Kolkata: Nephrocare Health Services IPO had a significant first day of the bidding process of Dec 10. While it managed to attract only 13% bids overall, it witnessed the Grey market Premium, or GMP, jump to Rs 20 from the level of zero, where it was hibernating for the past seven days. On Dec 10, Nephrocare Health IPO was subscribed 0.21 times in the retail category, 0.00 times in QIB (Ex Anchor) and 0.10 times in the NII category. The bids in the QIB (Qualified Institutional Buyers) is a significant indicator since banks, insurance companies or AMCs are in this category and they have the deep pockets and the analytical skills to dissect a public issue threadbare.

Nephrocare Health Services runs a network of nephrological are under the brand NephroPlus. The IPO intends to raise Rs 871.05

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