Skip to main content
  1. Home
    /
  2. IPO
    /
  3. Gujarat Kidney & Super Speciality IPO
Gujarat Kidney & Super Speciality IPO
4.62xsubscribed

Gujarat Kidney & Super Speciality IPO

Hospital & Healthcare Services
listed
₹13,824Min. investment

Gujarat Kidney & Super Speciality Limited IPO Details

SectorHospital & Healthcare Services
Price range₹108 – ₹114
IPO type
Regular
Lot size128 shares
Issue size₹251Cr
Draft Red Herring Prospectus
Read
Market cap
₹898.81CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹40.24CrLower than sector avg
Growth rate3Y CAGR
190%

Gujarat Kidney & Super Speciality IPO Subscription Status

Date
QIB
NII
Retail
Total
22-Dec-25
0.35 times (X)
1.95 times (X)
4.91 times (X)
1.51 times (X)
23-Dec-25
0.35X
2.93X
10.51X
2.68X
24-Dec-25
0.64X
5.12X
17.25X
4.62X

As on 22-Dec-25, 5:30 PM

Gujarat Kidney & Super Speciality IPO Timeline

  1. Pre-apply
    19 Dec 2025
  2. Bid start
    22 Dec 2025
  3. Bid end
    24 Dec 2025
  4. Allotment
    26 Dec 2025
  5. Release of funds
    29 Dec 2025
  6. Demat transfer
    29 Dec 2025
  7. Listing
    30 Dec 2025

About Gujarat Kidney & Super Speciality Limited

Gujarat Kidney & Super Speciality Limited (GKSL) is a regional healthcare company operating a chain of mid-sized multispeciality hospitals in central Gujarat. The company operates a network of seven multispecialty hospitals & four in-hospital pharmacies with a total of 490 beds under their control, with 445 approved & 340 operational beds as of 30th June 2025. Their hospitals cater to an under-penetrated medical market in Vadodara, Godhra, Bharuch, Borsad, & Anand with demand for affordable & quality healthcare.
GKSL has built a strong clinical franchise in renal sciences, anchored by urology and nephrology. The urology department alone has developed 6 sub-specialities, including endourology, urologic oncology, paediatric urology, reconstructive urology, renal transplant and laparoscopic urology. Healthcare services are broadly classified into secondary care (surgical services) and tertiary care (super-speciality surgical services), supported by in-house diagnostics and pharmacy operations within hospital premises. Between FY23 and Q1FY26, the company performed over 2,700 endourology procedures and more than 200 laparoscopic urology procedures. Its Vadodara facility is authorised to perform renal transplants and has completed 31 transplants till the RHP date.
The healthcare network pursues an asset-light model of expansion, with several hospitals under lease agreements or majority equity acquisitions, which do not require significant capital investments. GKSL has controlling stakes of 51% to 90% in a number of hospitals, including those in Bharuch, Borsad, and Vadodara, which enable them to operate without actually owning the lands and properties. The company is in the middle of another acquisition – Parekhs Hospital in Ahmedabad, which currently operates 49 beds.
Patient revenue is largely driven by direct demand. In FY25, it stood at 90% for self-pay and individually insured patients, which rose to an impressive 94.54% in Q1FY26, with minimal reliance on institutional and government payers, showing a strong recall at a regional level. Although it operates under Ayushman schemes and other insurance programs, such agreements are meant to be volume boosters rather than revenue generators.
As of November 2025, GKSL had approximately 670 employees, including 89 full-time consultants and 238 visiting consultants, in addition to nursing and paramedical staff in hospitals. Each of its hospitals operates under an autonomous team of professionals with a Chief Operating Officer as head.
Gujarat is a structurally under-penetrated healthcare market with a population of ~7.04 crore in 2023, projected to reach 9 crore by 2030, while the state has only ~64,862 hospital beds against an estimated requirement of 352,000 beds, implying a shortfall of 287,000 beds. Additionally, chronic kidney disease (CKD) cases are increasing nationally, with India contributing nearly one-third of global CKD cases and 210,000 new kidney failure cases diagnosed annually. Although Gujarat has 272 operating dialysis centres and almost 1,281 dialysis machines, specialised kidney treatment and transplantation facilities are available in a very short network of centres, leaving room for organised players. Therefore, the company is poised to benefit with a focus on central Gujarat, expertise in renal sciences, urology, and cardiology, presence in Tier II/III cities with untapped demand, and an asset-light acquisition strategy, which is in sync with the growing demand for healthcare in the state.
The company aims to pursue strategic inorganic growth opportunities, implement initiatives to improve existing operational efficiencies, continue to recruit and retain skilled healthcare professionals and strengthen its existing hospitals and add new capabilities and specialities.
Now, Gujarat Kidney and Super Speciality Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹250.80 crore. The total issue size of the IPO is ₹250.80 crore. Its shares will be listed on the NSE and BSE.

How to pre-apply for the Gujarat Kidney & Super Speciality IPO?

You can pre-apply for the Gujarat Kidney & Super Speciality IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  • Login to your Upstox account, using your six-digit PIN
  • After successfully logging in, click on ‘Discover’
  • On the Discover tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Gujarat Kidney & Super Speciality IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Pre-Apply’
  • Accept the mandate on your UPI app

How to apply for the Gujarat Kidney & Super Speciality IPO?

If you are interested in this investment opportunity but unsure how to apply for the Gujarat Kidney & Super Speciality IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Gujarat Kidney & Super Speciality IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Gujarat Kidney & Super Speciality IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

**How to check Gujarat Kidney & Super Speciality IPO Allotment Status? **

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the Gujarat Kidney & Super Speciality IPO allotment status:
  • Login to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, you will find the ‘View all’ option
  • Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  • In the ‘IPO’ tab, click on ‘My applications’
  • In ‘My applications’, under the History section, your Gujarat Kidney & Super Speciality IPO allotment status will be mentioned

Gujarat Kidney And Super Speciality Limited IPO Analysis

IPO REVIEW

Gujarat Kidney & Super Speciality IPO | Analysis Video

Should you apply?

Watch our analysts break down the Gujarat Kidney And Super Speciality Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Strength and Weakness

Regional leadership in renal and urology
Asset-light expansion model
Healthy operating metrics
Ability to attract and retain medical talent
Direct patient-led revenue mix

Objectives of Gujarat Kidney And Super Speciality Limited IPO

Funding for acquisition
30.70%
The company will use ₹77 crore towards the proposed acquisition of Parekhs Hospital at Ahmedabad.
Capital expenditure
14.72%
The company will use ₹30.10 cr for Vadodara hospital & ₹6.82 cr for robotics.
Part-payment for acquisition
4.94%
₹12.40 cr for part payment toward Ashwini Medical Centre.
Investment in subsidiary
4.30%
₹10.78 cr to buy more stake in Harmony Medicare (Bharuch).
Repayment of borrowings
0.48%
The company will use ₹1.20 crore towards repayment of certain outstanding borrowings

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹40.24Cr190%₹9.49Cr₹898.81Cr61.620.15
This sector (avg.)₹810.55Cr---₹87.66Cr₹10,075.9Cr55.140.40
₹21,794Cr---₹1,472.1Cr₹1,00,081.3Cr59.860.96
₹7,028.46Cr---₹1,075.88Cr₹93,096.78Cr68.940.32
₹7,782.75Cr---₹809.39Cr₹64,284.69Cr63.430.28

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Gujarat Kidney & Super Speciality IPO Contact Details

Company NameGujarat Kidney & Super Speciality Limited

How to apply for Gujarat Kidney & Super Speciality IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Gujarat Kidney And Super Speciality Limited IPO FAQs

Investors can apply for the Gujarat Kidney & Super Speciality IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Gujarat Kidney & Super Speciality IPO is 251 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Gujarat Kidney & Super Speciality IPO will be open between 2025-12-22 and 2025-12-24.
Gujarat Kidney & Super Speciality IPO allotment date is 2025-12-29. For Gujarat Kidney & Super Speciality IPO allotment status check, you can visit the website of the registrar of the IPO.
For Gujarat Kidney & Super Speciality IPO, the IPO registrar is MUFG Intime India Private Limited. You can check Gujarat Kidney & Super Speciality IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Gujarat Kidney & Super Speciality IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Gujarat Kidney & Super Speciality IPO lot size is 128 and minimum order quantity is 128.
Gujarat Kidney & Super Speciality IPO has set the price band for its IPO at 114 per equity share with a face value of 2.