KIMS IPO will open for subscription from 16 June 2021. the company aims for an issue size of ₹2,143.74 Crore through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Krishna Institute of Medical Sciences Limited
Incorporated in 1973, Krishna Institute of Medical Sciences Limited (KIMS) is one of the largest healthcare groups in AP and Telangana. KIMS provides multi-disciplinary healthcare services with a key focus on primary, secondary, & tertiary care in tier 2-3 cities. The company offers a comprehensive range of healthcare services including oncology, cardiac sciences, neurosciences, gastric sciences, orthopaedics, renal sciences, organ transplantation, and mother & child care.
As of March 31, 2021, it operates through 9 multi-specialty hospitals under the brand name of “KIMS Hospitals” with an aggregate bed capacity of 3,064 under the “KIMS Hospitals” brand, with an aggregate bed capacity of 3,064 including over 2,500 operational beds.
Objects of the Issue
- To make repayment/prepayment of borrowings availed by the firm and subsidiaries i.e. KHKPL, SIMSPL, and KHEPL.
- To meet general corporate purposes.
Competitive strengths
- One of the largest corporate healthcare service providers in AP and Telangana.
- Highly qualified and trained doctors and medical support staff.
- Strong operational and financial performance.
- Experienced managerial team.
Basic details about the company
| Full name | Krishna Institute of Medical Sciences Limited |
| Sector | Healthcare |
| Industry | Hospitals and Healthcare services |
| Company Website | www.kimshospitals.com |
Dates to remember
| IPO Open | 16 June 2021 |
| IPO Close | 18 June 2021 |
| Basis of Allotment | 23 June 2021 |
| Refunds date | 24 June 2021 |
| Credit to Demat Account | 25 June 2021 |
| Listing Date | 28 June 2021 |
IPO details
| Issue type | Book Building |
| IPO issue size | ₹2,143.74 Crores |
| Fresh Issue | ₹200 Crores |
| Offer for sale | ₹1,943.74 Crores |
| Face value | ₹10 Per Equity Share |
| Price band | ₹815 to ₹825 Per Share |
| Retail Allocation | 10% |
| Lot size | 18 Shares |
| Minimum application | 1 Lot–18 Shares |
| Maximum application | 13 Lots-234 Shares |
| Minimum application amount | ₹14,850 |
| Maximum application amount | ₹193,050 |
| Listing Exchange | BSE & NSE |
Financial summary
FY2018 | FY2019 | FY2020 | FY2021 | |
| Revenue | 700.0 | 923.9 | 1,128.7 | 1,340.1 |
| Expenses | 721.4 | 938.9 | 988.2 | 1,061.1 |
| Comprehensive income | -43.9 | -49.8 | 114.1 | 205.0 |
| Margin (%) | -6.3 | -5.4 | 10.1 | 15.3 |
Valuation of KIMS (as of FY2020)
| Earnings Per Share (EPS) | ₹26.42 |
| Price/Earnings (PE ratio) | 30.85 – 31.23 |
| Return on Net Worth (RONW) | 19.93% |
| Net Asset Value (NAV) | ₹80.3 per share |
Company Promoters
- Dr. Bhaskara Rao Bollineni
- Rajyasri Bollineni
- Dr. Abhinay Bollineni
- Adwik Bollineni
- Bollineni Ramanaiah Memorial Hospitals Private Limited
Lead managers
- Axis Capital Limited
- Credit Suisse Securities (India) Private Limited
- IIFL Holdings Limited
- Kotak Mahindra Capital Company Limited
Registrar of KIMS IPO
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: kims.ipo@linkintime.com
Website: http://www.linkintime.co.in
KIMS Contact Details
Krishna Institute Of Medical Sciences Limited
D. No. 1-8-31/1,
Minister’s Road,
Secunderabad – 3,
Telangana 500 003
Phone: +91 40 4418 6000
Email: cs@kimshospitals.com
Website: www.kimshospitals.com
KIMS IPO Allotment Status
KIMS IPO allotment status will be available on KFin Technologies’ website.
Click on this link to get allotment status.
Final thoughts
KIMS IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing
Pingback: IPO List 2021: a complete list of IPOs in 2021 - finvestfox.com