Gujarat Kidney IPO Closes 5x Subscribed, Retail Portion Booked 19x on Final Day

• Gujarat Kidney and Super Speciality IPO closed with an overall subscription of 5 times its offer size on Day 3.
• Retail investors showed strong interest, oversubscribing their reserved portion by 19 times.
• The Rs 251-crore IPO is entirely a fresh issue, with no offer for sale component.
• Proceeds will fund acquisitions (Parekhs Hospital, Ashwini Medical Centre, Harmony Medicare), a new hospital in Vadodara, robotics equipment, and debt repayment.
• Grey Market Premium (GMP) for the IPO is currently flat to 2.63%, a decline from earlier levels.

Why It Matters: Gujarat Kidney IPO closes 5x subscribed, driven by strong retail investor demand despite flat GMP.