India's first fertility sector IPO, Gaudium IVF, fully subscribed, raised ₹165 crore, set to list Feb. 27.

Gaudium IVF & Women Health Ltd's IPO, the first in India's fertility sector, closed fully subscribed on February 23, 2026, with total bids reaching 1.95 times the offer size. Retail investors led demand, subscribing 2.81 times, while non-institutional investors subscribed 2.56 times; qualified institutional buyers showed minimal interest. The IPO, priced at ₹75–79 per share, raised ₹165 crore, with proceeds to fund 19 new IVF centers, debt repayment, and general needs. The company reported strong financial growth, with FY25 PAT up 85% to ₹19.13 crore. A grey market premium of ₹8.50 suggested a potential listing gain of about 11%. The stock is set to list on BSE and NSE on February 27.