Plans to expand its activities in India and overseas
Neuberg Diagnostics intends to raise Rs 1,500 crores through an IPO to expand its activities in India and overseas. The diagnostic chain has appointed Kotak Investment Advisors and ICICI Securities as investment bankers to handle the IPO. The diagnostics chain is headed by healthcare veteran GSK Velu.
With more than 150 laboratories and more than 2,000 collection centres, Neuberg Diagnostics is one of the top pathology laboratory chain organisations in India. The US, South Africa, and the UAE all have it as well.
The business has been preparing for an IPO for some time as it looks to grow its activities. Velu, chairman of Neuberg Diagnostics, has stated in an interview that the company intends to go public by the end of the current fiscal year or in the first quarter of FY24.
