Nephro Care India IPO Allotment Today: The share allotment of the initial public offering of Nephro Care India Ltd is going to be finalised today, July 3. Investors will start receiving bank debit messages once they are allotted shares, by the evening. The IPO allotment status can be checked Bigshare Services’ portal.
The Nephro Care India IPO, which was open for public subscription between June 28 and July 2, received a blockbuster response from investors, receiving a whopping 715.78 times subscription, garnering bids for 2,22,98,01,600 shares as against 31,15,200 shares on offer.
The retail category received a 634.12 times subscription, while the non-institutional investor (NII) category got an 1,787.19 times subscription. The QIB category received a 245.14 times subscription.
As the Nephro Care India IPO allotment is going to be finalised today, the listing will take place on the NSE SME on July 5.
Nephro Care India IPO: How To Check Allotment Status
Step 1: Visit Bigshare Services Pvt Ltd’s portal
Step 2: Select IPO Name ‘Nephro Care India Limited’ from the drop-down menu
Step 3: In the ‘Selection Type’ drop-down, choose any one among — ‘application number/ CAF number’, ‘beneficiary id’ or ‘PAN number’.
Step 4: Enter PAN number, application number or beneficiary id
Step 5: Enter Captcha
Step 6: Click on ‘Search’ Button
Now, your Nephro Care India IPO allotment status will be displayed on the screen.
Nephro Care India IPO GMP Today
According to market observers, unlisted shares of Nephro Care India Limited are trading Rs 180 higher in the grey market as compared with its issue price. The Rs 180 grey market premium or GMP means the grey market is expecting a whopping 200 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
The price band of the Nephro Care India IPO was fixed at Rs 85-Rs 90 per share.
Nephro Care India IPO: More Details
The Nephro Care India IPO is entirely a fresh issue of 45.84 lakh shares. Its price band was fixed at Rs 85 to Rs 90 per share.
Investors need to apply for a minimum of 1,600 equity shares and in multiples thereof. Hence, the minimum investment by retail investors would be Rs 1,44,000 (1,600 (lot size) x Rs 90 (upper price band)).
The company intends to utilise the proceeds towards setting up of multi speciality hospital in the name of ‘Vivacity Multi Specialty Hospital’ (unit of Nephro Care) at Kolkata (Madhyamgaram), West Bengal; and for general corporate expenses.
Nephro Care India Ltd, founded in 2014, is a comprehensive treatment centre located in Kolkata, offering a wide range of clinical and lifestyle solutions, as well as renal insufficiency treatment for patients. Nephro Care is supported by expert doctors, experienced paramedical professionals, and a skilled management team.
Corporate Capitalventures Pvt Ltd is the book running lead manager of the Nephro Care India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Nephro Care India IPO is Ss Corporate Securities.
Nephro Care India’s revenue rose 398.84 per cent and profit after tax (PAT) increased 19,920.41 per cent between the financial year ending with March 31, 2023 and March 31, 2022.
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