2021 is proving to be a spectacular year for the new investment opportunities with a number of high-profile and smaller IPOs being listed. The Krishna Institute of Medical Sciences (KIMS) IPO is another upcoming IPO in 2021 that has been making headlines recently. This article includes all the Krishna Institute of Medical Sciences (KIMS) IPO details you need to know.
About the company
Krishna Institute of Medical Sciences (KIMS) is one of the major corporate healthcare groups in the states of Telangana and Andhra Pradesh. It is one of the largest groups since it caters to a huge number of patients and has an extensive range of treatments on offer.
The KIMS Hospitals brand is an umbrella for nine multi-specialty hospitals which together have an aggregate capacity of 3,064 beds, with over 2,500 beds considered operational as of December 31, 2020.
Krishna Institute of Medical Sciences or KIMS Hospitals offer an extensive range of services in the healthcare sector that span 25 specialties, as well as super specialties that include cardiac sciences, neurosciences, oncology, organ transplantation, gastric sciences, renal sciences and mother and child care. The comprehensive scope of KIMS Hospitals has made it one of the leading healthcare groups, as a result of which their new IPO is grabbing a lot of attention in the market.
Krishna Institute of Medical Sciences (KIMS) IPO details
Now that we have covered the company’s area of specialization, let us take a look at some of the key details of the latest IPO proposed by Krishna Institute of Medical Sciences (KIMS).
Krishna Institute of Medical Sciences (KIMS) date
On March 2nd 2021, it was announced that Krishna Institute of Medical Sciences Ltd filed the requisite preliminary papers for floating an IPO with SEBI. The official IPO opening date is yet to be announced.
Krishna Institute of Medical Sciences (KIMS)IPO issue size
According to the draft red herring prospectus (DRHP), the company plans on raising Rs 700 crore initially through a preliminary share sale. The offer details a fresh issue of shares worth Rs. 200 crore with up to 21,340,931 equity shares from promoters and existing shareholders up for sale. Of this aggregate, General Atlantic Singapore KH Pte Ltd would be offering 1,39,77,991 equity shares, Bhaskara Rao Bollineni would be offering 7,75,933 equity shares, Rajyasri Bollineni will offer up to up to 11,63,899 equity shares, and up to 3,87,966 equity shares are to be offered by Bollineni Ramanaiah Memorial Hospitals Pvt Ltd. The proposed offer also includes subscription reservations for eligible employees. Merchant banking sources report that IPO is predicted to fetch about Rs 700 crore.
Krishna Institute of Medical Sciences (KIMS) IPO share price
As of now, 21,340,931 Equity Shares are being offered at an Rs.10 face value. The Price of the shares has not been revealed yet.
Krishna Institute of Medical Sciences (KIMS) IPO listing
Currently listed as a book building issue, the equity shares of Krishna Institute of Medical Sciences (KIMS) will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE).
Krishna Institute of Medical Sciences (KIMS) IPO objectives
KIMS plans on using the proceeds from the fresh issue for repaying the debts of the company and its subsidiaries.
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