New Delhi-based fertility services provider Gaudium IVF & Women Health on February 17 has fixed price band at Rs 75-79 per share for its Rs 165-crore worth IPO. It is valued at Rs 575 crore at the upper price band.
The IPO is a combination of fresh issue of 1.13 crore shares worth Rs 90 crore, and an offer-for-sale of 94.93 lakh shares amounting to Rs 75 crore.
Dr Manika Khanna, who holds 99.32 percent shareholding in the company, is the selling shareholder in the offer-for-sale. Her stake will be reduced to 70.73 percent post issue.
The initial public offering (IPO) will open for subscription on February 20, and close on February 24, while the one-day IPO anchor book will be launched on February 19.
The IPO share allotment will be finalised by February 25, while its shares will be available for trading on the bourses effective February 27.
Investors can bid for a minimum of 189 equity shares, and in multiples of 189 shares thereafter. As a result, the minimum investment by retail investors in the offer would be Rs 14,931, and the maximum at Rs 1,94,103.
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Gaudium IVF & Women Health that offers IVF (In Vetro fertilization) treatment in India and operates business through hub and spoke model will spend Rs 50 crore of fresh issue proceeds for establishment of new IVF centers, Rs 20 crore for repaying debt, and the remainder funds for general corporate purposes.
The company proposed to establish 19 new IVF centers across India, of which 10 new IVF centers proposed to be opened in FY27, 8 in FY28, and 1 in FY29.
Currently, it operates more than 30 locations, comprising of 7 hubs (centers - Delhi, Ludhiana, Patna, Mumbai, Bengaluru, Srinagar) and 28 spokes. It has entered into a strategic alliance with Spokes i.e Infertility Expertto achieve the mutual goal of spreading awareness about ART and IVF treatment.
The merchant banker managing the Gaudium IVF & Women Health IPO is Sarthi Capital Advisors.
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