Gujarat Kidney and Super Speciality IPO opens Dec 22: Price band set at ₹108 to ₹114 per share; check lot size and other key details

Gujarat Kidney and Super Speciality IPO: The initial public offering of healthcare services provider Gujarat Kidney and Super Speciality Ltd will open for subscription on December 22. The company has set a price band of ₹108 to ₹114 per share.

The bidding for anchor investors will occur on December 19. The issue will conclude on December 24.

The ₹250.8 crore initial share sale is exclusively a fresh issuance of 2,20,00,00 shares without an offer for sale (OFS) component.

The fresh issue proceeds will be utilised for the proposed acquisition of 'Parekhs Hospital Private Limited' in Ahmedabad, part-payment of the purchase consideration of the already acquired hospital 'Ashwini Medical Centre', acquisition of additional shareholding in the subsidiary 'Harmony Medicare Pvt Ltd' in Bharuch, funding capital expenditure needs for establishing a new hospital exclusively for women's healthcare in Vadodara, buying robotic equipment, debt repayment, funding inorganic growth via unidentified acquisitions and corporate general purposes.

Gujarat Kidney and Super Speciality IPO: Lot size

A lot consists of 128 shares and in multiples thereof. The company has reserved 75% of the net offer for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors.

Gujarat Kidney and Super Speciality IPO: Allotment and listing date

Nirbhay Capital Services is the sole book-running lead manager of the IPO, while MUFG Intime India is the registrar.

About the company

Gujarat Kidney and Super Speciality is a regional healthcare company located in Gujarat and operates a chain of mid-sized multi-speciality hospitals, offering integrated healthcare services, with a focus on secondary and tertiary care.

It runs seven multi-speciality hospitals and four pharmacies operating within its hospitals: Gujarat Kidney and Superspeciality Hospital (Vadodara), Raj Palmland Hospital Private Limited (Bharuch), Gujarat Multispeciality Hospital (Godhra), Surya Hospital and ICU (Borsad), Ashwini Medical Centre (Anand), Ashwini Medical Store (Anand), Gujarat Surgical Hospital (Vadodara) and Apex Multispeciality & Trauma Center (Bharuch).