Kolkata: Gaudium IVF IPO had decent success on Feb 20, the first day of the bidding window. It collected 0.90 times subscription — 1.42 times in the retail category, 0.00 times in QIB (Ex Anchor) and 0.91 times in the NII category. Clearly the retail investors have reposed faith in the company. However, the QIB potion is of particular significance since they consist of banks and mutual funds who have the skills to analyse an issue threadbare and he deep pockets to invest.
Gaudium IVF IPO is going to raise Rs 165 crore through a book built issue of 2.09 crore shares — a fresh issue of 1.14 crore shares and offer for sale of 0.95 crore shares. The face value of a share is Rs 5, and the price band is Rs 75-79. The minimum investible lot for retail investors is 189 shares and for it a person will need an application money of Rs 14,931.
Joy IVF IPO GMP
According to investorgain, Gaudium IVF IPO GMP on the morning of Feb 21 is Rs 8. In early morning of Feb 20, it was at Rs 8.50. Considering a price of Rs 79, the estimated listing price of Gaudium IVF shares will be Rs 87 and the listing gain will be 10.13%. However, one should remember that GMP is an unofficial indicator which is olatile and cannot guarantee any listing gin.
Gaudium IVF IPO: Allotment and listing dates
Bid closes: Feb 24
Allotment: Feb 25
Refunds: Feb 25
Credit of shares to demat: Feb 26
Listing: Feb 27
Gaudium IVF is headquartered in New Delhi. Apart from the national capital, it functions from as many as 30 locations in Mumbai, Ludhiana, Srinagar, Patna and Bangalore. The struct includes seven hubs and 28 spokes.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.)
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