Limited operating history makes long-term performance assessment challenging
Revenue concentration in specific regions increases exposure to local market risks
Dependence on successful execution of expansion and acquisition plans
High receivables may impact cash flow and working capital management
Exposure to regulatory, legal and clinical risks inherent in healthcare operations
Intense competition from established hospital chains may pressure margins
Expansion projects may face delays or execution challenges
MAINBOARD · NSE + BSESubscribed: 5.21×
Gujarat Kidney IPO
Gujarat Kidney IPO
Overview
Gujarat Kidney IPO is a book build issue of ₹250.80 crores. The issue is entirely a fresh issue of 2.20 crore shares of ₹250.80 crore. Gujarat Kidney IPO opens for subscription on Dec 22, 2025 and closes on Dec 24, 2025. The allotment for the Gujarat Kidney IPO is expected to be finalized on Dec 26, 2025. Gujarat Kidney IPO will list on BSE, NSE with a tentative listing date fixed as Dec 30, 2025. Gujarat Kidney IPO price band is set at ₹108.00 to ₹114.00 per share . The lot size for an application is 128. The minimum amount of investment required by an retail is ₹14,592 (128 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,792 shares), amounting to ₹2,04,288, and for bNII, it is 69 lots (8,832 shares), amounting to ₹10,06,848.
Total Shares
2,20,00,000
Issue Size
250.80 Cr
Price Band
₹108 – ₹114
Lot Size
128 shares
Min. Investment
₹14,592
Max. Investment
₹1,89,696
Open Date
22 Dec, 2025
Close Date
24 Dec, 2025
Allotment
26 Dec, 2025
Listing
30 Dec, 2025
Max. Investment
₹1,89,696
Announced
22 Dec, 2025
Opening Date
22 Dec, 2025
Closing Date
24 Dec, 2025
Basis of Allotment
26 Dec, 2025
Initiation of Refunds
29 Dec, 2025
Credit of Shares
29 Dec, 2025
Listing Date
30 Dec, 2025
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About Gujarat Kidney IPO
Incorporated in 2019, Gujarat Kidney and Super Speciality Limited (GKASSL) specializes in providing multispeciality healthcare services, including secondary and tertiary care, across multiple locations in Gujarat, India.
The company operates seven multispeciality hospitals and four pharmacies with a total bed capacity of 490 beds, an approved capacity of 455 beds, and an operational capacity of 340 beds.
The company's hospitals include Gujarat Kidney and Superspeciality Hospi
Gujarat Kidney IPO Share Price
Issue Breakdown
Total Issue2,20,00,000 shares250.80 Cr
Fresh Issue0 shares
Offer for Sale0 shares
Shareholding
Pre-Issue5,68,43,250
Post-Issue7,88,43,250
Dilution: 38.7% increase in shares
Gujarat Kidney IPO Financial Health
Gujarat Kidney & Super Speciality Ltd.'s revenue increased by 637% and profit after tax (PAT) rose by 454% between the financial year ending with March 31, 2025 and March 31, 2024.
Gujarat Kidney IPO Lot Size
Investors can bid for a minimum of 128 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 128 | ₹14,592 |
| Retail (Max) | 13 | 1664 | ₹1,89,696 |
| S-HNI (Min) | 14 | 1792 | ₹2,04,288 |
| S-HNI (Max) | 68 | 8704 | ₹9,92,256 |
| B-HNI (Min) | 69 | 8832 | ₹10,06,848 |
(All values in CR)
Gujarat Kidney IPO Valuations
KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 36.61 |
| ROCE | 37.65 |
| Debt/Equity | 0.15 |
| RoNW | 36.61 |
| PAT Margin | 23.61 |
| EBITDA Margin | 41.12 |
| Price to Book Value | 22.62 |
(All values in CR)
Gujarat Kidney IPO Strength & Risk
+Strengths
Gujarat Kidney IPO Strength:
Operates in the healthcare sector with a strong focus on kidney care, urology and specialised medical services
Growing demand for renal and chronic care supports long-term business potential
Presence of multi-speciality hospitals with integrated pharmacy and diagnostic services
Asset-light expansion model through leased facilities helps reduce capital intensity
Experienced medical professionals support service quality and patient trust
Profitable operations with improving margins reflect operational efficiency
Ability to scale through acquisitions and expansion of specialised healthcare services
!Risks
Gujarat Kidney IPO Risk:
Gujarat Kidney IPO Subscriptions Status
Gujarat Kidney IPO subscribed 5.21 times. The public issue subscribed 19.04 times in the retail category, 1.06 times in QIB (Ex Anchor), and 5.73 times in the NII category by December 24, 2025 5:09:34 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 87,73,120 | 87,73,120 | 100.01 |
| QIB (Ex Anchor) | 1.06 | 77,26,880 | 81,88,928 | 93.35 |
| Non-Institutional Buyers | 5.73 | 33,00,000 | 1,88,99,840 | 215.46 |
| bNII (bids above ₹10L) | 5.25 | 22,00,000 | 1,15,52,896 | 131.7 |
| sNII (bids below ₹10L) | 6.68 | 11,00,000 | 73,46,944 | 83.76 |
| Retail Investors | 19.04 | 22,00,000 | 4,18,79,808 | 477.43 |
| Total | 5.21 | 1,32,26,880 | 6,89,68,576 | 786.24 |
Gujarat Kidney IPO GMP
Gujarat Kidney IPO last GMP is ₹0, last updated Dec 24th 2025 03:53 PM. With the price band of 114.00, Gujarat Kidney IPO's estimated listing price is ₹114 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
₹00.0%
Last updated 24 Dec, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 24 Dec, 2025 | 114 | ₹0▼ | - | ₹114 (0.00%) | - | 24 Dec, 2025 |
| 23 Dec, 2025 | 114 | ₹3.5▼ | 300/4200 | ₹117.5 (3.07%) | 448 | 23 Dec, 2025 |
| 22 Dec, 2025 | 114 | ₹4▼ | 400/5600 | ₹118 (3.51%) | 512 | 22 Dec, 2025 |
| 21 Dec, 2025 | 114 | ₹7 | 700/9800 | ₹121 (6.14%) | 896 | 21 Dec, 2025 |
| 20 Dec, 2025 | 114 | ₹7 | 700/9800 | ₹121 (6.14%) | 896 | 20 Dec, 2025 |
| 19 Dec, 2025 | 114 | ₹7▼ | 700/9800 | ₹121 (6.14%) | 896 | 19 Dec, 2025 |
| 18 Dec, 2025 | 114 | ₹10▲ | 1000/14000 | ₹124 (8.77%) | 1280 | 18 Dec, 2025 |
| 17 Dec, 2025 | 114 | ₹0 | - | ₹114 (0.00%) | - | 17 Dec, 2025 |
| 16 Dec, 2025 | 114 | ₹0 | - | ₹114 (0.00%) | - | 16 Dec, 2025 |
| 15 Dec, 2025 | 0 | ₹0 | - | ₹ (%) | - | 15 Dec, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Gujarat Kidney IPO
1
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
2
Go to IPO Section
Find Gujarat Kidney IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
3
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
4
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
5
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.