Nephrocare Health Services IPO Sees 12% Subscription on Day 1

• Nephrocare Health Services IPO subscribed 12% on day 1, with retail individual investors (RIIs) at 20% and non-institutional investors (NIIs) at 9%.
• The Rs 871-crore IPO comprises a Rs 353.4 crore fresh issue and a Rs 517.6 crore Offer For Sale (OFS).
• The IPO price band is Rs 438-460 per share, valuing Nephrocare Health Services at over Rs 4,600 crore.
• Fresh issue proceeds will be used for opening new dialysis clinics, debt repayment, and general corporate purposes.
• NephroPlus, with 519 global clinics, including a large one in Tashkent, is set to debut on the stock market on December 17.

Why It Matters: It shows early investor demand for a major dialysis services provider's stock.