Company Background
The name of the company is Gaudium IVF & Women’s Health Ltd. GODM IV is a women’s health limited. Its establishment, by Dr. Monica Khanna in 2009, was incorporated in 2015. And, as the name suggests, it helps with IVF treatments.
IVF means In Vitro Fertilization. IVF treatment helps couples towards parenthood. It helps in achieving pregnancy. You must have heard of a test-tube baby. It is a part of IVF treatment. Apart from this, it helps with women’s problems like PCOD, PCOS, etc. So basically, it is a company that provides IVF treatments and women’s health services.
This is their main business model. And this is the first company in the fertility sector that is listed on the stock market. So this company can get a first-mover advantage. Now, across India, there are 30+ IVF centers. In which you can see 7 centers and 28 branches. You can see that the company is running at this time.
IPO Details
Dates: Tomorrow, i.e., on 20th Feb, this IPO is opening. As you can see, this IPO will run from 20th February to 24th February, and on 27th February it will be listed on the BSE and NSE exchanges.
- Price Band: The price band you will see is around Rs. 75-89. After that, you will see that Rs. 5 per share is its face value
- Issue Size: But friends, the total issue size of the company is Rs. 165 crore. Of which, 90 crore shares will be issued by the company, valued at around Rs. 1.13 crore. And the company will get Rs. 90, which will be the fresh issue part. But the promoters of the company will sell shares of Rs. 75 crore through an offer for sale. So, as friends, GODM IV has joined 49.5 crores for its anchor book.
- Lot Size & Value: Approximately Rs. 190 in equity shares will be given to you per lot. One lot is of Rs. 189. You can see that the retailer’s minimum category for a load size is 14,971 rupees, which will be Rs. 14,931. If you want to apply in the small HNI category, then you have to apply for 14 lots. I.e., Rs. 2,646 CS. And its amount is Rs. 2,09,034. And in the big HNI category, there are 67 lot criteria.
Reservations: The best and biggest news for retailers is that 35% of the shares will be available to them under this IPO, and 50% for those in the QIP category. You can see NNI and HNI, 15% shares will be offered
Financials
How is the company’s financial update going? This company is demanding a market capitalization of 575 crores. In general, the P-E ratio of 23 doesn’t seem very overvalued. If you check the company’s ROE, then it is 21%. If you look at the ROC, it is 20%. And you will see the PAT margin is around 25%. And if we talk about its Earnings on EPS, it is 3.4.
| Revenue | In 2023, the company’s revenue was only 44 crores. Which became 48 crores in 2024. And after that, in 2025, the company reported a good growth rate in its top line. From 48 crores to almost 71 crores. |
| Profit | If we talk about the company’s profit amount, In 2023, the profit was 13.5 crores. From 13.5 crores to 10.3 crores. From 10.3 crores, this company earned a profit of 19 crores in 2025. And if we talk about this financial year, In H1, the company’s profit amount was 12.5 crores. |
| Debt | If we talk about its debt amount, In 2023, its debt was 9.8 crores. Which is now 22.5 crores. And according to the debt of 22 crores, Their debt-to-equity ratio is only 0.38. |
Use of Proceeds
And a major part of the proceeds from this IPO will be used to open new centers. So, friends, the company will make its capital expenditure here, and the new IVF center will open for 50 crores. You can also see that the company is using 20 crores just to do repayment, etc. And for general corporate purposes, it will use the remaining.
Grey Market Premium (GMP)
Now, let’s talk about the most important point. About the GMP of this IPO. I.e., about the grey market premium. So, in the grey market, CS of Gaudium IVF is getting around 15% premium. Although till yesterday, its GMP was around 20%. But now, it has fallen in GMP. So you can see from 15 rupees that when the company was running 19% GMP here. So friends, you can see from 15 to 12 rupees, then 8.5 rupees GMP, Almost 11% Premium, which is running on a load of around 160 rupees. So, in these 4 IPOs, Gaudium IVF has the highest GMP.
