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Gujarat Kidney IPO goes live, set for 7-9% premium listing
Business
Gujarat Kidney and Super Speciality Ltd's IPO opens on December 22, letting investors buy in at ₹108-114 per share until December 24.
There's already buzz in the gray market, with the gray market premium at 7-9%, indicating a possible listing gain.
What's the money for?
The funds raised will help Gujarat Kidney expand—think acquiring Parekhs Hospital in Ahmedabad, finishing up payments for Ashwini Medical Centre, setting up a new hospital in Vadodara, adding robotics equipment, and paying down debt.
Right now, they run seven multi-speciality hospitals with 340 beds.
Share allotment is expected by December 26 and listing on December 30, so investors won't have to wait long to see what happens next.