Manika Khanna, Founder and CEO, Gaudium IVF with Sriram Krishnan, Chief Business Development Officer, NSE, at the listing ceremony

Shares of Gaudium IVF and Women Health made a decent debut on the bourses on Friday. After listing with a 5 per cent premium at ₹83 on the BSE, the stock further rose to ₹87.25, but surrendered almost all the gains to close at ₹80.48, up 1.87 per cent, against the IPO price ₹79.

On the NSE, the shares of fertility services provider ended at ₹80.26, up 1.59 per cent.

The ₹165 crore IPO of Gaudium IVF was subscribed 7.27 times, thanks to a strong interest from non-institutional and retail investors. The retail portion was subscribed 7.6 times, while the non-institutional investor (NII) by 14.05 times. The quota for qualified institutional buyers received bids for 1.62 times.

Anchor investors

Ahead of the public issue, Gaudium IVF raised ₹49.5 crore from anchor investors. The anchor participants include Meru Investment Fund PCC-Cell, Sanshi Fund I, Hornbill Orchid India Fund and Carnelian India Multi Strategy Fund.

The IPO that hit the market at a price band of ₹75-79 comprised a fresh issue of 1.14 crore shares and an offer for sale of nearly 95 lakh shares by promoter Manika Khanna.

Utility of funds

Proceeds from the fresh issue will be used to set up 19 IVF centres across India, repay debt and meet general corporate expenses, the company said.

With this issue, Gaudium IVF is set to become the first company from India’s fertility care segment to list on the public markets.

Published on February 27, 2026

State Bank of India (SBI) has leased about 1.35 lakh sq ft of office space in Airoli to house its State Bank Global IT Centre, reinforcing the suburb’s growing role as a hub for global capability centres (GCCs).

The public sector lender has taken the space at Newa Bhakti Knowledge City, a commercial development owned by Newa Technocity (India) Private Limited. The fresh lease, which commenced on February 15, 2026, spans floors four to nine and covers a carpet area of 1,34,744 sq ft, according to property analytics firm Propstack.

SBI will be paying a monthly rent of about ₹125.05 for translating into a monthly outgo of approximately ₹1.68 crore. The rent includes fit-outs, indicating a plug-and-play setup aimed at speeding up occupancy and operational readiness. The lease tenure is five years, with a security deposit of ₹10.11 crore. The agreement provides for a 15 per cent escalation in rent after five years in case of renewal.

Raja Seetharaman, cofounder Propstack, shared that the lease of over 1.34 lakh sq. ft. at Newa Bhakti Knowledge City by State Bank of India (GITC) underscores the continued preference for Airoli as a primary hub for Global Capability Centers (GCCs) in the MMR. This long-term commitment, starting at a rent of approximately ₹125 per sq. ft. (inclusive of fit-outs), reflects the robust demand for high-quality IT infrastructure that can support large-scale digital banking operations. It is a clear indicator that institutional tenants are prioritising consolidated, ready-to-use spaces to drive their technological mandatesper sq ft.”

Airoli, located in the Navi Mumbai node of the Mumbai Metropolitan Region (MMR), is a rapidly developing, high-demand real estate micro-market, primarily driven by its position as a major IT/ITES hub.

Wipro Limited has recently leased a large office space at Mindspace SEZ, Airoli East (MIDC Industrial Area). Airoli has witnessed steady commercial leasing activity in recent months, and with recent deals the area is becoming attractive amid evolving workplace strategies across the Mumbai Metropolitan Region.

Published on February 27, 2026

IIFL Home Finance today said it has signed a $300 million loan agreement with the Asian Development Bank (ADB) to provide affordable housing finance for lower income borrowers, particularly women in India, according to a statement. 

This loan is IIFL Home Finance’s maiden syndicated external commercial borrowing. The financing package, led by ADB as the mandated lead arranger and bookrunner (MLAB), comprises $150 million from ADB and $150 million in parallel loans from MUFG (MLAB), Emirates Bank (Mandated Lead Arranger), Sampath Bank (Lead Arranger – LA) and Hatton National Bank (LA).

The housing finance company has set a target that over 25 per cent of the loan proceeds will be extended towards green-certified affordable homes.

“India’s affordable housing deficit is most pronounced among economically weaker and low income households, particularly women, who constitute only 13 per cent of homeowners. Addressing this gap necessitates the adoption of sustainable and climate resilient construction practices,” said ADB Country Director for India, Mio Oka. “We are pleased to support IIFL HFL’s leadership in expanding access to lowincome women homeowners while advancing affordable, greencertified housing.” 

Published on February 27, 2026