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GKSL Gujarat Kidney and Super Speciality News Story

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Indian hospital chain Gujarat Kidney flat on trading debut

** Shares of Gujarat Kidney and Super Speciality GUJK.NS down about 1% at 112.97 rupees on trading debut

** Hospital chain listed at 120 rupees, a 5.3% premium to its IPO issue price of 114 rupees

** GUJK currently valued at 8.91 billion rupees ($99.1 million)

** GUJK's 2.51 billion rupee IPO was subscribed 5.2 times over, with demand led by retail and non-institutional investors

** Co plans to utilise IPO proceeds for funding existing and future hospital acquisitions as well as for purchasing new machinery

($1 = 89.9220 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

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