
Nephrocare Health Services
Mainboard₹14,720 / 32 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 12 Dec 2025, 11:12 AM |
| QIBs | 0.30 times |
| NII | 0.44 times |
| Retail | 0.67 times |
| Employee | 1.59 times |
| Total | 0.52 times |
Nephrocare Health Services IPO Details
The Nephrocare Health Services IPO price band is set between ₹438-460 per equity share, with a face value of ₹2 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 10 Dec, 2025 and closes on 12 Dec, 2025. Investors can check the allotment status on 15 Dec, 2025, while the listing date is tentatively scheduled for 17 Dec, 2025.
The total issue size is 1,89,35,819 shares, aggregating up to ₹871.05 crore. Stay tuned for the latest Nephrocare Health Services IPO review and GMP updates.
Nephrocare Health Services IPO Review, Rating & Analysis
Nephrocare Health Services IPO Review
IgnoreNephrocare Health Services IPO Rating
Nephrocare Health Services IPO Highlights
IPO Date
Dec 10, 2025 - Dec 12, 2025
Listing Date
17 Dec, 2025
Face Value
₹2 Per Equity Share
Price Band
₹438-460 per equity share
Lot Size
32 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Nephrocare Health Services IPO Lot Size
The minimum market lot for Nephrocare Health Services IPO is 32 shares with an application amount of ₹14,720. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,720 |
| Retail (Max) | 13 | 416 | ₹1,91,360 |
| S-HNI (Min) | 14 | 448 | ₹2,06,080 |
| S-HNI (Max) | 67 | 2144 | ₹9,86,240 |
| B-HNI (Min) | 68 | 2176 | ₹10,00,960 |
Nephrocare Health Services IPO Timeline
Issue Price
₹438-460 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
ICICI Securities Limited/nAmbit Pvt.LtdIIFL Capital Services Ltd.Nomura Financial Advisory & Securities (India) Pvt.Ltd.Issue Size
1,89,35,819 shares(aggregating up to ₹871.05 crore)Nephrocare Health Services IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Sep-25 | 1193.68 | 483.97 | 14.23 | 716.06 | 704.14 | 207.04 |
| 31-Mar-25 | 996.46 | 769.92 | 67.10 | 594.21 | 578.68 | 225.80 |
| 31-Mar-24 | 806.02 | 574.72 | 35.13 | 423.55 | 408.57 | 243.37 |
| 31-Mar-23 | 666.23 | 443.26 | -11.79 | 384.73 | 383.50 | 196.21 |
In Cr.
Nephrocare Health Services IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor Shares Offered | 5657919 | 29.88% |
| QIB Shares Offered | 3768224 | 19.9% |
| NII (HNI) Shares Offered | 2827843 | 14.93% |
| bNII > ₹10L | 1885229 | 10% |
| sNII < ₹10L | 942614 | 5% |
| Retail Shares Offered | 6598301 | 34.85% |
| Employee Shares Offered | 83532 | 0.44% |
| Total Shares Offered | 18935819 | 100% |
Nephrocare Health Services IPO Documents
Nephrocare Health Services IPO Valuations
EPS Pre IPO
₹/-EPS Post IPO
₹/-PE Pre IPO
-PE Post IPO
-ROE
13.45%ROCE
18.67%Debt Equity
-RoNW
13.19%PAT Margin
8.88%Price to Book Value
7.72Promoters & Share Holding
Promoter(s) Name
- Vikram Vuppala
- Bessemer Venture Partners Trust
- Edoras Investment Holdings Pte. Ltd
- Healthcare Parent Limited
- Investcorp Private Equity Fund II
- Investcorp Growth Opportunity Fund
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 78.90% | 71.49% |
About Company
Nephrocare Health Services Ltd, incorporated in the year 2010, is an end-to-end dialysis care provider through its wide network of clinics across India and select international markets. It offers services such as diagnosis, haemodialysis, home and mobile dialysis, and wellness programs, supported by an in-house pharmacy.
As of March 31, 2025, Nephrocare operated 490 clinics—447 in India and 43 across the Philippines, Uzbekistan, and Nepal. This includes the world’s largest dialysis clinic in Uzbekistan. In India, the company had a presence across 269 cities in 21 States and four Union Territories. Approximately 76.73% of its clinics were located in tier II and tier III cities, addressing a critical need in underserved regions.
In Fiscal 2025, Nephrocare treated 29,281 patients and performed more than 2.88 million dialysis treatments, amounting to approximately 10% of the country's total dialysis patient base. The number of dialysis machines operated by the company increased to 5,068 as of March 2025 from 4,714 in Fiscal 2024 and 3,662 in Fiscal 2023.
Nephrocare has formulated strategic alliances with leading hospital chains like Max Super Speciality Hospital, Fortis Escorts Hospitals, Care Hospitals, Wockhardt Hospitals, Paras Healthcare, The Calcutta Medical Research Institute, Jehangir Hospital, and Ruby Hall Clinic to operate in-house dialysis centers.
As of March 2025, the workforce consisted of 3,230 employees, including both medical and administrative staff working across its clinics and corporate office.
Nephrocare Health Services IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
Day 1 -10-12-25 05:00 PM | 0.00 x | 0.10
0.07 x
0.15 x
| 0.21 x | 0.13 x |
Day 211-12-25 05:00 PM | 0.29 x | 0.23
0.16 x
0.36 x
| 0.47 x | 0.37 x |
Nephrocare Health Services IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| Capital expenditure by the Company for opening new dialysis clinics in India | - |
| Pre-payment, or scheduled repayment, in full or part, of certain borrowings availed by the Company | - |
| General corporate purposes | - |
Company Contact Details
Nephrocare Health Services
5th Floor, D Block, iLabs Centre, Plot 18, Software Units Layout, Survey No. 64, Madhapur, Shaikpet, Hyderabad, Telangana, 500081Registrar Contact Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: nephrocare.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Frequently Asked Questions about Nephrocare Health Services IPO
When will Nephrocare Health Services IPO open for subscription?
The Nephrocare Health Services IPO opens on 10 Dec, 2025 and closes on 12 Dec, 2025.
What is the investors portion for Nephrocare Health Services IPO?
The investors' portion for QIB is 0.29 x, NII is 0.16 x, and Retail is 0.47 x.
How to apply for Nephrocare Health Services IPO?
You can apply for Nephrocare Health Services IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Nephrocare Health Services IPO?
The issue size of Nephrocare Health Services IPO is approx ₹1,89,35,819 shares(aggregating up to ₹871.05 crore) crores.
What is the price band of Nephrocare Health Services IPO?
The price band for Nephrocare Health Services IPO is ₹438 to ₹460 per equity share.
What is the lot size of Nephrocare Health Services IPO?
The minimum bid (lot size) for Nephrocare Health Services IPO is 32 shares with an investment of approx ₹14,720 .
What is the allotment date of Nephrocare Health Services IPO?
The allotment date for Nephrocare Health Services IPO is 15 Dec, 2025.
What is the listing date of Nephrocare Health Services IPO?
The listing date for Nephrocare Health Services IPO is expected to be 17 Dec, 2025.
What is the GMP of Nephrocare Health Services IPO?
The latest Grey Market Premium (GMP) for Nephrocare Health Services IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
