After a relatively subdued phase in the primary market, IPO activity is poised to gain momentum next week. Two new public issues are set to open for subscription, while three companies including Fractal Analytics and Aye Finance are scheduled to make their stock market debut.
The renewed pipeline signals a gradual revival in primary market participation following a quiet stretch in recent weeks.
Gaudium IVF & Women Health IPO Opens February 20
The key mainboard IPO to watch next week is Gaudium IVF & Women Health, which will open for subscription on February 20 and close on February 24. The company is expected to list on the BSE and NSE on February 27, with the allotment likely to be finalised on February 25.Ahead of its opening, there is no grey market premium available for the issue.
Gaudium IVF is offering 2.09 crore shares through a combination of a fresh issue of 1.14 crore shares and an offer for sale of 0.95 crore shares. The price band is yet to be announced.
The net issue allocation structure provides that not more than 50 percent will be reserved for qualified institutional buyers, not less than 35 percent for retail investors, and not less than 15 percent for non institutional investors.
Company Profile and Financial Performance
Incorporated in 2015, Gaudium IVF operates in the assisted reproductive technology segment, providing services such as IVF, ICSI, IUI and other fertility treatments. The company follows a hub and spoke model and operates over 30 locations, including seven hubs across Delhi, Mumbai, Bengaluru, Patna and other cities. It also caters to international patients.On the financial front, Gaudium IVF has reported steady growth. For FY25, the company posted total income of Rs 70.96 crore and a profit after tax of Rs 19.13 crore. For the six months ended September 2025, total income stood at Rs 49.75 crore, while profit after tax was Rs 12.51 crore.
Fractal Industries SME IPO to Open February 16
In the SME segment, Fractal Industries will open its IPO for subscription from February 16 to February 18. The issue is priced in the band of Rs 205 to Rs 216 per share and is expected to list on the BSE SME platform.Three IPO Listings Scheduled Next Week
On the listing front, three companies are set to debut next week.Fractal Analytics, which closed its IPO with an overall subscription of just over two times, will list on February 16 on both the BSE and NSE. The issue received stronger interest from qualified institutional buyers, with subscription exceeding four times. The retail and non institutional investor portions were subscribed just over one time each.
Aye Finance is also scheduled to list next week. The issue witnessed strong momentum on the final day of bidding, supported by institutional participation.
Both Fractal Analytics and Aye Finance are currently commanding a negative grey market premium, reflecting subdued listing expectations. The muted outlook is attributed to less than expected demand during subscription and prevailing weakness in the secondary market.
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