Healthcare IPOs always attract attention. But when a hospital chain shows rapid revenue growth, strong margins, and expansion plans, investors naturally want to look closer.
The Gujarat Kidney & Super Speciality Ltd. IPO is opening soon, and it’s a pure fresh issue focused on hospital expansion, acquisitions, and advanced medical infrastructure.
Let’s break down everything you need to know - IPO details, price band, financials, strengths, risks, and whether this IPO is worth tracking.
Gujarat Kidney IPO Key Details December 2025
The following section explains the basic structure and size of the Gujarat Kidney & Super Speciality Ltd. IPO:
Particulars
Details
IPO Type
Book Building IPO
Issue Size
₹250.80 Crore
Fresh Issue
2.20 crore shares
Offer for Sale
Nil
Face Value
₹2 per share
Listing
BSE, NSE
This IPO is 100% fresh issue, which means all funds raised will go directly into the company.
Gujarat Kidney IPO Important Dates
The following is the tentative IPO timeline for Gujarat Kidney & Super Speciality Ltd.
Event
Date
IPO Open Date
Mon, Dec 22, 2025
IPO Close Date
Wed, Dec 24, 2025
Allotment
Fri, Dec 26, 2025
Refund Initiation
Mon, Dec 29, 2025
Shares Credit to Demat
Mon, Dec 29, 2025
Listing Date
Tue, Dec 30, 2025
UPI Cut-off Time
5 PM on Dec 24, 2025
Gujarat Kidney IPO Share Price Band & Lot Size
This section explains how much retail and HNI investors need to invest in the Gujarat Kidney IPO:
Category
Details
Price Band
₹108 to ₹114 per share
Lot Size
128 shares
Retail Minimum Investment
₹14,592
sNII Minimum Investment
₹2,04,288
bNII Minimum Investment
₹10,06,848
Gujarat Kidney IPO Lot Size Details
The following table shows minimum and maximum bidding limits:
Application
Lots
Shares
Amount
Retail (Min)
1
128
₹14,592
Retail (Max)
13
1,664
₹1,89,696
S-HNI (Min)
14
1,792
₹2,04,288
S-HNI (Max)
68
8,704
₹9,92,256
B-HNI (Min)
69
8,832
₹10,06,848
Gujarat Kidney IPO Reservation
The following section explains investor category-wise reservation:
Investor Category
Reservation
QIB
Not less than 75%
NII
Not more than 15%
Retail
Not more than 10%
Gujarat Kidney & Super Speciality Ltd. Business Operations
The following section explains the company’s business model and operations.
Incorporated in 2019, Gujarat Kidney & Super Speciality Ltd. (GKASSL) is a fast-growing multispeciality hospital chain focused on secondary and tertiary healthcare services across Gujarat.
The company currently operates:
7 multispeciality hospitals
4 pharmacies
490 total beds
340 operational beds
Key Hospital Locations
Vadodara
Godhra
Bharuch
Borsad
Anand
Services Offered by Gujarat Kidney & Super Speciality Ltd.
The following is the service portfolio for Gujarat Kidney & Super Speciality Ltd.
Secondary Care
General medicine
Surgical treatments
Tertiary & Super Speciality Care
Renal sciences & urology
Orthopaedics & joint replacement
Obstetrics & gynaecology
Minimally invasive surgery
Non-interventional cardiology
Diabetology & anaesthesiology
As of June 30, 2025, the company employs:
89 doctors
332 nurses
338 other staff
Gujarat Kidney IPO Financial Performance
The following table shows the consolidated financial performance of Gujarat Kidney & Super Speciality Ltd.
Financials (₹ Crore)
Period Ended
30 Jun 2025
31 Mar 2025
31 Mar 2024
31 Mar 2023
Assets
61.59
55.34
20.53
3.87
Total Income
15.27
40
5.48
0.00
PAT
5.4
10
1.71
-0.01
EBITDA
8.63
17
1.95
-0.01
Net Worth
30.56
26
10.8
0.37
Borrowings
4.03
3.88
1.94
—
Key highlight: Revenue grew by 637% and PAT jumped 454% between FY24 and FY25.
The following KPIs help evaluate profitability and valuation:
KPI
Value
ROE
36.61%
ROCE
37.65%
Debt-Equity
0.15
PAT Margin
23.61%
EBITDA Margin
41.12%
Price to Book
22.62
Valuation: EPS & P/E
The following section explains valuation metrics for Gujarat Kidney IPO:
Particulars
Pre-IPO
Post-IPO
EPS (₹)
1.85
2.74
P/E (x)
61.62
42
Promoter Holding
99.10%
71.45%
Gujarat Kidney IPO Promoters
The promoters of Gujarat Kidney & Super Speciality Ltd. are:
Dr. Pragnesh Yashwantsinh Bharpoda
Dr. Bhartiben Pragnesh Bharpoda
Dr. Yashwantsingh Motisinh Bharpoda
Anitaben Yashwantsinh Bharpoda
Competitive Strengths of Gujarat Kidney & Super Speciality Ltd.
The following are the key strengths of the company:
Strong presence in renal sciences & urology
Asset-light hospital expansion model
High profitability and margin profile
Ability to attract skilled medical professionals
Proven operational and financial growth
Objects of the Gujarat Kidney IPO
The following table explains how IPO funds will be utilised:
Purpose
Amount (₹ Cr)
Acquisition of Parekhs Hospital, Ahmedabad
77
Payment for Ashwini Medical Centre
12.4
New hospital setup in Vadodara
30.1
Robotics equipment purchase
6.83
Repayment of borrowings
1.2
Inorganic growth & corporate purposes
—
Increase stake in Harmony Medicare Pvt Ltd
10.78
Should You Consider Gujarat Kidney IPO?
This IPO stands out because of:
Explosive revenue growth
High margins
Clear expansion strategy
Strong ROE & ROCE
However, investors should also note:
High valuation multiples
Dependence on regional operations
Healthcare execution risks
Follow us for regular updates on the Gujarat Kidney IPO GMP and its expected listing price trends. And also, we have a dedicated article on upcoming IPOs in December 2025, wherein you can check all the IPOs that were launched in December 2025 along with upcoming IPOs for December 2025.
Disclaimer
We strive to provide the most updated and accurate IPO information. However, figures and dates may change due to market conditions or company announcements. Please verify details from official sources before making investment decisions.
Frequently Asked Questions
What is the Gujarat Kidney IPO?
The Gujarat Kidney IPO is a main-board IPO of 2.20 crore equity shares aggregating to ₹250.80 crore, entirely a fresh issue.
When will the Gujarat Kidney IPO open?
The Gujarat Kidney IPO opens on December 22, 2025, and closes on December 24, 2025.
What is the lot size of Gujarat Kidney IPO?
The Gujarat Kidney IPO lot size is 128 shares, requiring a minimum retail investment of ₹14,592.
When is Gujarat Kidney IPO allotment date?
The allotment for the Gujarat Kidney IPO is expected on December 26, 2025.
When is Gujarat Kidney IPO listing date?
The Gujarat Kidney IPO is expected to list on December 30, 2025, on BSE and NSE.
Author: Diwakar Singh
Diwakar Kumar Singh is a certified SEO content writer and finance specialist with 7+ years of experience in the BFSI industry. He has written 1,000+ finance articles, published books across seven countries and authored research papers.
In 2018, he was awarded a Gold Medal in Marketing and Finance from IMT Hyderabad. He combines analytical strength with clear communication. Diwakar simplifies complex financial concepts, decodes unlisted shares, analyses IPOs, ratios and company profiles and delivers evidence-backed insights that help investors make informed decisions. communication.
Beyond finance, Diwakar is a dedicated fitness enthusiast and the founder of TheFitnessJournal. He also holds a nutrition certification from ISSA, USA, and writes about health, nutrition and science-backed wellness in a simple and approachable style. His ability to excel in two demanding fields makes him a versatile creator committed to clarity, accuracy and meaningful impact.