by
5paisa Research Team
18th Dec 2024
Nephro Care India IPO Lists at Impressive 90% Premium
5paisa Research Team
Last Updated: 5th July 2024 - 10:53 am
Nephro Care India IPO - Lists at a Premium of 90%
Nephro Care India had a very strong listing on 05th July 2024, debuting at ₹171.00 per share, a premium of 90.00% over the issue price of ₹90 per share in the IPO. Interestingly, under the new modified SEBI rules for listing of SME-IPO shares on the NSE, these companies are subjected to a maximum premium of 90% on listing day. Below is the pre-open price discovery for the Nephro Care India IPO on the NSE.
PRE-OPEN ORDER COLLECTION SUMMARY
| Indicative Equilibrium Price (In ₹) | 171.00 |
| Indicative Equilibrium Quantity (Number of Shares) | 1,61,600 |
| Final Price (In ₹) | 171.00 |
| Final Quantity (Number of Shares) | 1,61,600 |
| Previous Close (Final IPO price) | ₹90.00 |
| Discovered Listing Price Premium / Discount to IPO Price (₹) | ₹+81.00 |
| Discovered Listing Price Premium / Discount to IPO Price (%) | +90.00% |
Data Source: NSE
Nephro Care India IPO was a book-built IPO in the price band of ₹85 to ₹90 per share. Considering the strong subscription response at over 715X and the anchor allocation being done at the upper end of the band, the price discovery of the IPO also happened at the upper end of the price band at ₹90 per share. On 05th July 2024, the stock of Nephro Care India listed at ₹171.00 per share, a premium of 90.00% (maximum limit permitted for SME IPOs) over the IPO price of ₹90.00 per share. For the day, being in the 5% circuit filter category, the upper circuit price has been set at ₹179.55 and the lower circuit price has been set at ₹162.45.
As of 10.06 am, the volumes were 3.22 lakh shares while the turnover (value) was at ₹564 lakh. The opening market cap of the stock stands at ₹296.01 crore. The equity shares of Nephro Care India (Symbol: NEPHROCARE) shall be in Series ST (Trade for Trade Surveillance Segment (TFTS) – Settlement Type W) and subsequently be shifted to Series SM (Normal Rolling Segment – Settlement Type N). At 10.06 am, the stock is trading at ₹179.55, which is +5.00% above the listing price of ₹171.00 per share and the stock is trading locked at the upper circuit price for the day in early trades. The stock of Nephro Care India has a face value of ₹10 per share and the market lot comprises 1,600 shares. The stock trades under the NSE symbol (NEPHROCARE) and the ISIN code for demat credits is (INE0SUN01013).
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