Nephro Care India's IPO Heavily Oversubscribed, Sets Hospitality Expansion Plans in Motion
The IPO of Nephro Care India was subscribed 715.85 times, with significant participation from institutional investors. The healthcare provider raised Rs 11.14 crore from anchor investors and plans to use part of the proceeds to set up a multi-speciality hospital in Kolkata. Shares will be listed on NSE Emerge.
- Country:
- India
The initial public offering (IPO) of Nephro Care India saw unprecedented interest, being subscribed 715.85 times, majorly driven by institutional investors.
The Rs 41.26 crore IPO garnered bids for 2,23,00,38,400 shares over the 31,15,200 available. Non-institutional investors subscribed 1,787.56 times, while retail investors' quota saw a 634.12 times subscription, according to NSE data.
The Kolkata-based healthcare provider raised Rs 11.14 crore from anchor investors before the IPO. The funds will help establish Vivacity Multi Speciality Hospital in Kolkata, featuring 100 beds and a 30-bed critical care unit. Shares were available in the Rs 85-90 range and will be listed on the NSE Emerge platform.
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