone in strengthening India’s renal-care ecosystem and meeting the growing demand for high-quality dialysis services.
