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Gujarat Kidney IPO opens with modest grey market optimism
Gujarat Kidney’s ₹251-crore IPO opened on December 22 with a ₹7 grey market premium, signalling cautious optimism amid hospital expansion and debt reduction plans.
Bidding opened on December 22 for the ₹251-crore initial public offering of , priced at ₹108 to ₹114 per share. The issue is a fresh offer of up to 2.2 crore equity shares, with proceeds earmarked for hospital acquisitions, expansion in Vadodara, equipment purchases, and debt repayment. The IPO saw anchor investments of over ₹100 crore, while grey market premium stands at ₹7, indicating a potential 6 percent listing gain.