Gujarat Kidney & Super Speciality's Rs 251 Cr IPO Opens Dec 22; Price Band Set

• Gujarat Kidney and Super Speciality Ltd's Rs 251 crore Initial Public Offering (IPO) will open for subscription from December 22 to December 24.
• The price band for the IPO has been set at Rs 108-114 per share, with the offering comprising a fresh issue of up to 2.2 crore equity shares.
• Proceeds from the IPO will fund the acquisition of Parekhs Hospital, part-payment for Ashwini Medical Centre, and a new hospital in Vadodara.
• Funds will also be used for buying robotics equipment, debt repayment, funding inorganic growth, and general corporate purposes.
• The company operates seven multispeciality hospitals in central Gujarat, with 75% of the offer reserved for QIBs, 15% for NIIs, and 10% for retail investors.

Why It Matters: Gujarat Kidney & Super Speciality launches Rs 251 Cr IPO to expand healthcare footprint.