Indian hospital chain Gujarat Kidney flat on trading debut

About this update from Gujarat Kidney & Super Speciality Ltd.

** Shares of Gujarat Kidney and Super Speciality NSE:GKSL 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)

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