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, orthopedics, 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.

Company Financials:

Summary of financial Information (Restated Consolidated)

Particulars

For the year/period ended (₹ in millions)

31-Mar-21

31-Mar-20

31-Mar-19

Total Assets

14,361.54

11,958.90

11,197.13

Total Revenue

13,401.02

11,287.28

9,238.69

Profit After Tax

2,054.79

1,150.72

(488.07)

Objects of the Issue:

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

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

KIMS 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 to ₹825 per equity share

Market Lot

18 Shares

Min Order Quantity

18 Shares

Listing At

BSE, NSE

Issue Size

[.] Eq Shares of ₹10
(aggregating up to ₹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

KIMS IPO Tentative Timetable

The KIMS 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

KIMS IPO Lot Size

The KIMS IPO market lot size is 18 shares. A retail-individual investor can apply for up to 13 lots (234 shares or ₹193,050).

Application

Lots

Shares

Amount (Cut-off)

Minimum

1

18

₹14,850

Maximum

13

234

₹193,050

KIMS IPO Promoter Holding

Pre Issue Share Holding

46.81%

Post Issue Share Holding

38.84%

KIMS IPO Subscription Status (Bidding Detail)

The KIMS IPO is subscribed 0.34x times on Jun 17, 2021 12:00. The public issue subscribed 1.35x in the retail category, 0.14x in the QIB category, and 0.04x in the NII category. Check Day by Day Subscription Details (Live Status)

Category

IPO Subscription

QIB 

0.14x

NII 

0.04x

RII 

1.35x

Employee 

0.30x

Total 

0.34x

 

KIMS IPO Reviews / Ratings

Company Contact Information

Krishna Institute of Medical Sciences Limited
D. No. 1-8-31/1, Minister’s Road,
Secunderabad – 3, 500 003


Phone: +91 40 4418 6000
Email: cs@kimshospitals.com
Website: http://www.kimshospitals.com/

KIMS IPO Registrar

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
Email: kims.ipo@linkintime.com
Website: http://www.linkintime.co.in

KIMS IPO Lead Manager(s)

  1. Axis Capital Limited
  2. Credit Suisse Securities (India) Private Limited
  3. IIFL Holdings Limited
  4. Kotak Mahindra Capital Company Limited

Lead Manager Reports