Liquidity Events
Renal care provider Nephrocare Health’s Rs.871-Cr IPO subscribed 14x times
The INR 871.05 crore Initial Public Offering (IPO) of Hyderabad-based renal care provider Nephrocare Health Services was subscribed 14 times. The IPO comprised a fresh issue of 0.77 crore shares amounting to INR 353.40 crore, alongside an offer for sale (OFS) of 1.13 crore shares worth INR 517.64 crore. The IPO's price band was fixed at INR 438-460 per share.The IPO received bids for nearly 18.69 crore shares, as against an offer size of 1.34 crore shares. Retail investors booked their reserved portion more than 2 times. Non Institutional Investors (NII) have subscribed the portion kept for them more than 24 times. Qualified Institutional Buyers (QIB) have booked their allotted quota around 27.5 times.Founded in 2009, Nephrocare Health Services, operating under the brand NephroPlus, is a provider of dialysis care and claims to have a presence in 288 cities across India. It also has a presence in the Philippines, Uzbekistan, and Nepal.
Between Dec 2011 and May 2024, NephroPlus had attracted about USD 209 M from Bessemer, IFC, Trifecta Capital, SeaLink Capital, InvestCorp Group, 360 ONE, ADB, Quadria and others.For FY24, NephroPlus had reported about INR 566 Cr in Operating Income and about INR 35 Cr in PAT.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
