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Gaudium IVF IPO

Gaudium IVF IPO — date, price band, GMP & allotment 2026

Gaudium IVF & Women Health Limited IPO opens on 20 February 2026 and closes on 24 February, with allotment finalised by 25 February and listing tentatively on 27 February on BSE and NSE. Incorporated in March 2015, the company was founded by Dr Manika Khanna to provide advanced fertility treatments across India using a hub-and-spoke model. It specialises in IVF, ICSI, IUI, ovulation induction, gynaecological care for PCOD/PCOS, and high-risk pregnancy management.

Stock price

Gaudium IVF is listed — here is the live share price.

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The verdict
Strong Apply
86 / 100 · 15 reviews
Read the reviews →
Grey market premium
₹-5
-6% over ₹79 issue price
GMP history →
Subscribed
7.27×
Overall, across all categories
Fully subscribed Live subscription →
Minimum to apply
₹14,931
1 lot · 189 shares at ₹79
Size my application →
Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 11 September.

Key dates Listed
  1. Open 20 Feb 2026
  2. Close 24 Feb 2026
  3. Allotment 25 Feb 2026
  4. Refund/credit 26 Feb 2026
  5. Listing 27 Feb 2026

Issue summary

The terms of the offer, as filed.

IPO Dates 20 to 24 Feb, 2026
Price Band ₹75 – ₹79
Face Value ₹5
Lot Size 189 Shares
Issue Size ₹165 Cr
Sale Type Fresh capital cum OFS
Listing On NSE & BSE
Registrar Bigshare Services Private Limited
Min Investment ₹ 14,931
Reservation
QIB 50%
NII 15%
Retail 35%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 189 shares at the ₹79 cut-off. Drag to size your application.

shares
1 lot lots
If it lists at today's grey market premium of ₹-5
on
Grey market premium is an unofficial, unregulated indicator. It is not a forecast.
Application Lots Shares Amount
Retail (min) 1 189 ₹14,931
Retail (max) 13 2,457 ₹1,94,103
S-HNI (min) 14 2,646 ₹2,09,034
S-HNI (max) 66 12,474 ₹9,85,446
B-HNI (min) 67 12,663 ₹10,00,377

Three years of numbers

All figures in ₹ crore, as reported in the Gaudium IVF offer document.

Total income
49.75
48
71
50
31 Mar 2431 Mar 2530 sep 2025
Profit after tax
12.51
10
19
13
31 Mar 2431 Mar 2530 sep 2025
EBITDA
18.95
19
29
19
31 Mar 2431 Mar 2530 sep 2025
Metric 30 sep 2025 31 Mar 25 31 Mar 24
Revenue 49.75 70.96 48.15
EBITDA 18.95 28.63 19.27
Net Profit 12.51 19.13 10.32
Debt 22.51 15.60 26.00
Assets 106.62 88.51 51.01

See how this IPO compares — view listing performance of all mainboard IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Gaudium IVF RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
22.99
EPS (₹)
3.12
RoCE
39.70
RoNW
41.71
PAT Margin
26.96

Gaudium IVF IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹3.12
P/E Ratio (x) 22.99
Market Cap at Offer Price (₹ Cr) ₹316.76

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹79 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹70.00 Cr of the issue is earmarked to named objects.

Funding capital expenditure towards establishment of New IVF Centers of the Company ₹50.00 Cr
Repayment/pre-payment, in full or in part, of certain outstanding loans availed by our Company; and ₹20.00 Cr
General Corporate Purpose Not stated

Gaudium IVF IPO Anchor Investors

4 anchor investors across 4 fund houses committed ₹49.50 Cr a day before the issue opened.

Anchor Investor Fund House Shares Amount (₹ Cr) % of Anchor Book
Meru Investment Fund Pcc-Cell 1 Meru Investment 2,151,330 17.00 34.33%
Sanshi Fund-I Sanshi 1,582,308 12.50 25.25%
Hornbill Orchid India Fund Hornbill Orchid 1,266,300 10.00 20.21%
Carnelian India Multi Strategy Fund Carnelian 1,265,922 10.00 20.20%
Total anchor allocation 49.50

Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.

About the company

Gaudium IVF is a rapidly growing fertility care provider in India, focused on offering advanced reproductive treatments with a patient-centric approach. The company was founded by Dr. Manika Khanna, a well-known fertility expert, with the aim of making high-quality infertility treatments accessible and affordable. Since its inception, Gaudium IVF has expanded its footprint across multiple cities, building a strong reputation for ethical practices, transparent processes, and high success rates. The organisation combines medical expertise with modern infrastructure to address a wide range of fertility challenges faced by couples.

The company offers a comprehensive suite of services including IVF (in-vitro fertilisation), IUI (intrauterine insemination), ICSI, egg freezing, fertility preservation, and advanced diagnostic solutions. Its business model is primarily clinic-based, generating revenue through treatment cycles, consultations, and specialised procedures. Gaudium IVF focuses on personalised treatment plans, leveraging technology and experienced medical professionals to improve outcomes. By maintaining quality standards and expanding through new centres and partnerships, the company aims to strengthen its presence in India’s growing fertility services market while ensuring consistent patient care and long-term trust.

Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.

Promoters
The Promoters of the company are Dr. Manika Khanna, Dr. Peeyush Khanna and Vishad Khanna.
Promoter holding
6,13,94,384 7,27,86,884
Pre-issue → post-issue
Registered office
Gaudium IVF & Women Health Ltd. Address B1/51, Janak Puri, B-1, New Delhi, New Delhi, 110058
011-4885 8585

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
Sarthi Capital Advisors Pvt.Ltd. View track record →
Red Herring Prospectus
SEBI filing
Final offer document — price band, financials and risk factors. This page is built from it.
Open the RHP
Draft RHP
SEBI filing
The draft filed ahead of approval, useful for comparing what changed.
Open the DRHP

Gaudium IVF IPO Documents

Read the filings this page is built from.

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

1 of their issues has listed so far, and 0 opened above the issue price (average -21.2%). That is too small a sample to read as a hit rate.

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Gaudium IVF
Email

Frequently asked

What is the GMP of Gaudium IVF?

The current Grey Market Premium is ₹-5, or -6% over the issue price.

What is the Gaudium IVF IPO price band?

₹75 to ₹79, on a face value of ₹5.

When is the allotment?

The basis of allotment is 25 February 2026, with listing on 27 February 2026.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.

Gaudium IVF IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹-5
Subscribed
7.27×
Min bid
₹14,931
Size my application