Nephrocare Health Services IPO closes 14x oversubscribed; GMP 4.35%

• Nephrocare Health Services IPO closed on December 12 with a nearly 14x subscription.
• The IPO received bids for 18.69 crore shares against an offer size of 1.34 crore shares.
• Retail investors subscribed over 2x, NIIs over 24x, and QIBs around 27.5x their allotted portions.
• The IPO aimed to raise Rs 871 crore through a fresh issue and offer for sale.
• Shares are scheduled to list on BSE and NSE on December 17.

Why It Matters: High IPO demand reflects investor sentiment and future market prospects.