Upcoming IPO

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

Total Assets (in ₹ millions)14,361.5411,958.9011,197.13
Total Revenue (in ₹ millions)13,401.0211,287.289,238.69
Profit After Tax (in ₹ millions)2,054.791,150.72(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.

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