Gaudium IVF & Women Health Ltd. (Mainboard)

Gaudium IVF & Women Health Ltd. (Mainboard)

MainboardLive
Min. Investment
14,931
/ 189 Shares
Issue Price
₹75 - ₹79
Subscription
-
Issue Size
165.00
Lot Size
189
Open
Feb 20, 2026
Close
Feb 24, 2026
Allotment
Feb 25, 2026
Listing
Feb 27, 2026

1. Gaudium IVF & Women Health Ltd. (Mainboard) IPO Details

Gaudium IVF & Women Health Ltd IPO is a book-built issue of 2,08,86,200 equity shares. The issue is a combination of a fresh issue of 1,13,92,500 shares and an offer for sale (OFS) of 94,93,700 shares by the promoter, Dr. Manika Khanna.

The bidding for the IPO starts on Feb 20, 2026 and ends on Feb 24, 2026. The allotment is expected to be finalized on Feb 25, 2026. Gaudium IVF & Women Health Ltd will list on NSE and BSE (Mainboard) on Feb 27, 2026.

The price band is yet to be officially announced, but the company aims to raise between ₹150 crores and ₹200 crores. The face value of the shares is ₹5 per share.

Grey Market Premium

Estimated listing gains (Live)

+₹5Per Share

Gaudium IVF & Women Health Ltd. (Mainboard) IPO Details

Total Issue Size2,08,86,200 shares (aggregating up to ₹165.00 Cr)
Fresh Issue1,13,92,500 shares (aggregating up to ₹90.00 Cr)
Offer For Sale94,93,700 shares (aggregating up to ₹75.00 Cr)
Face Value₹5/- Per Share
Issue TypeBookbuilding IPO
Listing AtNSE,BSE
Share Holding Pre Issue6,13,94,384 shares
Share Holding Post Issue7,27,86,884 shares

IPO Reservation

CategoryOfferedAppliedTimes
QIBs4177240956340.02
HNIs3132930145637734.65
HNIs 10+208862073560693.52
HNIs 2+104431072077046.9
Retail7310170298139944.08
Total14620340444734013.04

IPO GMP Details

Price₹75 - ₹79
GMP Rumors *₹5
Lot size189
Issue size₹165.00 cr
AllotmentFeb 25, 2026
ListingFeb 27, 2026

Financial Summary

Period EndedSep-25Mar-25Mar-24Mar-23
Period EndedSep-25Mar-25Mar-24Mar-23
Assets106.6288.5151.0136.63
Total Income49.7570.9648.1544.26
Profit After Tax12.5119.1310.3213.53
EBITDA18.9528.6319.2720.07
NET Worth58.8546.326.9922.73
Reserves and Surplus28.1615.62621.74
Total Borrowing22.5118.9315.739.78

Peer Comparison & Valuation

KPISep-25Mar-25Mar-24Mar-23
ROE21.25%41.31%38.23%59.51%
ROCE21.03%39.37%38.74%54.40%
EPS (BASIC)2.043.121.682.20
P/E Pre IPO25.36
P/E Post IPO22.99

2. About Gaudium IVF & Women Health Ltd. (Mainboard)

Founded in 2015 by Dr. Manika Khanna, Gaudium IVF is a leading pan-India provider of Assisted Reproductive Technology (ART) and fertility services. It operates through a highly efficient Hub-and-Spoke model, allowing it to serve both urban centers and regional markets effectively.

Business Verticals

  • Core Fertility Treatments: IVF, ICSI, IUI, and Ovulation Induction.

  • Male Infertility Services: Advanced sperm retrieval (TESA) and specialized diagnostics.

  • Fertility Preservation: Egg, sperm, and embryo freezing.

  • Gynaecological Care: Advanced endoscopic surgeries and maternity services at its day-care facilities.

  • Ancillary Services: Pharmaceutical sales through its subsidiary and international patient consultancy.

Track Record

  • Network: Operates 7 full-service hubs (Delhi, Mumbai, Bengaluru, Patna, Ludhiana, Srinagar) and 28 spokes across India.

  • Global Reach: Serves patients from over 30 countries, including the UK, USA, and Canada.

  • Financial Growth: Total income rose to ₹70.96 Cr in FY25 (up from ₹47.89 Cr in FY24) with a PAT of ₹19.13 Cr.

  • Clinical Excellence: Recognized for high success rates in "previously failed IVF" cases.


Gaudium IVF & Women Health Ltd IPO GMP

As of February 15, 2026, the Grey Market Premium (GMP) has not yet opened. GMP typically starts fluctuating once the official price band is declared.

Note: Being the first in its sector, the market response will likely set a benchmark for other upcoming healthcare IPOs like Indira IVF.

Gaudium IVF & Women Health Ltd IPO Allotment Status

The allotment is scheduled for Feb 25, 2026.

Check Gaudium IVF Allotment Status To check your status, visit: [Check Allotment Status Here]

You can verify your status via:

  • Registrar's website (Bigshare Services Pvt Ltd)

  • BSE/NSE official portals

  • Using your PAN number or Application ID


Strengths

  • First-Mover Advantage: First IVF-focused company to list in India, capturing significant investor interest in a growing niche.

  • High Efficiency Model: The Hub-and-Spoke model minimizes capital expenditure while maximizing patient reach.

  • Strong Profit Margins: Boasts healthy PAT margins (approx. 27% in FY25) and a robust ROE of 41.3%.

  • Trusted Brand: Lead by award-winning specialist Dr. Manika Khanna with over 16 years of clinical experience.

Weakness

  • Regulatory Risks: The sector is strictly governed by the ART (Regulation) Act, 2021; any changes in compliance could impact operations.

  • Legal/Tax Contingencies: The company has outstanding income tax demands of approximately ₹30.91 crores under appeal.

  • Competition: Faces rising competition from larger hospital chains expanding into fertility and well-funded rivals like Indira IVF.

  • High Concentration: A large portion of revenue is still driven by its primary hubs in North India.

How the Company Will Use IPO Money

The fresh issue proceeds of approx. ₹70–80 crores will be utilized for:

  • Expansion: ₹50.00 crores for establishing 19 new IVF centers across India.

  • Debt Repayment: ₹20.00 crores for the repayment/pre-payment of outstanding loans.

  • General Corporate Purposes: Addressing operational expenses and strategic initiatives.

Gaudium IVF & Women Health Ltd Lead Manager

Sarthi Capital Advisors Private Limited

Gaudium IVF & Women Health Ltd Address

Gaudium IVF & Women Health Limited

Registered Office: B1/51, Janak Puri, B-1, New Delhi – 110058, India

Phone: +91 011-4885 8585

E-mail: compliance@gaudiumivfcentre.com

Website: https://www.gaudiumivfcentre.com/

Gaudium IVF Registrar

Bigshare Services Private Limited

Address: S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Andheri (East), Mumbai - 400 093

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

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