The price band for the IPO was set between Rs 438 and Rs 460 per share. (Image source: Linkedin/Nephrocare Health Services) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The initial public offering (IPO) of Nephrocare Health Services was oversubscribed 13.96 times on the third and final day of bidding on Dec. 12.

The IPO received bids for 18,68,94,592 shares against 1,33,87,854 offered.

The Qualified Institutional Buyers (QIBs) booked the issue 27.47 times. The Non-Institutional Investors’ (NIIs) category was subscribed 24.27 times. Retail investors booked their quota 2.31 times.

The IPO share allotment status is expected to be finalised on Dec. 15. The company is expected to process refunds for non-allottees on Dec. 16. Shares will be transferred to the Demat account

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