Gaudium IVF Shares List At 5% Premium On Debut, Jump 10% To ₹87.15, Market Cap Hits ₹586 Crore
Gaudium IVF and Women Health Ltd shares debuted on Friday with a 5 percent premium, opening at Rs 83 against the IPO issue price of Rs 79 on BSE and NSE, before rising 10.31 percent to Rs 87.15. The fertility services provider’s market cap reached Rs 585.93 crore. Its Rs 165-crore IPO (priced Rs 75-79) was subscribed 7.27 times. The company operates a hub-and-spoke model with 7 hubs.
Gaudium IVF and Women Health Ltd shares debuted on Friday with a 5 percent premium, opening at Rs 83 against the IPO issue price of Rs 79 on BSE and NSE, before rising 10.31 percent to Rs 87.15. |
New Delhi: Shares of fertility services provider Gaudium IVF and Women Health Ltd on Friday listed with a premium of 5 per cent against the issue price of Rs 79. The stock started trading at Rs 83, up 5 per cent from the issue price on both the BSE and NSE. It further jumped 10.31 per cent to Rs 87.15. The company's market valuation stood at Rs 585.93 crore.
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In the equity market, the 30-share BSE Sensex traded 555.35 points lower at 81,693.26 during the morning trade. The 50-share NSE Nifty declined 176.10 points to 25,320.45. The Initial Public Offering (IPO) of Gaudium IVF and Women Health received 7.27 times subscription on the final day of share sale on Tuesday.
The company's Rs 165-crore IPO had a price band of Rs 75-79 per share. Gaudium IVF has established itself as a pioneer in assisted reproductive technologies in India. It operates through a hub-and-spoke model, with seven hubs and 28 spokes across multiple states.
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