The IPO mania has been reignited again. This week, four companies are raising money from the markets. We bring you all the details about the healthcare group Krishna Institute of Medical Sciences, which goes live on June 16.
Key details
- Price band: ₹815-₹825 per equity share
- Lot size: 18 shares
- IPO size: ₹2,120–2,143 crore
- Fresh issue: ₹200 crore
- Cost per lot: ₹14,850
- Issue opens: 16 June 2021
- Issue closes: 18 June 2021
- Basis of allotment date: 23 June 2021
- Initiation of refunds: 24 June 2021
- Credit of shares to demat account: 25 June 2021
- Expected listing date: 28 June 2021
About Krishna Institute of Medical Sciences
Incorporated in 1973, the healthcare group operates nine multi-specialty hospitals across Andhra Pradesh and Telangana under the brand name ‘KIMS Hospitals’. These hospitals have a combined bed capacity of 3,064.
Its flagship hospital in Secunderabad is one of the largest private hospitals in India with a capacity of around 1,000 beds. KIMS offers a wide range of healthcare services across specialties and super specialties including cardiac sciences, oncology and neurosciences.
The revenue of the company has grown at a CAGR of 20.3% between FY19-21. In the same period, KIMS’ profitability has also improved. It reported a net profit of ₹205 crore in FY21 in comparison to a loss of ₹48 core in FY19.
About the issue
The company will raise ₹200 crore as fresh issue. Of which, it plans to use ₹150 crore for repaying debt and remaining ₹50 crore for general corporate purposes. The offer for sale is ₹1,943 crore.
IPO allocation quota
| QIB | NIB | Retail |
| 75% | 15% | 10% |
To know more about the IPO, read its red herring prospectus here. The issue opens on 16 June 2021 and you can subscribe to Krishna Institute of Medical Sciences with Upstox here. Meanwhile, we’ll keep you posted on all the updates about this IPO and the public issues that follow, so stay tuned!