Neuberg readies for IPO in FY28, to seek up to Rs 4,000 cr

Chennai-based diagnostics company Neuberg is preparing for an IPO in FY28, targeting between April and September, with a likely issue size of Rs 3,500 crore to Rs 4,000 crore including a fresh issue and a secondary component for its existing private equity investor. Ahead of the IPO, the company plans to raise around Rs 500 crore in a pre-IPO round over the next three to six months and invest Rs 700-1,000 crore in four to five acquisitions and growth initiatives. The company, which posted gross revenue of Rs 1,400 crore in FY26, is expanding into western India with a preventive health centre in Mumbai and is betting on genomics and advanced pathology as key growth drivers, aiming to become the number two player in Indian diagnostics.