IPO Alert: KIMS IPO opens on 16th June

By Angel Broking | Published on 14th June 2021 | 206

IPO Alert: Krishna Institute of Medical Sciences (KIMS) IPO opens on 16th June

Krishna Institute of Medical Sciences (KIMS) Limited is a very popular chain of Indian hospitals. It is based out of Andhra Pradesh and Telangana in the southern parts of India. Recently, the Krishna Institute of Medical Sciences (KIMS) announced a new IPO. Being a healthcare chain, the importance of it only grows as health needs continue to rise in the current times. As a result, many investors have been eyeing the Rs. 2,143.74 Crore IPO of Krishna Institute of Medical Sciences (KIMS).

Fundamentals about KIMS IPO

Krishna Institute of Medical Sciences (KIMS) is a private hospital that was founded by Dr. Bhaskar Rao Bollineni in the year 2020. It was founded in the city of Nelloe in India. The first branch of Krishna Institute of Medical Sciences (KIMS) was established in 2000 in Nellore. 2 years after, another hospital was opened in Rajahmundry. In 2004, a branch in Secunderabad was opened. This is considered to be the flagship hospital as it is now a 1000-bedded hospital.

The expansion of the hospital chain continued further in the coming years. As of date, there are 9 hospitals under the KIMS groups that are operational across the states of Telangana and Andhra Pradesh in cities like Secunderabad, Visakhapatnam, Nellore. Kurnool, Anantapur, Ongole, Kondapur, Rajahmundry, and Srikakulam. The KIMS chain of hospitals is NABH and NABL certified. The hospital chain has multi-specialty hospitals as it covers all departments ranging from cardiology, oncology, and robotics to urology.

Financial Health of Krishna Institute of Medical Sciences (KIMS)

There are 5 company promoters for Krishna Institute of Medical Sciences (KIMS) namely Dr. Bhaskara Rao Bollineni, Dr. Abhinay Bollineni, Rajyasri Bollineni, Adwik Bollineni, and Bollineni Ramanaiah Memorial hospital Pvt. Ltd. The financial growth of the company has been ever-increasing from 2019 to the present. As of 31 March 2019, the total assets owned were Rs. 11,197.13 million. They experienced revenue of Rs. 9,238.69 million and had a profit after tax of Rs. 488.07 million.

As of 31 March 2020, the total assets owned were Rs. 11,958.90 million. They recorded a revenue of Rs. 11,287.28 million and had a profit after tax of Rs. 1,150.72 million. Finally, as of 31 March 2021, the total assets recorded to Rs. 14,361.54 million and total revenue and profit after tax of Rs. 13,401.02 million and Rs. 2,054.79 million respectively.

Krishna Institute of Medical Sciences (KIMS) IPO Details

Krishna Institute of Medical Sciences (KIMS) is a leading private hospital chain and is looking to raise capital for several reasons such as meeting corporate needs and repayment of borrowings. Here is some more information about the IPO that will help you make an informed decision.

Krishna Institute of Medical Sciences (KIMS) IPO Dates

Krishna Institute of Medical Sciences (KIMS) has announced all of its IPO dates. The IPO is dated to begin on the 16th of June, 2021. The IPO will continue for a span of 3 days. The Krishna Institute of Medical Sciences (KIMS) IPO will close on June 18, 2021. If you are not allotted any shares during this IPO, the entire payment that you had made for purchasing the shares will be refunded to your account a couple of days after the shares are allotted.

Krishna Institute of Medical Sciences (KIMS) IPO Share Price

The share price of the Krishna Institute of Medical Sciences (KIMS) will range between Rs. 815 and Rs. 825 per equity share. The market lot that is proposed is 18 shares and the minimum shares that have to be booked are also 18 shares.

Krishna Institute of Medical Sciences (KIMS) IPO Issue Size

The issue size aggregates up to Rs. 2,143.74 Crores. The fresh issue is of 2,424,242 equity shares of Rs. 10 that aggregates up to Rs. 200 Crores. As a retail investor, you can apply for up to 13 slots. This amounts to 234 shares that amount to Rs. 1,93,050.

Important Dates to Remember for KIMS IPO 

Here are some of the important dates to be kept in mind while applying for the KIMS IPO.

Open Date of KIMS IPO June 16, 2021
Close Date of KIMS IPO June 18, 2021
Allotment Date Basis June 23, 2021
Refund Initiation June 24, 2021
Credit of Shares to Demat Account June 25, 2021
IPO Listing Date June 28, 2021

To Conclude

Krishna Institute of Medical Sciences (KIMS) will open its IPO on June 16, 2021, with a share price ranging from Rs. 815 and Rs. 825 per equity share. If you are interested in the Krishna Institute of Medical Sciences (KIMS), ensure that you have a Demat Account. If you do not have a Demat Account, know more about how to get one on Angel Broking.