Gujarat Kidney And Super Speciality Ipo
Gujarat Kidney IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Nirbhay Capital Services Private Limited
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 128 | ₹14,592 |
| Retail Maximum | 13 | 1,664 | ₹1,89,696 |
| S-HNI Minimum | 14 | 1,792 | ₹2,04,288 |
| S-HNI Maximum | 68 | 8,704 | ₹9,92,256 |
| B-HNI Minimum | 69 | 8,832 | ₹10,06,848 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
| Anchor Bidding Date | December 19, 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | January 25, 2026 |
| lock-in period end date 50% shares (90 Days) | March 26, 2026 |
| IPO Open Date: | December 22, 2025 |
| IPO Close Date: | December 24, 2025 |
| Basis of Allotment: | December 26, 2025 |
| Refunds: | December 29, 2025 |
| Credit to Demat Account: | December 29, 2025 |
| IPO Listing Date: | December 30, 2025 |
| IPO Bidding Cut-off Time: | December 24, 2025 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 5,68,43,250 | 99.10% |
| Promoter Holding Post Issue | 7,88,43,250 | 71.45% |
| Purpose | Crores |
| Proposed acquisition of Parekhs Hospital at Ahmedabad. | ₹77.00 |
| Part-payment of purchase consideration for the already acquired “Ashwini Medical Centre”. | ₹12.40 |
| Funding of capital expenditure requirements of the Company towards setting up of a new hospital in Vadodara. | ₹30.10 |
| Buying robotics equipment for our hospital Gujarat Kidney & Super Speciality hospital in Vadodara location. | ₹6.83 |
| Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company | ₹1.20 |
| Funding inorganic growth through unidentified acquisitions and General Corporate Purposes. | ₹- |
| Acquisition of additional shareholding in the subsidiary namely “Harmony Medicare Private Limited” at Bharuch | ₹10.78 |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹0.00 | ₹0.01 | ₹0.01 | ₹3.87 |
| 2024 | ₹5.48 | ₹3.21 | ₹1.71 | ₹20.53 |
| 2025 | ₹40.40 | ₹27.63 | ₹9.50 | ₹55.34 |
| June 2025 | ₹15.27 | ₹7.78 | ₹5.40 | ₹61.59 |
| KPI | Values |
| ROE: | 36.61% |
| ROCE: | 37.65% |
| EBITDA Margin: | 41.12% |
| PAT Margin: | 23.61% |
| Debt to equity ratio: | 0.15 |
| Earning Per Share (EPS): | ₹1.85 (Basic) |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 36.61% |
| Net Asset Value (NAV): | ₹5.04 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Yatharth Hospital & Trauma Care Services Limited | 14.72 | 55.84 | 8.13% | 166.62 | 880.49 Cr. |
| GPT Healthcare Limited | 6.08 | 24.51 | 20.14% | 30.21 | 407.09 Cr. |
| KMC Speciality Hospitals (India) Ltd | 1.31 | 52.60 | 13.04% | 10.08 | 231.60 Cr. |
| IPO Open Date | December 22, 2025 |
| IPO Close Date | December 24, 2025 |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹108 to ₹114 Per Share |
| Issue Size | Approx ₹250.80 Crores |
| Fresh Issue | Approx ₹250.80 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |