If you are planning to invest in an IPO, here is an important update. Gaudium IVF and Women’s Health, a company that provides fertility services, is launching its IPO. The price band for the issue has been fixed at ₹75 to ₹79 per share.
The IPO will open for subscription on February 20, 2026, and investors can apply until February 24, 2026.
Notably, this will be the first fertility services company to be listed on the Indian stock market.
The lot size has been set at 189 shares, which means retail investors will need to invest at least ₹14,931 at the upper price band of ₹79.
In the gray market, the IPO is currently trading at a premium of ₹12, indicating that the shares may list at about a 16% gain over the issue price.
IPO Structure and Timeline
The total IPO size is around ₹165 crore, which includes:
Fresh issue: ₹90 crore
Offer for Sale (OFS): ₹75 crore
Under the OFS, promoter Manika Khanna will sell part of her stake.
The anchor investor book will open on February 18, 2026. Share allotment is expected to be finalized on February 25, 2026, and the shares are likely to be listed on BSE and NSE on February 27, 2026.
The company had re-filed its draft red herring prospectus with SEBI in September 2025, and it received approval in January 2026.
Use of IPO Funds and Corporate Plans
The company has shared how it plans to use the funds from the fresh issue:
₹50 crore will be used to open new IVF centers
₹20 crore will be used to repay or prepay some existing debt
The remaining amount will be used for general corporate purposes
According to the company, listing on the stock exchange will improve its brand image, increase transparency, and help it raise funds more easily for future expansion.
Company Business and Services
Gaudium IVF and Women’s Health provides in vitro fertilization (IVF) and other fertility treatments in India. The company operates more than 30 centers, including 7 hub centers and 28 spoke centers.
Its centers are located in major cities such as Delhi, Mumbai, Ludhiana, Srinagar, Patna, and Bengaluru.
Along with IVF, the company also offers services such as:
ICSI (Intracytoplasmic Sperm Injection)
IUI (Intrauterine Insemination)
Ovulation induction
With advanced technology and a personalized treatment approach, the company is known for achieving good success rates, especially in complex fertility cases.
