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Krishna Institute of Medical Sciences Limited IPO Detail

Krishna Institute of Medical Sciences Limited IPO Detail

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-speciality 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.

Competitive strengths

  • One of the largest corporate healthcare service provider in AP and Telangana.
  • Highly qualified and trained doctors and medical support staff.
  • Strong operational and financial performance.
  • Experienced managerial team.

Company Promoters

Dr. Bhaskara Rao Bollineni, Rajyasri Bollineni, Dr. Abhinay Bollineni, Adwik Bollineni, and Bollineni Ramanaiah Memorial Hospitals Private Limited are the company promoters.

IPO Details

IPO Opening DateJun 16, 2021
IPO Closing DateJun 18, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹815 - 825 per equity share
Market Lot18 Shares
Min Order Quantity18 Shares
Listing AtBSE, NSE
Issue Size₹2,143.74 Cr
Fresh Issue2,424,242 Eq Shares of ₹10 (aggregating up to ₹200.00 Cr)
Offer for Sale23,560,538 Eq Shares of ₹10 (aggregating up to ₹1,943.74 Cr)
Employee Discount₹40
Retail Portion -

IPO Tentative Timetable

The Krishna Institute of Medical Sciences Limited IPO open date is Jun 16, 2021, and the close date is Jun 18, 2021. The issue may list on Jun 28, 2021.

IPO Open DateJun 16, 2021
IPO Close DateJun 18, 2021
Basis of Allotment DateJun 23, 2021
Initiation of RefundsJun 24, 2021
Credit of Shares to Demat AccountJun 25, 2021
IPO Listing DateJun 28, 2021

IPO Lot Size

The Krishna Institute of Medical Sciences Limited IPO market lot size is 18 shares. A retail-individual investor can apply for up to 13 lots (234 shares or ₹193050).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding46.81%
Post Issue Share Holding38.84%

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 14,361.54 13,401.02 2,054.79
31-Mar-20 11,958.90 11,287.28 1,150.72
31-Mar-19 11,197.13 9,238.69 488.07

Objects of the Issue:

The Net IPO proceeds will be utilized towards the following purposes;

  • To make repayment/prepapyment of borrowings availaled by the firm and subsidiaries i.e. KHKPL, SIMSPL, and KHEPL.
  • To meet general corporate purposes.