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 Date | Jun 16, 2021 |
| IPO Closing Date | Jun 18, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹815 - 825 per equity share |
| Market Lot | 18 Shares |
| Min Order Quantity | 18 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹2,143.74 Cr |
| Fresh Issue | 2,424,242 Eq Shares of ₹10 (aggregating up to ₹200.00 Cr) |
| Offer for Sale | 23,560,538 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 Date | Jun 16, 2021 |
| IPO Close Date | Jun 18, 2021 |
| Basis of Allotment Date | Jun 23, 2021 |
| Initiation of Refunds | Jun 24, 2021 |
| Credit of Shares to Demat Account | Jun 25, 2021 |
| IPO Listing Date | Jun 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 18 | ₹14850 |
| Maximum | 13 | 234 | ₹193050 |
IPO Promoter Holding
| Pre Issue Share Holding | 46.81% |
| Post Issue Share Holding | 38.84% |
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.
