The Gaudium IVF IPO Day 3 saw strong momentum building up as the issue was subscribed 3.87 times by 10:45 AM on its final day of bidding. Investor interest remained steady through the morning session.
Retail and non-institutional investors led the charge. Institutional participation, however, stayed limited.
Here’s a clear breakdown of what happened on Gaudium IVF IPO Day 3 and why the numbers matter.
Market Performance: Gaudium IVF IPO Day 3 Subscription Status
By mid-morning on Day 3, exchange data showed:
- Total bids received: 5.65 crore shares
- Total issue size: 1.46 crore shares
- Overall subscription: 3.87 times
The demand pattern tells a simple story — strong interest from individual and high-ticket investors, cautious participation from institutions.
The Gaudium IVF IPO Day 3 numbers reflect solid traction in the public portion of the issue.
Retail Investors Push Subscription Higher
Retail participation remained a key driver.
- Retail quota reserved: 73.10 lakh shares
- Retail bids received: 3.63 crore shares
- Retail subscription: 4.96 times
Within the retail segment:
- Cut-off bids: 3.05 crore shares
- Price bids: 57.61 lakh shares
Most retail bidders opted for the cut-off price. This usually indicates investors were willing to subscribe at the final discovered price within the band.
Retail demand staying near five times subscription on the last day shows steady interest rather than last-minute panic buying.
NII Segment Sees Strong Traction
The non-institutional investor category showed even stronger numbers.
- Overall NII subscription: 6.42 times
Break-up within NII:
- Small NII (₹2–10 lakh applications): 8.97 times
- Big NII (above ₹10 lakh): 5.14 times
Small NII investors displayed the highest enthusiasm. The nearly 9x subscription in this segment reflects aggressive bidding in the mid-ticket category.
The Gaudium IVF IPO Day 3 momentum was clearly backed by this segment.
QIB Participation Remains Modest
Institutional participation remained limited.
- QIB quota reserved: 41.77 lakh shares
- Bids received: 1.19 lakh shares
- Subscription level: 3%
Compared to retail and NII demand, QIB subscription stood much lower at the time of reporting.
This uneven demand pattern shaped the overall subscription mix on Day 3.
IPO Structure: Issue Size and Price Band
The Gaudium IVF IPO is a ₹165 crore book-built issue.
The issue comprises:
- Fresh issue: ₹90 crore
- Offer for Sale (OFS): ₹75 crore by promoter and founder Dr Manika Khanna
Price band: ₹75–₹79 per share
The issue closes for subscription later today.
Anchor Investor Participation Before IPO
Ahead of the public subscription, the company raised ₹49.5 crore from four anchor investors on February 19.
- Shares allocated to anchors: 62.65 lakh
- Allocation price: Upper end of price band
Anchor participation included:
- Meru Investment Fund – Nearly ₹17 crore
- Sanshi Fund – About ₹12.5 crore
- Hornbill Orchid India Fund – ₹10 crore
- Carnelian India Multi-Strategy Fund – ₹10 crore
This anchor placement happened before Gaudium IVF IPO Day 3, providing early institutional backing.
Company Details: Gaudium IVF and Women Health
Incorporated in 2015, Gaudium IVF is a New Delhi-based fertility services provider.
The company operates on a hub-and-spoke model.
Operational network includes:
- 7 hubs across key markets:
- Delhi
- Mumbai
- Punjab
- Jammu and Kashmir
- Bihar
- Bangalore
- 28 spoke centres through strategic alliances with infertility specialists
This expansion model allows centralised expertise while widening geographic reach.
Use of IPO Proceeds
The company has outlined planned utilisation of fresh issue funds:
- ₹50 crore – Establishment of 19 new IVF centres
- ₹20 crore – Repayment of certain outstanding loans
- Remaining amount – General corporate purposes
Expansion and debt reduction form the key allocation areas.
Listing Timeline
As per the schedule:
- Share allotment expected: February 25
- Proposed listing date: February 27
- Proposed exchanges: BSE and NSE
With Gaudium IVF IPO Day 3 closing today, the next key milestone will be the final subscription numbers and allotment process.
What Gaudium IVF IPO Day 3 Tells Us?
The data from Gaudium IVF IPO Day 3 shows a clear trend:
- Retail investors showed strong participation.
- Small NII applications were highly aggressive.
- Institutional demand remained muted at the time of reporting.
Total bids crossed 5.65 crore shares against an offer of 1.46 crore shares, pushing overall subscription to 3.87 times.
The subscription pattern reflects differentiated investor participation across categories.
Summary of Gaudium IVF IPO Day 3
The Gaudium IVF IPO Day 3 closed with solid participation momentum through the morning session. Retail and NII investors drove the demand, with subscriptions of 4.96x and 6.42x respectively. Small NIIs stood out at 8.97x.
The issue size stands at ₹165 crore, with a price band of ₹75–₹79 per share. The company plans to use funds for expansion and loan repayment.
With allotment expected on February 25 and listing scheduled for February 27, market attention now shifts to final subscription data and debut performance.
For now, Gaudium IVF IPO Day 3 highlights strong public participation backed by numerical traction across retail and NII categories.
Source: Moneycontrol
Easy & quick
Leave A Comment?