Gujarat Kidney IPO Opens Strong: Retail Investors Drive 3.83x Subscription on Day 1

• Gujarat Kidney and Super Speciality IPO, a ₹251 crore fresh issue, opened today (Dec 22) for subscription.
• The IPO saw strong investor interest on Day 1, with overall subscription at 0.94 times by 2:54 PM.
• Retail investors showed significant enthusiasm, subscribing their portion 3.83 times, while NIIs subscribed 1.23 times.
• Funds raised will be used for acquiring Parekh Hospital, building a new hospital in Vadodara, and purchasing robotic equipment.
• The Grey Market Premium (GMP) is approximately 6% above the issue price, indicating positive sentiment despite a slight dip.

Why It Matters: Gujarat Kidney IPO sees robust retail demand and positive GMP on opening day, signaling investor confidence.