Nephrocare Health IPO Subscription Status
Nephrocare Health IPO closed on 12 December 2025 with an overall subscription of 14.08x based on shares applied. QIB demand came in at 26.82x, NII at 24.77x, and retail at 2.35x.
Allotment will be finalised on 15 December 2025. The stock is scheduled to list on NSE and BSE on 17 December 2025.
Issue Price
Rs 460.00
GMP Today
Rs 37.00 (+8.04%)
Overall Subscription
14.08x
Issue Size
₹871.05 Cr
Allotment Date
15 Dec 2025
Listing Date
17 Dec 2025
Nephrocare Health IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 460.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 173.34 Cr | Rs 4,649.18 Cr | 26.82x |
| FII | - | Rs 1,237.50 Cr | - |
| DFI | - | Rs 880.28 Cr | - |
| Mutual Funds | - | Rs 882.04 Cr | - |
| Other | - | Rs 1,649.35 Cr | - |
| NII | Rs 130.08 Cr | Rs 3,222.35 Cr | 24.77x |
| bNII (above Rs 10L) | Rs 86.72 Cr | Rs 2,638.84 Cr | 30.43x |
| Corporate | - | Rs 38.83 Cr | - |
| Individual | - | Rs 2,488.13 Cr | - |
| Other | - | Rs 111.88 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 43.36 Cr | Rs 583.51 Cr | 13.46x |
| Corporate | - | Rs 72.86 L | - |
| Individual | - | Rs 559.80 Cr | - |
| Other | - | Rs 22.98 Cr | - |
| Retail | Rs 303.52 Cr | Rs 714.76 Cr | 2.35x |
| Cut-off price | - | Rs 588.49 Cr | - |
| Fixed price | - | Rs 126.27 Cr | - |
| Employee | Rs 3.84 Cr | Rs 10.82 Cr | 2.81x |
| Cut-off price | - | Rs 8.29 Cr | - |
| Fixed price | - | Rs 2.53 Cr | - |
| Total | Rs 610.78 Cr | Rs 8,597.10 Cr | 14.08x |
Nephrocare Health IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 37,68,224 | 265 | 0.00x |
| FII | - | 25 | - |
| DFI | - | 21 | - |
| Mutual Funds | - | 66 | - |
| Other | - | 153 | - |
| NII | 6,312 | 53,403 | 8.46x |
| bNII (above Rs 10L) | 4,208 | 25,721 | 6.11x |
| Corporate | - | 350 | - |
| Individual | - | 24,262 | - |
| Other | - | 1,109 | - |
| sNII (Rs 2L to Rs 10L) | 2,104 | 27,682 | 13.16x |
| Corporate | - | 30 | - |
| Individual | - | 26,555 | - |
| Other | - | 1,097 | - |
| Retail | 2,06,197 | 4,02,091 | 1.95x |
| Cut-off price | - | 3,29,147 | - |
| Fixed price | - | 72,944 | - |
| Employee | 2,610 | 3,770 | 1.44x |
| Cut-off price | - | 3,345 | - |
| Fixed price | - | 425 | - |
| Total | 39,83,343 | 4,59,529 | 0.12x |
What Do These Subscription Numbers Mean?
A subscription of 14.08x by shares means the IPO received bids for 14 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 26.82x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 26.82x, it reflects serious institutional conviction.
NII at 8.46x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 6.11x and sNII at 13.16x by applications. Share subscription was 24.77x. Allotment uses application count, not share volume.
At 1.95x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~51% per application). Retail allotment is done by lottery when oversubscribed.
At 1.44x subscription by applications, approximately 1 in 1 employee applicants can expect an allotment (~69% per application). Employee reservation uses the same lottery logic as retail when oversubscribed.
Nephrocare Health IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 1.95x.
- •Allotment odds: about 1 in 2 (~51% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 13.16x.
- •Allotment odds: about 1 in 13 for a minimum-lot application (~8% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 6.11x.
- •Allotment odds: about 1 in 6 for a minimum-lot application (~16% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 30.43x. Allotment uses application count, not share volume.
Check the Nephrocare Health IPO Allotment Status page from 15 December 2025 for your allotment result.
Nephrocare Health IPO GMP After Subscription
GMP for Nephrocare Health IPO stands at Rs 37.00 today, giving an estimated listing price of Rs 497.00 per share.
A subscription of 14.08x combined with a GMP of 8.04% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Nephrocare Health IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Nephrocare Health IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 10 Dec 2025 | 0.00x | 0.10x | 0.21x | 0.13x |
| Day 2 - 11 Dec 2025 | 0.29x | 0.23x | 0.47x | 0.37x |
| Day 3 - 12 Dec 2025 | 26.82x | 24.77x | 2.36x | 14.08x |
Nephrocare Health IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 10 December 2025 |
| IPO Close Date | 12 December 2025 |
| Allotment Date | 15 December 2025 |
| Refund Initiation | 16 December 2025 |
| Share Credit to Demat | 16 December 2025 |
| Listing Date | 17 December 2025 |
| Minimum Investment | Rs 14,720.00 |
| Lot Size | 32 shares |
About Nephrocare Health IPO
Nephrocare Health Services Ltd. , founded in 2010, is India’s and Asia’s largest dialysis chain, providing complete dialysis care, including haemodialysis, home/mobile dialysis, and wellness programs. The company operates 519 clinics globally (51 internationally) and approximately 78% of its Indian clinics are located in Tier II and III cities.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Nephrocare Health IPO Subscription FAQs
What is Nephrocare Health IPO IPO subscription status today?
Nephrocare Health IPO IPO subscription closed on 12 December 2025 with overall subscription of 14.08x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 26.82x, NII 8.46x, Retail 1.95x.
What is the overall subscription of Nephrocare Health IPO IPO?
Nephrocare Health IPO IPO is subscribed 14.08x overall by shares at close on 12 December 2025. QIB 26.82x, NII 8.46x, and Retail 1.95x.
What is Nephrocare Health IPO IPO QIB subscription?
Nephrocare Health IPO IPO QIB (Qualified Institutional Buyers) subscription is 26.82x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Nephrocare Health IPO IPO Retail subscription?
Nephrocare Health IPO IPO Retail subscription is 1.95x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Nephrocare Health IPO IPO NII subscription?
Nephrocare Health IPO IPO NII (Non-Institutional Investors) subscription is 8.46x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Nephrocare Health IPO IPO for retail?
At 1.95x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~51% per application). Allotment is done by lottery.
When is Nephrocare Health IPO IPO allotment date?
Nephrocare Health IPO IPO allotment date is 15 December 2025. Check Nephrocare Health IPO Allotment Status on IPOwiz from that day using your PAN.
When does Nephrocare Health IPO IPO subscription close?
Nephrocare Health IPO IPO subscription closed on 12 December 2025. No new applications are accepted after the close.
What is Nephrocare Health IPO IPO GMP today?
Nephrocare Health IPO IPO GMP is ₹37 today (+8.04% over issue price ₹460). See live GMP on the Nephrocare Health IPO GMP Today page.
What is Nephrocare Health IPO IPO issue price and lot size?
Nephrocare Health IPO IPO issue price is ₹460 per share. Lot size is 32 shares. Minimum investment is ₹14,720 per lot. Issue size: ₹871.05 Cr.
When is Nephrocare Health IPO IPO listing date?
Nephrocare Health IPO IPO listing date is 17 December 2025 on NSE and BSE. Allotment is on 15 December 2025.
How does subscription affect Nephrocare Health IPO IPO allotment?
Allotment odds in Nephrocare Health IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 8.46x by applications means roughly 1 in 8 for minimum-lot bids; bNII at 6.11x (~1 in 6). At 14.08x overall, competition is high.
For allotment results from 15 December 2025, visit the Nephrocare Health IPO Allotment Status page. For listing day updates on 17 December 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.