KIMS Hopitals IPO: Mutter to originate on June 16 for subscription, mark band at Rs 815-825

KIMS Hopitals IPO: The final public inform contains a new inform of up to Rs 200 crore and a proposal on the market of up to 2,35,60,538 equity shares

June 11, 2021 / 03: 51 PM IST

Identical old Atlantic-backed Krishna Institute of Clinical Sciences (KIMS Hospitals) will originate its initial public offering (IPO) for subscription on June 16 with a mark band of Rs 815-825 per portion.

The difficulty will close on June 18.

The final public inform contains a new inform of up to Rs 200 crore and a proposal on the market of up to 2,35,60,538 equity shares.

The provide on the market consists of up to 1,60,03,615 equity shares by investor Identical old Atlantic Singapore KH, 3,87,966 equity shares by Dr Bhaskara Rao Bollineni, 7,75,933 shares by Rajyasri Bollineni, 3,87,966 shares by Bollineni Ramanaiah Memorial Hospitals, and 60,05,058 equity shares by other unusual selling shareholders.

The provide choices a reservation of up to Rs 20 crore price of shares for employees.

Investors can insist for on the least 18 equity shares and in multiples of 18 equity shares thereafter.

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The brand new inform proceeds will in all probability be utilised for compensation of particular borrowings of Rs 150 crore, and fashioned company applications.

As of March 31, 2021, the company and its subsidiaries had total borrowings amounting to Rs 270.46 crore and non-fund based totally borrowings of Rs 2.17 crore.

The 75 percent of inform size has been reserved for licensed institutional merchants, 10 percent for retail, and the steadiness 15 percent for non-institutional merchants.

The corporate has 267 shareholders, along with Identical old Atlantic, which held 40.91 percent equity stake in KIMS Hospitals.

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Krishna Institute of Clinical Sciences is one among the ideal company healthcare groups in Andhra Pradesh and Telangana when it comes to number of patients handled and therapies supplied.

The corporate operates 9 multi-specialty hospitals below the 'KIMS Hospitals' mark, with an mixture bed capability of 3,064, along with over 2,500 operational beds as of March 31, 2021, which is 2.2 conditions more beds than the 2nd ideal supplier in AP and Telangana.

Kotak Mahindra Capital Firm, Axis Capital, Credit Suisse Securities (India), and IIFL Securities are the e book running lead managers to the public inform.

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