Gaudium IVF shares end nearly 2 pc higher in market debut trade

New Delhi, Feb 27 (PTI) Shares of fertility services provider Gaudium IVF and Women Health Ltd on Friday ended with a premium of nearly 2 per cent against the issue price of Rs 79.

The stock started trading at Rs 83, up 5 per cent from the issue price on both the BSE and NSE. During the day, it jumped 10.31 per cent to Rs 87.15 on both the exchanges.

Shares of the firm finally ended at Rs 80.48, up 1.87 per cent on the BSE.

At the NSE, the stock ended at Rs 80.26, up 1.59 per cent.

The company's market valuation stood at Rs 585.79 crore.

In the equity market, the 30-share BSE Sensex tumbled 961.42 points or 1.17 per cent to end at 81,287.19. The 50-share NSE Nifty declined 317.90 points or 1.25 per cent to 25,178.65.

The Initial Public Offering (IPO) of Gaudium IVF and Women Health received 7.27 times subscription on the final day of share sale on Tuesday.

The company's Rs 165-crore IPO had a price band of Rs 75-79 per share.

Gaudium IVF has established itself as a pioneer in assisted reproductive technologies in India. It operates through a hub-and-spoke model, with seven hubs and 28 spokes across multiple states. PTI SUM SUM DR DR