Gujarat Kidney And Super Speciality IPO
Open MainLineCurrent GMP
₹1 (+0.88%)
Price Band
₹ 108 – 114
Lot Size
128
Issue Size
₹250.8 Cr
Minimum Investment
₹14592 (128 Shares)
Listing Date
30 December 2025
Subscription
5.21x
About the Company
Incorporated in 2019, Gujarat Kidney & Super Speciality Limited (“GKASSL”) is a regional multispeciality healthcare provider offering secondary and tertiary care services across multiple locations in Gujarat, India. The company operates a network of multispeciality hospitals supported by in-house pharmacy and diagnostic services, catering to both private patients and beneficiaries under government healthcare schemes such as Ayushman Bharat – PMJAY.
As of June 30, 2025, GKASSL operated seven multispeciality hospitals and four pharmacies with an aggregate infrastructure of 490 total beds, including 455 approved beds and 340 operational beds. Its hospital network includes Gujarat Kidney and Superspeciality Hospital (Vadodara), Gujarat Multispeciality Hospital (Godhra), Raj Palmland Hospital Private Limited (Bharuch), Surya Hospital and ICU (Borsad), Gujarat Surgical Hospital (Vadodara), Ashwini Medical Centre (Anand), along with Ashwini Medical Store (Anand).
The company provides a comprehensive range of medical services spanning:
- Secondary Care Services: General medicine and general surgical treatments
- Tertiary Care Services: Super speciality surgical procedures
Gujarat Superspeciality Hospital delivers care across multiple clinical disciplines, including internal medicine, general and minimally invasive surgery, orthopaedics and trauma care, joint replacement, obstetrics and gynaecology, respiratory care, non-interventional cardiology, diabetology, and anaesthesiology.
As of June 30, 2025, the company employed 759 personnel, comprising 89 doctors, 332 nurses, and 338 other staff members.
Competitive Strengths
- Established presence in renal sciences with sub-superspeciality expertise in urology
- Asset-light operating model with a strategic focus on central Gujarat
- Ability to attract and retain skilled and experienced medical professionals
- Proven track record of operational scale-up and financial growth
As of March 20, 2025, Gujarat Kidney & Super Speciality operated six multispeciality hospitals and three in-house pharmacies across Vadodara, Godhra, Bharuch, Borsad, and Anand, with consolidated infrastructure of 400 total beds, including 355 approved beds and 250 operational beds. The workforce at that time comprised 322 personnel, including 47 doctors, 138 nurses, 21 full-time consultants, and 32 visiting consultants.
In line with its expansion strategy, the company is acquiring Parekhs Hospital, Ahmedabad—a 49-bed facility (including 8 ICU beds) commissioned in 2006—for ₹77 crore, funded through net proceeds, further strengthening its footprint in Gujarat’s underpenetrated healthcare markets.
Promoters
- Dr. Pragnesh Yashwantsinh Bharpoda
- Dr. Bhartiben Pragnesh Bharpoda
- Dr. Yashwantsingh Motisinh Bharpoda
- Anitaben Yashwantsinh Bharpoda
Promoters Holding
Holding Pre Issue
99.10%
Holding Post Issue
71.45%
Objects of the Issue
The Company Gujarat Kidney And Super Speciality IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Proposed acquisition of Parekhs Hospital at Ahmedabad
- Part-payment of purchase consideration for the already acquired “Ashwini Medical Centre”
- Funding of capital expenditure requirements of our Company towards setting up of a new hospital in Vadodara
- Buying robotics equipment for our hospital Gujarat Kidney & Super Speciality hospital at Vadodara location
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company
- Funding inorganic growth through unidentified acquisitions and General Corporate Purposes
Address / Contact Info
Gujarat Kidney & Super Speciality Limited
Plot No. 1, City Sarve No. 1537/A,
Jetalpur Road, Gokak Mill Compound,
Alkapuri, Vadodara , Gujarat, India
Vadodara, Gujarat, 390020
Phone: +91 265 298 48
Email: info@gujaratsuperspecialityhospital.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 22 December 2025
IPO Close Date
Wednesday, 24 December 2025
Basis of Allotment
Friday, 26 December 2025
Initiation of Refunds
Monday, 29 December 2025
Credit of Shares to Demat
Monday, 29 December 2025
Listing Date
Tuesday, 30 December 2025 — NSE & BSE
Important Dates
Open Date
22 December 2025
Close Date
24 December 2025
Basis Of Allotment
26 December 2025
Listing Date
30 December 2025
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 61.59 | 55.34 | 20.53 | 3.87 |
| Revenue | 15.27 | 40.4 | 5.48 | 0 |
| Profit After Tax | 5.4 | 9.5 | 1.71 | -0.01 |
| Net Worth | 30.56 | 25.71 | 10.8 | 0.37 |
| Reserve & Surplus | 19.42 | 14.57 | 10.6 | 0.17 |
| Total Borrowings | 4.03 | 3.88 | 1.94 | 0 |
EPS Pre
1.85%
EPS Post
2.74%
P/E Pre
61.62
P/E (Post Issue)
41.59x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 36.61 | 15.86 | -1.67 |
| ROCE % | 37.65 | 9.79 | -1.7 |
| Debt / Equity | 0.15 | 0.18 | 0 |
| RoNW % | 36.61 | 15.86 | -1.68 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 23.61 | 35.9 | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 7726880 | 58.42 | 0 |
| Non-Institutional | 3300000 | 24.95 | 0 |
| BNII | 2200000 | 16.63 | 0 |
| SNII | 1100000 | 8.32 | 0 |
| Retail Investors | 2200000 | 16.63 | 0 |
| Total | 13226880 | 100 | 0 |
Subscription Status ( Wed, 24 Dec 25 01:54 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 7726880 | 8188928 | 1.06x |
| Non-Institutional | 3300000 | 18899840 | 5.73x |
| BNII | 2200000 | 11552896 | 5.25x |
| SNII | 1100000 | 7346944 | 6.68x |
| Retail Investors | 2200000 | 41880320 | 19.04x |
| Total | 13226880 | 68969088 | 5.21x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Gujarat Kidney & Super Speciality Ltd | 2 | 0.00 | 1.85 | 1.85 | 36.61 | 5.04 |
| Yatharth Hospital & Trauma Care Services Ltd | 10 | 55.84 | 14.72 | 14.72 | 8.13 | 166.62 |
| GPT Healthcare Ltd | 10 | 24.51 | 6.08 | 6.08 | 20.14 | 30.21 |
| KMC Speciality Hospitals (India) Ltd | 1 | 52.60 | 1.31 | 1.31 | 13.04 | 10.08 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 128 | 14,592.00 |
| Retail (Max) | 13 | 1,664 | 189,696.00 |
| S-HNI (Min) | 14 | 1,792 | 204,288.00 |
| S-HNI (Max) | 68 | 8,704 | 992,256.00 |
| B-HNI (Min) | 69 | 8,832 | 1,006,848.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Nirbhay Capital Services Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Gujarat Kidney And Super Speciality IPO is a Book-building IPO worth ₹250.8 crores. The price band is ₹108 to 114 per share. The IPO opens on Mon, Dec 22, 2025 and closes on Wed, Dec 24, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Gujarat Kidney And Super Speciality IPO opens on Mon, Dec 22, 2025 and closes on Wed, Dec 24, 2025
Gujarat Kidney And Super Speciality IPO Price Band is ₹108 to 114.
Gujarat Kidney And Super Speciality IPO lot size is 128, and the minimum amount required for application is ₹14592.
The minimum investment for Gujarat Kidney And Super Speciality IPO is approximately ₹14592 based on the upper price band.
To apply for the Gujarat Kidney And Super Speciality IPO , investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Dec 24, 2025. After submission, funds are blocked until the basis of allotment of Gujarat Kidney And Super Speciality IPO is finalised.
Gujarat Kidney And Super Speciality IPO issue size is ₹250.8 crores.
Gujarat Kidney And Super Speciality IPO allotment date is Sat, Jun 27, 2026.
The registrar for Gujarat Kidney And Super Speciality IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Gujarat Kidney And Super Speciality IPO through their official website or helpline.
The Gujarat Kidney And Super Speciality IPO GMP (Grey Market Premium) is ₹1 as of Tue, Dec 30, 2025. Based on the upper price band of ₹114 per share, the estimated Gujarat Kidney And Super Speciality IPO listing price is ₹115, indicating a potential listing gain of approximately 31% over the issue price.