Gujarat Kidney and Super Speciality IPO
Gujarat Kidney and Super Speciality Limited (GKSL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 30 December 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +5.5% (likely range -10% to +13%), day's high +15.8%, chance of a gain 82%. Actual: +5.3% at the open, +7.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 77,26,880 | 81,88,928 | 1.06x | |
| NII (HNI) total | 33,00,000 | 1,88,99,840 | 5.73x | |
| Big NII (above ₹10 lakh) | 22,00,000 | 1,15,52,896 | 5.25x | |
| Small NII (₹2-10 lakh) | 11,00,000 | 73,46,944 | 6.68x | |
| Retail | 22,00,000 | 4,18,80,320 | 19.0x | |
| Total | 1,32,26,880 | 6,89,69,088 | 5.21x |
Bids on NSE and BSE together, as published by NSE, as of 24 Dec 2025, 07:00 PM. Shares offered exclude the anchor portion. 52% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Gujarat Kidney and Super Speciality's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Shriram PropertiesDec 2021 | 1.85x | 4.82x | 12.7x | 4.60x | ₹627 Cr | -23.7% | -9.8% |
| Garuda Construction and EngineeringOct 2024 | 1.24x | 9.03x | 10.8x | 7.55x | ₹275 Cr | +10.5% | +27.4% |
| Veranda Learning SolutionsMar 2022 | 2.02x | 3.87x | 10.8x | 3.53x | ₹325 Cr | -8.8% | -4.2% |
| Apex Frozen FoodsAug 2017 | 1.91x | 7.82x | 8.53x | 6.14x | ₹152 Cr | +15.4% | +21.2% |
| Anlon HealthcareAug 2025 | 1.07x | 10.6x | 47.3x | 7.12x | ₹257 Cr | +1.1% | +1.6% |
| Barbeque-Nation HospitalityMar 2021 | 5.11x | 3.10x | 13.1x | 5.98x | ₹453 Cr | -2.0% | +17.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Nirbhay Capital Services | 2 | +2.6% | 50% |
Offer documents (NSE)
Frequently asked
What is the Gujarat Kidney and Super Speciality IPO price band and lot size? ₹108–114 per share, with a lot of 128 shares, so the smallest retail bid is ₹14,592.
How many times has it been subscribed? 5.21x overall: QIB 1.06x, NII 5.73x, retail 19.0x.
How did it list? It opened at ₹120, +5.3% against the issue price of ₹114, and closed its first day -8.3%.
