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Gaudium IVF & Women Health Ltd

Listed

Incorporated in March 2015, Gaudium IVF and Women Health Limited have engaged in In Vitro Fertilization (IVF) treatments throughout India and have expanded into several states utilizing a hub-and-spoke model.

Issue details

Price band

₹75 – ₹79

Face value

₹5

Lot size

189 shares

Minimum investment

₹14,931

Issue size

₹165.00 Cr

Fresh issue

₹90.00 Cr

Offer for sale

₹75.00 Cr

Issue type

Book Built

Exchange

BSE, NSE

Key dates

Opens

20 Feb 2026

Closes

24 Feb 2026

UPI mandate cut-off

5:00 PM on 24 Feb 2026

Allotment

25 Feb 2026

Refunds

25 Feb 2026

Shares in demat

26 Feb 2026

Listing

27 Feb 2026

Subscription and listing

Subscription

5.23x

Listing price

₹83

Registrar

Bigshare Services Pvt Ltd

Lead manager

Sarthi Capital Advisors

Subscription by category

Total

5.23x

Total applications

2,41,091

Anchor investors

Amount raised

₹49.50 Cr

Bid date

19 Feb 2026

50% lock-in ends

26 Mar 2026

Rest lock-in ends

25 May 2026

Listing day

Issue price

₹79

Open

₹83.00

High

₹87.15

Low

₹79.50

Day close

₹80.26

Listing gain at open

+5.06%

Issue structure

Shares reserved per category and share of the total issue

QIB Shares Offered

1,04,43,100

50.00%

Anchor Investor Shares Offered

62,65,860

30.00%

QIB (Ex. Anchor) Shares Offered

41,77,240

20.00%

NII Shares Offered

31,32,930

15.00%

bNII > ₹10L

20,88,620

10.00%

sNII < ₹10L

10,44,310

5.00%

Retail Shares Offered

73,10,170

35.00%

Total Shares Offered

2,08,86,200

100.00%

Finaccle’s quick read

Apply

FY25 income up 47%, PAT up 85%, ROE 21.25%, D/E 0.38, post-issue P/E 22.99x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in March 2015, Gaudium IVF and Women Health Limited have engaged in In Vitro Fertilization (IVF) treatments throughout India and have expanded into several states utilizing a hub-and-spoke model. The company operates over thirty locations, which include seven hubs (centres) and twenty-eight spokes. The organization has entered into a strategic alliance with Infertility Experts, known as Spokes, to achieve the mutual objective of raising awareness regarding Assisted Reproductive Technology (ART) and In Vitro Fertilization (IVF) treatments.

Founded

2015

2015

Promoters

Manika Khanna, Peeyush Khanna, Vishad Khanna

Manika Khanna, Peeyush Khanna, Vishad Khanna

Promoter holding

99.99% pre-issue; 71.3% post-issue

99.99% pre-issue; 71.3% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

Sep 2025

Sep 2025

49.75

49.75

18.95

12.51

12.51

58.85

22.51

22.51

106.62

FY25

FY25

70.96

70.96

28.63

19.13

19.13

46.30

18.93

18.93

88.51

FY24

FY24

48.15

48.15

19.27

10.32

10.32

26.99

15.73

15.73

51.01

FY23

FY23

44.26

44.26

20.07

13.53

13.53

22.73

9.78

9.78

36.63

ROE

21.25%

ROCE

21.03%

Debt / equity

0.38

PAT margin

25.14%

P/E post issue

22.99

Market cap

₹575.02 Cr

Use of IPO money

Funding capital expenditure towards establishment of New IVF Centers of the Company.

₹50.00 Cr

Repayment/pre-payment, in full or in part, of certain outstanding loans availed by the Company.

₹20.00 Cr

General Corporate Purposes

₹12.28 Cr

Issue Expenses

₹14.15 Cr

Strengths

✓

Revenue up 47% in FY25 to ₹70.96 Cr

✓

PAT up 85% in FY25 to ₹19.13 Cr

✓

PAT margin of 25.14%

✓

ROE of 21.25% and ROCE of 21.03%

✓

Moderate leverage: debt to equity 0.38

Risks to watch

!

45% of the issue is an offer for sale by existing shareholders

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.