Gujarat Kidney And Super Speciality Limited
Minimum investment
Bidding date
22 Dec - 24 Dec 2025
Price range
₹108 - ₹114
Minimum quantity
128
Minimum investment
₹13,824
Issue size
₹251 Cr.
IPO doc (link)
RHP docsListing exchange
NSE/BSE
Category | Subscription |
|---|---|
Qualified Institutional Buyers | 0.89x |
Retail Individual Investor | 14.22x |
Non-Institutional Investor | 4.14x |
Others | - |
Total | 14.22x |
Gujarat Kidney & Super Speciality Ltd. was incorporated in 2019 and operates a chain of multi-speciality hospitals across Gujarat. The company provides secondary and tertiary healthcare services with a strong focus on renal sciences and super-speciality surgical care. As of June 30, 2025, the company operates seven multi-speciality hospitals and four pharmacies, with a total bed capacity of 490 beds, out of which 340 beds are operational. Its hospitals are located in key cities including Vadodara, Godhra, Bharuch, Borsad, and Anand, giving it a strong regional presence in central Gujarat.
The company offers a wide range of medical services such as internal medicine, general and laparoscopic surgery, orthopaedics, joint replacement, obstetrics and gynaecology, diabetology, non-interventional cardiology, and anaesthesiology. Gujarat Kidney & Super Speciality is supported by a team of 89 doctors, 332 nurses, and 338 other staff members, enabling consistent service delivery across its facilities.
Strong Regional Hospital Network: The company operates a well-established network of multi-speciality hospitals across Gujarat, helping it build strong regional brand recognition and patient trust in key healthcare markets.
Healthy Operating Margins: Gujarat Kidney & Super Speciality has reported strong EBITDA and PAT margins, reflecting efficient hospital operations and better cost management compared to many peers.
Low Financial Leverage: With a debt-to-equity ratio of 0.15, the company maintains a conservative balance sheet, reducing financial risk and improving long-term sustainability.
Experienced Promoter Management: The promoter group includes experienced medical professionals, which supports clinical quality, operational decision-making, and strategic growth planning.
Anchor Investor Participation: The participation of anchor investors with an investment of over Rs. 100 Cr provides additional confidence in the IPO and indicates institutional interest.
Geographic Concentration: The company’s operations are largely concentrated in Gujarat, which limits geographic diversification and increases exposure to regional demand fluctuations.
Highly Competitive Healthcare Sector: The Indian healthcare industry is fragmented and competitive, which may impact pricing power and long-term margin sustainability.
Sustainability of High Margins: The sharp improvement in margins in recent years raises concerns about whether such profitability levels can be maintained over the long term.
Valuation Concerns: Based on price-to-earnings multiples, the IPO appears relatively expensive, which may limit listing-day upside for conservative investors.
Dependence on Key Medical Professionals: The business relies heavily on skilled doctors and specialists, and any difficulty in retaining key personnel could affect operations and growth.
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Jun'25
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