IPO
Nephro Care India’s Rs.41-Cr IPO subscribed 716 times
The initial public offering (IPO) of Kolkata-headquartered Nephro Care India was subscribed 715.85 times. The INR 41.26-crore initial share sale received bids for 2,23,00,38,400 shares against 31,15,200 shares on offer.The portion for non-institutional investors received 1,787.56 times subscription; the quota for retail individual investors was subscribed 634.12 times. The IPO comprises fresh issuance of 45.84 lakh equity shares.The kidney care provider intends to use INR 26.17 crore of the IPO proceeds for setting up a multi-speciality healthcare facility, Vivacity Multi Speciality Hospital, at Madhyamgram near Kolkata.
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