Nephrocare Health Services IPO: 12% Subscribed on Day 1, GMP Flat

• Nephrocare Health Services IPO was subscribed 12% on its first day (December 10).
• The IPO received bids for nearly 16.59 lakh shares against an offer size of 1.34 crore shares.
• Retail investors subscribed 20% of their portion, while Non-Institutional Investors (NII) subscribed 9%.
• The Grey Market Premium (GMP) for Nephrocare Health Services IPO remained flat at zero premium.
• The IPO, open from December 10-12, aims to raise Rs 871 crore with a price band of Rs 438-460 per share.

Why It Matters: This impacts potential investors' decisions on Nephrocare Health Services IPO.