KIMS IPO-Krishna Institute of Medical Sciences IPO

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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 nameKrishna Institute of Medical Sciences Limited
IndustryHospitals and Healthcare services

Dates to remember

IPO Open16 June 2021
IPO Close18 June 2021
Basis of Allotment23 June 2021
Refunds date24 June 2021
Credit to Demat Account25 June 2021
 Listing Date28 June 2021

IPO details

Issue typeBook 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 Allocation10%
Lot size18 Shares
Minimum application1 Lot18 Shares
Maximum application13 Lots-234 Shares
Minimum application amount₹14,850
Maximum application amount₹193,050
Listing ExchangeBSE & NSE

Financial summary

Comprehensive income-43.9-49.8114.1205.0
Margin (%)-6.3-5.410.115.3

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

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

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

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