Nephro Care India IPO subscribed nearly 716 times
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New Delhi: Nephro Care India's initial public offering (IPO) was subscribed 715.85 times on Tuesday, largely driven by robust participation from institutional investors.
Non-institutional investors subscribed 1,787.56 times, while retail individual investors subscribed 634.12 times, according to data from the NSE.
The Rs 41.26 crore initial share sale received bids for 2,23,00,38,400 shares against 31,15,200 shares on offer.
Additionally, the quota for qualified institutional buyers received 245.14 times subscription, and employee portion was subscribed 20.44 times, bringing the overall subscription to 715.85 times, as per a PTI report.
The Kolkata-headquartered healthcare provider said on Friday raised Rs 11.14 crore from anchor investors.
The IPO comprises fresh issuance of 45.84 lakh equity shares.
Shares were available for public subscription in the range of Rs 85-90 per scrip.
Read also: Nephrocare India raises Rs 8.08 crore in pre-IPO round
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