The initial public offering of Nephrocare Health Services opened for public bidding today, December 10. The maiden issue of the company has been subscribed 7 percent so far on Day 1.

The IPO received bids for over 10 lakh shares, as against an offer size of 1.34 crore shares, according to data on NSE at 1 pm. Retail investors have booked 13 percent of their reserved portion. Non Institutional Investors (NII) have subscribed 4 percent of the portion kept for them. Qualified Institutional Buyers (QIB) are yet to make any substantial bid for the IPO.

Nephrocare Health Services IPO GMP:

Ahead of listing, the unlisted shares of the company were trading flat at the IPO price of Rs 460 per share with zero grey market premium (GMP), according to data on Investorgain and IPO Watch.

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