Hyderabad, Dec. 4 -- NephroPlus, Asia's largest dialysis services provider and the fifth largest globally, will open its Initial Public Offering (IPO) for subscription on December 10.
The issue will close on December 12.
The IPO price band has been set at Rs 438 to Rs 460 per equity share, with a discount of Rs 41 per share offered to eligible employees. The offering comprises a fresh issue of shares worth Rs 353.4 crore and an Offer for Sale (OFS) of 1,12,53,102 equity shares by existing shareholders, a company statement said on Thursday.
The company plans to use Rs 129.1 crore from the fresh issue for capital expenditure to open new dialysis clinics across India, while Rs 136 crore will be allocated toward prepayment or repayment of bo...