IPO Guru

Nephrocare Health Services IPO

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Company: Nephrocare Health Services Ltd (operates under NephroPlus, India’s largest organized dialysis care provider)

Analysis by Abhishek Vohera, Founder of IPO Guru.
Open 10 Dec 2025
Close 12 Dec 2025
Allotment 15 Dec 2025
Listing 17 Dec 2025

IPO Review

Nephrocare Health Services Ltd operates India’s largest organized dialysis network with 519+ clinics domestically and abroad.


Its ₹871.05 crore IPO (Dec 10–12, 2025) priced at ₹438–460 per share saw strong institutional subscription.


Proceeds will fund new clinics, debt repayment, and corporate purposes.


Shares listed with a positive debut on NSE/BSE.

Live GMP

IPO GMP ₹ --
GMP % --

Subscription

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What is the Nephrocare Health Services IPO Summary?

Issue Price ₹460
Face Value ₹ ₹2
Lot Size 32 Shares
Issue Size ₹871.05 crore.
Listing On BSE & NSE
Min Investment ₹ 0

About Nephrocare Health Services

ephrocare Health Services is a specialized dialysis care provider operating the NephroPlus network with more than 519 clinics across India and abroad (including Philippines, Uzbekistan, Nepal).
The company delivers comprehensive renal care services such as in-clinic haemodialysis, mobile and home dialysis, wellness programmes, and pharmacy support.
It serves a significant share of dialysis patients and aims to expand its clinic footprint in India.

Objects of the Issue

Information about the usage of proceeds from the Nephrocare Health Services IPO will be updated shortly.

What are the Nephrocare Health Services Financials?

| Metric | Approx (₹ Crore) |
| ------------------------ | --------------------------------------------------------- |
| **Revenue (FY25)** | ~₹755.8 Cr (combined services) *indicative
| **PAT (FY25)** | ~₹671.0 Cr *indicative |
| **EBITDA (FY25)** | ~₹1,666.4 Cr *indicative |
| **EBITDA Margin (FY25)** | ~22% *indicative

Who are the Promoters of Nephrocare Health Services?

Promoter holding details will be updated as soon as they are officially announced.

Frequently Asked Questions

What is the GMP of Nephrocare Health Services?

The current Grey Market Premium (GMP) of Nephrocare Health Services is ₹ 0.

What is the Nephrocare Health Services IPO Price Band?

The price band for Nephrocare Health Services IPO is ₹460.

When is the Nephrocare Health Services IPO Allotment?

The allotment date for Nephrocare Health Services IPO is December 15, 2025.

How to check Nephrocare Health Services IPO Allotment Status?

You can check the allotment status on the IPO Allotment Status page or on the registrar's website (Kfin Technologies Ltd.).

What is the Nephrocare Health Services IPO Timetable?

Track the IPO schedule and key events.

Event Date Day
IPO Open Date 10 Dec, 2025 Wednesday
IPO Close Date 12 Dec, 2025 Friday
Basis of Allotment 15 Dec, 2025 Monday
Refunds Initiated 16 Dec, 2025 Tuesday
Credit to Demat 16 Dec, 2025 Tuesday
Listing Date 17 Dec, 2025 Wednesday

What is the Nephrocare Health Services IPO Lot Size?

Bidding in multiples of 32 shares.

Application Lots Amount
Retail (Min) 1 ₹14,720
Retail (Max) 13 ₹191,360
S-HNI (Min) 14 ₹206,080
S-HNI (Max) 67 ₹986,240
B-HNI (Min) 68 ₹1,000,960

What is the Nephrocare Health Services IPO Reservation?

Typical reservation for investors.

Category Reservation
QIB 50%
Retail 35%
NII (HNI) 15%
Employee Discount NA

Registrar

Kfin Technologies Ltd.

Book Running Lead Manager

ICICI Securities Ltd Ambit Pvt. Ltd IIFL Capital Services Nomura Financial Advisory & Securities (India) Pvt Ltd

Disclaimer

Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.