Nephrocare Health IPO drops soon: Price band out, opens December 10
Nephrocare Health is launching its IPO from December 10-12, with shares priced between ₹438 and ₹460.
The company hopes to raise ₹353.4 crore to open new dialysis clinics, pay off debt, and cover business expenses.
How the IPO works: Who gets what and when
The offer includes a fresh issue worth ₹353.4 crore plus an Offer For Sale of 1.12 crore shares from existing investors like Investcorp.
Shares are split up—not more than 50% for qualified institutional buyers (QIB), not less than 15% for non-institutional investors (NII), and not less than 35% for retail investors.
Employees have a reserved portion aggregating up to ₹35 million.
Anchor investors get their turn on December 9; final allotments happen on December 15, with refunds initiated and shares credited by December 16.
Trading kicks off on BSE and NSE from December 17.