Mumbai/IBNS, Dec. 17 -- Shares of dialysis service provider Nephrocare Health Services made a strong market debut on Wednesday, listing at a premium of about 7 per cent on the bourses, media reports said.

Nephrocare's Rs.871.05-crore initial public offering (IPO), which was open for subscription from December 10 to 12, was subscribed 13.96 times at the close of bidding.

The issue attracted bids worth nearly Rs.8,600 crore from more than 4.54 lakh investors.

The IPO comprised a fresh issue of shares along with an offer for sale (OFS) by existing shareholders. The price band for the issue was fixed at Rs.438-Rs.460 per share.

Market participants attribute the positive debut to the company's expanding network and growth prospects.

Nephr...