Nephrocare Health Services IPO allotment today: How to check status
What's the story
Nephrocare Health Services Ltd. will finalize the share allotment for its initial public offering (IPO) today. The mainboard IPO, which opened for subscription on December 10, was subscribed nearly 14 times by the end of the bidding period on Friday. The ₹871 crore IPO received bids for over 18.69 crore shares against the 1.33 crore shares on offer, resulting in a total subscription of 14.08 times, according to NSE data.
Allotment specifics
IPO allotment details and subscription rates
The Nephrocare Health Services IPO was subscribed 26.82 times in the Qualified Institutional Buyers's (QIBs) category. The retail portion of the IPO was subscribed 2.36 times, while Non-Institutional Investors (NIIs) booked their quota 24.77 times. The IPO consisted of a fresh issue of nearly 77 lakh shares worth ₹353.4 crore and an offer-for-sale portion of 1.13 crore shares worth ₹517.64 crore at a price band of ₹438-₹460 per share with a lot size of 32 shares each.
Fund distribution
IPO proceeds allocation and share allotment process
Nephrocare Health Services plans to use ₹129.1 crore of the IPO proceeds to set up new dialysis clinics in India and ₹136 crore to repay debt. The remaining funds will be used for general corporate purposes. Investors who applied for the IPO can check their share allotment status online on BSE, NSE websites, or Kfin Technologies Ltd's website, the issue's registrar.
Status verification
Steps to check allotment status on BSE and NSE
To check the Nephrocare Health Services IPO allotment status on BSE, visit the IPO allotment page and select 'Equity' under Issue Type. Then, select 'Nephrocare Health Services Ltd' from the dropdown menu under IPO names. Enter your application number or PAN and click on 'Search' to view your share allotment details. For NSE, visit the allotment page and select 'Equity & SME IPO bid details.' Under 'Select Symbol,' click on 'NEPHROPLUS,' enter your application number and PAN, then hit 'Submit.'
Online verification
Allotment status check via KFin Technologies
To check the allotment status through KFin Technologies, visit their website and select 'Nephrocare Health Services Ltd' from the dropdown menu under 'Select IPO.' Enter your Demat Account Number, PAN or IPO Application Number and click on 'Submit' to view your allotment status. Successful bidders are likely to get the shares credited in their Demat accounts by tomorrow. Refunds for unsuccessful applicants will also be processed on the same day.
Market performance
Nephrocare Health Services IPO's gray market premium and listing
The shares of Nephrocare Health are trading at a premium of ₹34.5 in the unlisted market, according to latest reports. However, these are speculative reports and the actual listing price could be different from that of the GMP. The company's shares are likely to debut on NSE and BSE on Wednesday, December 17.