New Delhi: The Initial Public Offer (IPO) of Small and Medium Enterprises (SME) seem to be the new flavour in town. This segment of the stock market has attracted a lot of retail traction in the recent past. Investors have multiplied profits in SME IPO investments as recent trends suggest. Seeing the heightened interest, a lot of small companies have offered to issue shares in this segment. The healthcare provider, Nephro Care India Limited had has also offered to issue of shares in the SME IPO segment. The Nephro Care IPO date is from June 28, 2024 to July 02. So far, the stake sale process has got a rousing response in the primary market. In fact, within minutes of the start of the bidding process on day one on June 28, Nephro Care IPO Subscription Status was 100 per cent complete! And Nephro Care IPO GMP today has only shot up. Lets see how much is the Nephro Care IPO GMP today on day two and what is the Nephro Care IPO Subscription Status!
Nephro Care IPO GMP today
Nephro Care IPO GMP today skyrocketed to Rs 120 per share, according to ‘Chanakya Ni Pothi.’ 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 133 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.
Also read: Buy call on InterGlobe Aviation stock
Nephro Care IPO Subscription Status
Nephro Care IPO subscription status reached whopping 15 times its total issue size of Rs 41 crore at 10 am on Monday, July 01, 2024. Retail investors have heavily participated in the bidding process of this SME IPO as well. Nephro Care IPO QIB and NII portions were also oversubscribed.
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 public issue.
Also read: Stocks to buy today
Nephro Care IPO Size
The public issue is entirely a fresh issue of 45.84 lakh equity shares of worth Rs 41 crore. Promoters don’t intend to sale any stake in the healthcare provider company. Hence, the SME 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.
(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 was Rs 120 on July 01, 2024. The Nephro Care IPO Subscription Status reached 15 times the total IPO size of Rs 41 crore on day two of the bidding process. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
