IPOs listing highlights: Nephrocare Health shares list at premium of 6.52%, muted debut for Park Medi World

Park Medi World shares list with a discount of nearly 0.99 per cent at Rs 160.40 on the BSE against the issue price of Rs 162.

Park Medi World shares list with a discount of nearly 1.98 per cent against the issue price of Rs 162 on the NSE.

Nephrocare Health Services made a decent debut on the stock exchanges on Wednesday, listing at a 6.52 per cent premium to the issue price of Rs 460, taking the company's market valuation to nearly Rs 5,000 crore. 

Ahead of the IPO, the Hyderabad-based company garnered Rs 260 crore from anchor investors. Some of the key anchor investors are SBI Mutual Fund (MF), ICICI Prudential MF, Fidelity Funds, DSP MF, Bandhan MF, The Prudential Assurance Company, Eastspring Investments, Polar Capital Funds, Baroda BNP Paribas MF, SBI Life Insurance and HDFC Life Insurance, according to a circular uploaded on BSE's website.

As part of a pre-IPO (initial public offering) round, Carnelian Asset Management invested Rs 100 crore in Park Medi World, which operates a chain of hospitals under the Park brand.

The initial share sale of Park Medi World Ltd, which operates a hospital chain under the Park brand, received over 8 times subscription on the final day of bidding on Friday.

The initial public offering (IPO) of dialysis services provider Nephrocare Health Services Ltd received a decent response from investors and was subscribed 13.96 times on the closing day of the share sale on Friday.

Ahead of listing, Nephrocare Health Services' unlisted shares are trading at a grey market premium (GMP) of Rs 37. Considering the upper price band of Rs 460, the company's shares are expected to list at around Rs 497, reflecting a grey market premium of 8.04 per cent.

According to Investorgain, Park Medi World's unlisted shares are trading at a grey market premium (GMP) of Rs 5 ahead of the listing. Considering the upper price band of Rs 162, the company's shares are expected to list at around Rs 167, reflecting a grey market premium of 3.09 per cent.