Gaudium IVF IPO GMP Indicates Subdued Listing; Know Subscription Status, Listing Date And Other Details

Gaudium IVF IPO GMP (Grey Market Premium) remained steady at Rs 8.5 on Friday as investors did not show much interest in buying the stock at a much higher price in the unofficial market.

The Rs 165 crore IPO opens for public subscription today and will remain open for subscription till February 24 next week. Meanwhile, the company has raised Rs 49 crore from the anchor investors on Thursday.

Gaudium IVF IPO GMP Today

According to Investorgain, a GMP tracking platform, Gaudium IVF's shares were trading at Rs 87.5, indicating a 10.7 per cent gain on listing day as compared to Rs 79, the upper limit of the IPO price band.

The book build issue is a combination of fresh issue of 1.14 crore shares worth of Rs 90.00 crores and offer for sale of 0.95 crore shares aggregating to Rs 75 crores.

Also Read: Upcoming IPO: Omnitech Engineering Fixes Price Band At Rs 216-227; Know Issue Size, Subscription Dates And Other Details

Gaudium IVF IPO Subscription Status

According to the NSE data, the IPO was subscribed to 88 per cent until 5 PM on February 20.

Retail Investors Quota was fully subscribed on day 1 (1.37 times). The shares reserved for Non-Institutional Investors were subscribed 0.91 times or 91 per cent. Meanwhile, shares reserved for Qualified Institutional Buyers did not attract any investors on Day 1.

Bidding Dates

The initial share sale will remain open for subscription between February 20 and February 24.

Gaudium IVF IPO Allotment Date

 The share allotment for the IPO is expected to be finalised on Feb 25, a day after the IPO closes for subscription.

Gaudium IVF IPO Listing Date

The shares of the company will lilekly to list on February 27 on BSE and NSE. Earlier, the IVF-centric medical sector company fixed the price band for its ipo at Rs 75 to Rs 79 per share.

Gaudium IVF IPO Lot Size

The lot size was fixed at 189 shares, meaning a retail investor has to buy a lot of 189 shares with mimimum investment of Rs 14,931 to place a bid.

Also Read: Banking Stocks: Nifty PSU Bank Up 58%, PNB, BOB, Canara Bank Shares Advance; Why Govt Banks’ Stocks Rising

 IPO Issue Size

The Gaudium IVF aims to raise Rs 165 crores from the IPO.

According to DRHP, Sarthi Capital Advisors is the book-running lead manager, and Bigshare Services is the registrar of the initial public offering.