Nephrocare Health Services IPO allotment: Steps to check status online and other key details

Nephrocare Health Services Ltd. is scheduled to finalise the allotment of shares for its initial public offering (IPO) on Monday, December 15. The mainboard IPO, which opened for bidding on December 10, was booked nearly 14.08 times on the last day of bidding on Friday.

The ₹871-crore IPO attracted bids for more than 18.69 crore shares against 1.33 crore shares on offer, leading to an overall subscription of 14.08 times, as per the NSE data.

The Nephrocare Health Services IPO was booked 26.82 times in the Qualified Institutional Buyers’ (QIBs) category. Retail portion of the IPO was subscribed 2.36 times, while the Non-Institutional Investors (NIIs) booked their quota 24.77 times.

The IPO comprised a fresh issue of nearly 77 lakh shares, amounting to ₹353.4 crore and an offer-for-sale portion of 1.13 crore shares worth ₹517.64 crore. The price band for the IPO was fixed at ₹438 and ₹460 per share. The IPI lot size comprised 32 shares each.

Nephrocare Health Services has proposed to allocate ₹129.1 crore of the IPO proceeds for opening new dialysis clinics in India and ₹136 crore towards debt repayment. Remaining IPO funds will be used for general corporate purposes.

Applicants who participated in the IPO can view their share allotment details online via the websites of the BSE, NSE, or the official portal of the issue’s registrar, Kfin Technologies Ltd.

Here’s how to check Nephrocare Health Services IPO share allotment on the BSE

Open the IPO allotment page on the BSE site: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
Under Issue Type, choose 'Equity'
Select ‘Nephrocare Health Services Ltd’ from the dropdown menu under IPO names
Fill in your IPO application number or PAN to proceed
Click on ‘Search’ to view your share allotment details

Steps to check Nephrocare Health Services IPO share allotment on the NSE

Visit the NSE IPO allotment page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Select the option 'Equity & SME IPO bid details'
Under ‘Select Symbol’, click on ‘NEPHROPLUS’
Enter your application number and PAN to proceed
Once entered, click on the ‘Submit’ button

Steps to check IPO allotment via KFin Technologies

Go to the link: https://ipostatus.kfintech.com/
Under ‘Select IPO’, click on 'Nephrocare Health Services Ltd' from the dropdown menu
Provide your Demat Account Number, PAN, or IPO Application Number
Click on 'Submit' to view your allotment status

Successful bidders are expected to receive the IPO shares in their Demat accounts on Tuesday, December 16. Refunds for unsuccessful applicants will also be issued on the same day. The company's shares are tentatively scheduled to be listed on the NSE and BSE on Wednesday, December 17.

As of the latest reports from the unlisted market, the shares of Nephrocare Health are trading at a premium of ₹34.5. However, these are speculative reports and the actual listing price could be different from that of the GMP.

Nephrocare Health Services is one of the largest dialysis services companies with a more than 50% market share in the organised dialysis segment.  The company is primarily engaged in offering end-to-end dialysis care through a wide network of clinics across India. It also has a presence in select international markets.