KIMS Hospital IPO: All you need to know
Krishna Institute of Medical Sciences Limited (KIMS), one of the largest healthcare groups in AP and Telangana, will hit the market on Wednesday, June 16, 2021, to raise Rs 2143.74 crores through an Initial Public Offering (IPO) of its units. The company has set the IPO date as well as the price range at which the shares will be offered for sale. Let’s take a peek at the particulars of the KIMS Hospital IPO.
KIMS Hospital IPO Date & Price Band
| IPO Open: | 16 June 2021 |
| IPO Close: | 18 June 2021 |
| Issue Type: | Book Built Issue IPO |
| Issue Size: | Approx ₹2143.74 Crores |
| Fresh Size: | Approx ₹200 Crores |
| Offer for Sale: | Approx ₹1943.74 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹815 – ₹825 Per Equity Share |
| Listing on: | BSE, NSE |
KIMS Hospital IPO Market Lot
| Minimum Lot Size: | Minimum 18 Shares |
| Minimum Amount: | ₹14,850 |
| Minimum Lot Size: | Maximum 234 Shares |
| Minimum Amount: | ₹1,93,050 |
KIMS Hospital IPO Allotment & Listing
| Basis of Allotment: | 23 June 2021 |
| Refunds: | 24 June 2021 |
| Credit to Demat Account: | 25 June 2021 |
| Listing Date: | 28 June 2021 |
Financials of KIMS Hospital IPO
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets (in ₹ millions) | 14,361.54 | 11,958.90 | 11,197.13 |
| Total Revenue (in ₹ millions) | 13,401.02 | 11,287.28 | 9,238.69 |
| Profit After Tax (in ₹ millions) | 2,054.79 | 1,150.72 | (488.07) |
About Krishna Institute of Medical Sciences Limited (KIMS)
Krishna Institute of Medical Sciences Limited (KIMS), founded in 1973, is one of the largest healthcare conglomerates in Andhra Pradesh and Telangana. In tier 2-3 cities, KIMS provides multidisciplinary healthcare services with a focus on primary, secondary, and tertiary care. Oncology, cardiac sciences, neurosciences, gastric sciences, orthopaedics, renal sciences, organ transplantation, and mother and child care are among the services provided by the firm.
As of March 31, 2021, it operates through 9 multi-speciality hospitals under the “KIMS Hospitals” brand, with an aggregate bed capacity of 3,064 beds, including nearly 2,500 operating beds.
Objective of the Issue:
The company plans to use the funds from the IPO for the following purposes:
- To repay/prepay borrowings taken out by the company and its subsidiaries, namely KHKPL, SIMSPL, and KHEPL.
- To fulfil general corporate objectives.