Gaudium IVF to Pioneer Market Entry with Rs 165 Crore IPO

Fertility services provider Gaudium IVF and Women Health Ltd has set a price band of Rs 75-79 per share for its initial public offering (IPO) aimed at raising Rs 165 crore. The IPO opens on February 20, making Gaudium the first in its sector to enter the public markets.

The offering consists of 1.14 crore fresh equity shares and an offer for sale of 95 lakh shares by its promoter, Manika Khanna. Proceeds from the fresh issue will fund the establishment of 19 new IVF centers, debt repayments, and general corporate activities.

Gaudium IVF, known for its pioneering role in assisted reproductive technologies, plans to expand into underserved areas of India. The sector, projected to grow at a 13% CAGR, presents considerable opportunities for market players. The company's debut on stock exchanges is set for February 27, with Sarthi Capital Advisors leading the issue.