Gaudium IVF IPO shows strong momentum on Day 3. The Rs 165 crore offering has achieved 4.09 times subscription, driven primarily by robust retail and non-institutional investor demand. Retail investors applied 5.23 times their allocation while non-institutional investors subscribed 6.85 times, signaling confidence in the healthcare sector play. However, institutional buyer participation remains tepid at just 4 percent. Grey market premium has moderated to 6.33 percent, down from earlier 11 percent, suggesting a listing price around Rs 84 per share. The mixed institutional interest reflects cautious sentiment among larger funds, though strong retail participation indicates retail optimism about the fertility and women's health business fundamentals ahead of the official market debut.
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