Investors subscribe Nephro Care India IPO by 716 times offer size

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The story "Investors subscribe Nephro Care India IPO by 716 times offer size" was covered 2 days ago by Business Standard, a news publisher based in India.

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Quick Summary:

The initial public offering (IPO) of Nephro Care India was subscribed 715.85 times on Tuesday, helped by heavy participation from institutional investors.The Rs 41.26 crore initial share sale received bids for 2,23,00,38,400 shares against 31,15,200 shares on offer.

The portion for non-institutional investors received 1,787.56 times subscription, the quota for retail individual investors subscribed 634.12 times, as per the NSE data.

Additionally, the quota for qualified institutional buyers received 245.14 times subscription, and employee portion was subscribed 20.44 times, bringing the overall subscription to 715.85 times.