KIMS Hospital aka KIMS IPO might hit the market on 16 June 2021 and closes on 18 June 2021. Krishna Institute of Medical Sciences Ltd aka KIMS hospital on Friday fixed a price band of Rs 815-825 a share for its Rs 2,144-crore IPO. The IPO comprises fresh issue of shares aggregating up to Rs 200 crore and an offer for sale of up to 2,35,60,538 equity shares from promoters and existing shareholders.
Total 1,60,03,615 shares would be offered by General Atlantic Singapore KH Pte Ltd under the offer-for-sale, up to 3,87,966 equity shares by Dr Bhaskara Rao Bollineni, up to 7,75,933 shares by Rajyasri Bollineni, up to 3,87,966 equity shares by Bollineni Ramanaiah Memorial Hospitals and 60,05,058 shares by other existing selling shareholders.
KIMS IPO Date & Price Band:
|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 Share|
|Listing At||BSE, NSE|
|Issue Size||[.] Eq Shares of ₹10
(aggregating up to ₹2143.74 Cr)
|Fresh Issue||[.] Eq Shares of ₹10
(aggregating up to ₹200.00 Cr)
|Offer for Sale||10,985,444 Eq Shares of ₹10
(aggregating up to ₹1943.74 Cr)
KIMS IPO Tentative Timetable
The KIMS Hospital IPO open date is 16 June 2021 , and the close date is 18 June 2021. The issue may list on .
|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 Market Lot:
|Minimum Lot Size:||Minimum 18 Shares|
|Maximum Lot Size:||Maximum 234 Shares|
KIMS Company Financial:
|Particulars||For the year/period ended (₹ in millions)|
|Profit After Tax||2,054.79||1,150.72||(488.07)|
- KIMS Hospital IPO GMP (Grey Market Premium)
- KIMS Hospital IPO Subscription Status
- KIMS Hospital IPO Allotment Status
KIMS IPO Form:
How to apply the KIMS IPO? You can apply KIMS IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the KIMS IPO in the Invest section. The other option you can apply KIMS IPO via IPO forms download via NSE and BSE. Check out the KIMS IPO forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
About KIMS AKA Krishna Institute of Medical Sciences Ltd
We are one of the largest corporate healthcare groups in AP and Telangana in terms of number of patients treated and treatments offered, according to the CRISIL Report. We provide multi-disciplinary integrated healthcare services, with a focus on primary secondary & tertiary care in Tier 2-3 cities and primary, secondary, tertiary and quaternary healthcare in Tier 1 cities. We operate 9 multi-specialty hospitals under the “KIMS Hospitals” brand, with an aggregate bed capacity of 3,064, including over 2,500 operational beds as of December 31, 2020, which is 2.2 times more beds than the second largest provider in AP and Telangana, according to the CRISIL report. We offer a comprehensive range of healthcare services across over 25 specialties and super specialties, including cardiac sciences, oncology, neurosciences, gastric sciences, orthopaedics, organ transplantation, renal sciences and mother & child care.
We have grown from a single hospital to a chain of multi-speciality hospitals through organic growth and strategic acquisitions under the leadership of Dr. Bhaskara Rao Bollineni, our founder and Managing Director, and Dr. Abhinay Bollineni, our Executive Director and CEO. Our first hospital in our network was established in Nellore in 2000 and has a capacity of approximately 200 beds. Our flagship hospital at Secunderabad is one of the largest private hospitals in India at a single location (excluding medical colleges), according to the CRISIL Report, with a capacity of 1,000 beds. We have significantly expanded our hospital network in recent years through our acquisitions of hospitals in Ongole in Fiscal Year 2017, Vizag and Anantapur in Fiscal Year 2019 and Kurnool in Fiscal Year 2020. Approximately one-third of our 3,064 beds were launched in the last four years. We have added over 880 beds, in aggregate, in our hospitals in Visakhapatnam (Vizag), Anantapur and Kurnool in Fiscal Years 2019 and 2020, and improved the overall bed occupancy rate in these hospitals from 71.83% to 80.49% in the same period. We strive to provide quality service to more patients, and we believe we have scope for additional patients and improved occupancy rates. We strategically focus on the southern India healthcare market where we have a strong understanding of regional nuances, customer culture and the mind-set of medical professionals and where there is significant and growing need for quality and affordable healthcare services. Each of our hospitals also has integrated diagnostic services and pharmacies that cater to our patients.
Dr. Bhaskara Rao Bollineni is a renowned cardiothoracic surgeon in India. He has over 27 years of experience in cardiothoracic surgery and has worked in several other leading medical institutions in the country. He started KIMS Nellore in the year 2000 with the vision to create a hospital system for his home state of AP that is capable of attracting top medical talent and providing high-quality care at affordable prices. Under his leadership, and that of Dr. Abhinay Bollineni, who joined KIMS in 2014, we have expanded into nine cities across AP and Telangana through a combination of greenfield, brownfield and acquisition-led expansion. Dr. Abhinay assumed our CEO position in 2019 and played a leadership role in expanding the KIMS’ network over the last 5 years, including in the launch of KIMS Kondapur and the acquisitions of our hospitals in Ongole, Vizag, Anantapur and Kurnool. Today, our current network consists of hospitals strategically located to serve the healthcare needs of AP and Telangana across urban Tier 1 cities such as Secunderabad and Hyderabad and more rural Tier 2-3 areas such as Vizag, Nellore, Rajahmundry, Srikakulam, Ongole, Anantapur and Kurnool. We believe our hospitals are also situated well to capture patient in-flow across AP and Telangana and from the neighboring states of Karnataka, Odisha, Tamil Nadu and parts of central India. We also believe that affordability and quality of healthcare services provided by us and our track record of building long-term relationships with medical professionals including our doctors, has enabled our growth and helped us build our ‘KIMS Hospitals’ brand.
KIMS IPO Prospectus
- KIMS DRHP
- KIMS RHP
KIMS Company Promoters:
- Dr Bhaskara Rao Bollineni
- Rajyasri Bollineni
- Dr Abhinay Bollineni
- Adwik Bollineni
- Bollineni Ramanaiah Memorial Hospitals Private Limited
KIMS IPO Registrar:
KIMS IPO Lead Managers:
- Axis Capital Limited
- Credit Suisse Securities (India) Private Limited
- IIFL Holdings Limited
- Kotak Mahindra Capital Company Limited