Nephrocare Health Services

Nephrocare Health Services

Mainboard

₹14,720 / 32 Shares

Exp. Premium:10-11(2.17%)
Offer Date:Dec 10, 2025 - Dec 12, 2025
Expected Premium :₹340-345
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Share

IPO Live Subscription Details

CategorySubscription (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

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Nephrocare 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.

ApplicationLotsSharesAmount
Retail (Min)132₹14,720
Retail (Max)13416₹1,91,360
S-HNI (Min)14448₹2,06,080
S-HNI (Max)672144₹9,86,240
B-HNI (Min)682176₹10,00,960

Nephrocare Health Services IPO Timeline

IPO Open Date
10 Dec, 2025
IPO Close Date
12 Dec, 2025
Basis of Allotment
15 Dec, 2025
Listing Date
17 Dec, 2025

Issue Price

₹438-460 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

Lead 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 EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
30-Sep-251193.68483.9714.23716.06704.14207.04
31-Mar-25996.46769.9267.10594.21578.68225.80
31-Mar-24806.02574.7235.13423.55408.57243.37
31-Mar-23666.23443.26-11.79384.73383.50196.21

In Cr.

Nephrocare Health Services IPO Reservation Details

Investor CategoryShares Offered% Shares
Anchor Investor Shares Offered565791929.88%
QIB Shares Offered376822419.9%
NII (HNI) Shares Offered282784314.93%
bNII > ₹10L188522910%
sNII < ₹10L9426145%
Retail Shares Offered659830134.85%
Employee Shares Offered835320.44%
Total Shares Offered18935819100%

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

7.72

Promoters & 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 IssueShare 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.

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Nephrocare Health Services IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Day 1 -10-12-25 05:00 PM
0.00 x
0.10

0.07 x   0.15 x
0.21 x0.13 x
Day 211-12-25 05:00 PM
0.29 x
0.23

0.16 x   0.36 x
0.47 x0.37 x
Total No. of Applications:

Nephrocare Health Services IPO - Issue Objectives & Utilisation of proceeds

ObjectivesAmount
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, 500081

Phone: +91 40 4240 8039

Email: cs@nephroplus.com

Website: http://www.nephroplus.com/

Registrar 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.

PD

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.

Nephrocare Health Services IPO Date, Review, Price, Allotment Details, GMP | IPOROCK