Gaudium IVF IPO Day 1: Issue Opens Today; Check GMP, Price Band, Listing Date and More

Gaudium IVF IPO Day 1: Opens Today; GMP, Price Band, Listing Date and Key Details Gaudium IVF IPO Day 1: The initial public offering (IPO) of Gaudium IVF and Women Health Ltd. opened for subscription on Friday, February 20. The New Delhi-based fertility treatment company is entering the stock market with plans to raise Rs 165 crore. The issue will remain open for bidding until February 24. Here’s a simple breakdown of the IPO details: Issue Size: The total IPO size is Rs 165 crore. It includes: Fresh issue: 1.14 crore shares worth Rs 90 crore Offer-for-sale (OFS): 95 lakh shares worth Rs 75 crore In a fresh issue, the company receives the money. In an OFS, existing shareholders sell their shares. Price Band The company has fixed the price band at Rs 75 to Rs 79 per share. Lot Size & Minimum Investment Each lot has 189 shares. Minimum investment at the upper price band (Rs 79): Retail investors: 1 lot (189 shares) - Rs 14,931 Small NIIs: 14 lots (2,646 shares) - Rs 2,09,034 Big NIIs: 67 lots (12,663 shares) - Rs 10,00,377 Important Dates IPO closes: February 24 Allotment finalisation: February 25 Refunds (if any): February 25 Shares credited to demat: February 26 Listing date: February 27 The shares will list on both the NSE and BSE. Key IPO Managers Book Running Lead Manager: Sarthi Capital Advisors Pvt. Ltd. Registrar: Bigshare Services Pvt. Ltd. How Will the Company Use the Money? The company plans to use funds from the fresh issue for: Setting up new IVF centres Repaying part of its existing loans General corporate purposes such as expansion and operations Grey Market Premium (GMP) According to InvestorGain, the grey market premium (GMP) on February 20 was around Rs 8.5 per share. At the upper price band of Rs 79, this suggests a possible listing price of around Rs 87.5 per share. This indicates a potential listing gain of about 10.76%. Note: GMP is unofficial and speculative. It does not guarantee actual listing performance. About the Company Gaudium IVF and Women Health Ltd. was incorporated in 2015. The company provides fertility treatment services. It currently operates across 30 locations in India, with IVF centres in - Delhi (2 centres), Mumbai, Ludhiana, Srinagar, Patna and Bengaluru. Get Latest News live on Times Now along with Breaking News and Top Headlines from Business, Companies and around the world. Latest News Anurag Kumar author Anurag Kumar is an Assistant Editor at Times Now, where he leads the News Desk and Business Desk, driving coverage across politics, economy and market ... View More News Business Markets End of Article