Learn how Nephrocare Health Services Ltd’s IPO performed on its opening day, including subscription details, price band, lot size, key timelines, and application steps through ASBA or UPI.
The Nephrocare Health Services Ltd IPO opened for subscription on 10 December 2025, marking the public market debut of a healthcare services provider that operates across the nephrology and renal care segment. The company delivers a range of clinical services including dialysis care, kidney health management, and specialty medical solutions. Its public issue has drawn attention from investors who are tracking India’s expanding demand for accessible chronic-care services.
With an issue size of ₹871.05 Cr and a price band set between ₹438 and ₹460 per share, Nephrocare Health Services aims to raise capital for expansion, technology enhancement, and service capacity strengthening. Its presence across multiple states and focus on speciality care make the IPO relevant to investors seeking exposure to India’s healthcare growth cycle.
Nephrocare Health Services opened with a slow but steady subscription response on Day 1. Early participation was led by retail and other investor categories, while institutional activity remained limited at this stage. The table below outlines the category-wise performance.
The following table summarises the bidding activity recorded as per publicly available exchange data:
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIB) |
N.A. |
| Retail Individual Investors (RII) |
0.17× |
| Non-Institutional Investors (NII) |
0.07× |
| Others |
0.42× |
| Total |
0.11× |
The IPO’s opening-day response reflects cautious investor sentiment typical for healthcare service offerings. Retail participation was modest, and the subscription trajectory may evolve as the bidding window progresses.
The Nephrocare Health Services IPO continued to receive modest bidding activity on Day 2, with overall subscription improving from Day 1 but still below 1× across all categories.
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIB) |
0.30× |
| Retail Individual Investors (RII) |
0.40× |
| Non-Institutional Investors (NII) |
0.17× |
| Others |
1.04× |
| Total |
0.33× |
On Day 2, the Nephrocare IPO reached 0.33× total subscription, with marginal increases across QIB, RII, NII, and Others categories.
The Nephrocare Health Services IPO witnessed a noticeable improvement in subscription levels on its final day, with increased participation across all investor categories, particularly from non-institutional and other investors.
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIB) |
0.31× |
| Retail Individual Investors (RII) |
0.77× |
| Non-Institutional Investors (NII) |
0.89× |
| Others |
1.68× |
| Total |
0.67× |
On the final day, the Nephrocare IPO closed at 0.67× subscription, led by strong participation in the Others and NII categories.
The price band and lot size structure for this IPO is designed to provide accessibility to a wide range of investors while following mainboard norms.
| Particulars | Details |
|---|---|
| Price Band |
₹438 – ₹460 per share |
| Lot Size |
32 shares |
| Minimum Investment (Retail) |
₹14,720 |
| Face Value |
₹2 per share |
| Issue Size |
₹871.05 Cr |
The pricing framework positions the offer within the broader healthcare services sector, balancing valuation expectations with market conditions. The minimum investment requirement remains in line with typical mainboard offerings.
For detailed insights about the company, issue particulars, and the latest updates, visit the Nephrocare Health Services IPO on Bajaj Markets.
The timeline for the Nephrocare Health Services IPO follows a structured sequence from bidding to listing. Investors can refer to the table below for key milestones.
| Event | Date | Details |
|---|---|---|
| IPO Open Date |
10 December 2025 |
Subscription window opens |
| IPO Close Date |
12 December 2025 |
Final day to submit bids |
| Basis of Allotment |
15 December 2025 |
Allotment finalisation |
| Refunds Initiation |
16 December 2025 |
Refunds processed for non-allottees |
| Credit of Shares to Demat |
16 December 2025 |
Shares credited to successful applicants |
| Listing Date |
17 December 2025 |
Expected market debut on NSE & BSE |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Nephrocare Health Services Ltd IPO using either the ASBA facility through your bank or via UPI on broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Nephrocare Health Services Ltd IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Nephrocare Health Services Ltd IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
After allotment, shares will be credited directly to your Demat account.
Check other upcoming ipo here : Upcoming IPO
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
With a Postgraduate degree in Global Financial Markets from the Bombay Stock Exchange Institute, Nupur has over 8 years of experience in the financial markets, specializing in investments, stock market operations, and project management. She has contributed to process improvements, cross-functional initiatives & content development across investment products. She bridges investment strategy with execution, blending content insight, operational efficiency, and collaborative execution to deliver impactful outcomes.
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