Overview
- Shares opened at Rs 120.75 on the BSE (5.92% above the Rs 114 upper band) and Rs 120 on the NSE (5.26%).
- The offering comprised 2.2 crore newly issued shares in a Rs 108–114 price band with no offer for sale component.
- The company finalized share allotment on Dec 26, with overall subscription reported as 5.21 times in one account and 3.71 times in another.
- Proceeds are earmarked for acquiring Ahmedabad-based Parekhs Hospital, building a new hospital in Vadodara, repaying debt, and funding inorganic expansion including more shares of subsidiary Harmony Medicare.
- Gujarat Kidney & Super Speciality, incorporated in 2019, operates seven multi‑speciality hospitals with a total capacity of 490 beds across Gujarat.