New Delhi: Small and medium enterprises (SME) IPOs seem to be the new favourites of retail investors. Clearly, they are looking to jump on their bandwagon and catch the stock while it is still available at a relatively low price. Expectations of profit are, of course, very high! We have seen so many SME IPOs get bumper listing on D-Street in the recent past. Another public issue in the SME market that has caught investor attention is Nephro Care SME IPO. The company’s public issue opened on Friday, June 28, 2024 in the primary market. Amazingly, within minutes of the start of the bidding process, Nephro Care IPO subscription status was 100 per cent complete! Now, investors must also be interested in Nephro Care IPO GMP today.
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Nephro Care IPO GMP today
Nephro Care IPO GMP today skyrocketed to Rs 100 per share, according to Chittorgarh. Considering the company’s IPO price band’s upper limit of Rs 85 – Rs 90 and the stock’s current GMP, Nephro Care IPO shares may have listing gains of over 111 per cent on NSE SME index! However, the grey market premium cannot be considered as an official number. Now, lets check Nephro Care IPO subscription status.
Nephro Care IPO Subscription Status
Nephro Care IPO subscription status reached whopping five times its total issue size of Rs 41 crore within two hours of start of the bidding process on Friday, June 28, 2024. Retail investors have heavily participated in the bidding process of this SME IPO as well.
Nephro Care IPO Allotment Date
The expected Nephro Care IPO allotment date is Wednesday, July 03, 2024. IPO allottees can find reflection of shares of the company in their demat account from subsequent day i.e. from July 04, 2024. The refund process for those who wouldn’t get subscriptions would also commence from July 04.
Nephro Care IPO Expected Listing Date
Nephro Care IPO expected listing date is on Friday, July 05, 2024. According to the capital market regulator, Sebi, shares of any company’s IPO should be listed on the exchanges within next three business days of the closing date of the IPO.
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Nephro Care IPO Size
The public issue is entirely a fresh issue of 45.84 lakh number of equity shares of worth Rs 41 crore. Promoters don’t intend to sale any stake in the company. Hence, Nephro Care India Limited IPO doesn’t comprise any Offer For Sale (OFS).
Nephro Care IPO Retail Minimum Investment
Nephro Care IPO Retail Minimum Investment is Rs 1.44 lakh. While, Nephro Care IPO lot size is 1,600 shares. Retail investors will have to apply for 1,600 shares in a single lot and in multiples thereof.
About Nephro Care India Limited
Nephro Care India Limited is ‘a healthcare provider that specializes in the treatment of kidney-related diseases.’ The healthcare service provider enjoys a reputation for treatment of chronic kidney diseases.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Nephro Care IPO GMP today shot up to Rs 100 as the public issue of the healthcare company opened for subscription. Nephro Care IPO Subscription Status was 100 per cent complete within minutes. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
