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KIMS IPO is a book build issue of ₹2,143.74 crores. The issue is a combination of fresh issue of 0.24 crore shares aggregating to ₹200.92 crores and offer for sale of 2.36 crore shares aggregating to ₹1,942.82 crores.
KIMS IPO bidding started from Jun 16, 2021 and ended on Jun 18, 2021. The allotment for KIMS IPO was finalized on Jun 23, 2021. The shares got listed on BSE, NSE on Jun 28, 2021.
KIMS IPO price band is set at ₹825.00 per share . The lot size for an application is 18. The minimum amount of investment required by an retail is ₹14,670 (18 shares). The lot size investment for sNII is 14 lots (252 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (1,224 shares), amounting to ₹10,09,800.
The issue includes a reservation of up to 2,54,777 shares for employees offered at a discount of ₹40.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
| IPO Date | June 16, 2021 to June 18, 2021 |
| Listing Date | June 28, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹815 to ₹825 per share |
| Issue Price Final | ₹825 per share |
| Lot Size | 18 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,59,95,042 shares (aggregating up to ₹2,143.74 Cr) |
| Fresh Issue | 24,36,399 shares (aggregating up to ₹200.92 Cr) |
| Offer for Sale | 2,35,58,643 shares of ₹10 (aggregating up to ₹1,942.82 Cr) |
| Employee Discount | ₹40.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,75,93,283 shares |
| Share Holding Post Issue | 8,00,29,878 shares |
KIMS IPO offers total 2,59,97,133 shares. Out of which 1,93,06,768 (74.26%) allocated to QIB, 77,22,708 (29.71%) allocated to QIB, 38,61,353 (14.85%) allocated to NII, 25,74,235 (9.90%) allocated to RII and 1,15,84,060 (44.56%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,93,06,768 (74.26%) | NA |
| − Anchor Investor Shares Offered | 1,15,84,060 (44.56%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 77,22,708 (29.71%) | NA |
| NII (HNI) Shares Offered | 38,61,353 (14.85%) | NA |
| Retail Shares Offered | 25,74,235 (9.90%) | 1,43,013 |
| Employee Shares Offered | 2,54,777 (0.98%) | NA |
| Total Shares Offered | 2,59,97,133 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
KIMS IPO opens on June 16, 2021, and closes on June 18, 2021.
| IPO Open Date | Wed, Jun 16, 2021 |
| IPO Close Date | Fri, Jun 18, 2021 |
| Tentative Allotment | Wed, Jun 23, 2021 |
| Initiation of Refunds | Thu, Jun 24, 2021 |
| Credit of Shares to Demat | Fri, Jun 25, 2021 |
| Tentative Listing Date | Mon, Jun 28, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 18, 2021 |
Investors can bid for a minimum of 18 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹14,850 |
| Retail (Max) | 13 | 234 | ₹1,93,050 |
| S-HNI (Min) | 14 | 252 | ₹2,07,900 |
| S-HNI (Max) | 67 | 1,206 | ₹9,94,950 |
| B-HNI (Min) | 68 | 1,224 | ₹10,09,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| 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) | ||
The Company KIMS IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or part, of certain borrowings availedby our Companyand by ourSubsidiaries vizKHKPL, SIMSPL and KHEPL | 150.00 |
| 2 | General corporate purposes | 41.66 |
[Dilip Davda] We are witnessing fancy for health care segment following global pandemic and the likely trends of changing lifestyle with health consciousness and spending for the same. This company has ultra-modern equipment and has been posting growth in its top and bottom lines. Investors may consider long term investment in this fully priced offer. Read detail review...
| Listing Date | June 28, 2021 |
| BSE Script Code | 543307 |
| NSE Symbol | KIMS |
| ISIN | INE967H01017 |
| Final Issue Price | ₹825 per share |
| BSE Listing Group | B |
Krishna Institute of Medical Sciences Ltd.
D. No. 1-8-31/1, Minister’s Road,
Secunderabad – 3, 500 003
Secunderabad, Telangana
Phone: +91 40 4418 6000
Email: cs@kimshospitals.com
Website: http://www.kimshospitals.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: kims.ipo@linkintime.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
KIMS IPO is a main-board IPO of 2,59,95,042 equity shares of the face value of ₹10 aggregating up to ₹2,143.74 Crores. The issue is priced at ₹825 per share. The minimum order quantity is 18.
The IPO opens on June 16, 2021, and closes on June 18, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in KIMS IPO using UPI as a payment gateway. Zerodha customers can apply in KIMS IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KIMS IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The KIMS IPO opens on June 16, 2021 and closes on June 18, 2021.
KIMS IPO lot size is 18, and the minimum amount required for application is ₹14,850.
You can apply in KIMS IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for KIMS IPO will be done on Wednesday, June 23, 2021, and the allotted shares will be credited to your demat account by Friday, June 25, 2021. Check the KIMS IPO allotment status.
The KIMS IPO listing date is on Monday, June 28, 2021.
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