KIMS Hospitals will open its initial public offering (IPO) on June 16 which will close on June 18. The public issue comprises a fresh issue of up to Rs 200 crore and an offer for sale of up to Rs 1,943.74 Crore.
According to a CRISIL report, KIMS Hospitals is one of the largest corporate healthcare service providers in AP and Telangana.
It operates 9 multi-specialty hospitals under the “KIMS Hospitals” brand, with a total bed capacity of more than 3000, including more than 2,500 operational beds as of December 31, 2020, According to a CRISIL report.
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KIMS Hospitals offers a wide range of healthcare services such as cardiac sciences, oncology, neurosciences, gastric sciences, renal sciences, orthopaedics, organ transplantation, and mother & child care.
Management of the Company
Dr. Bhaskara Rao Bollineni, Rajyasri Bollineni, Dr. Abhinay Bollineni, Adwik Bollineni, and Bollineni Ramanaiah Memorial Hospitals Private Limited are the company promoters.
Profitability of the Company
In the Financial year ending 2019, the company has a net loss of Rs 48.8 Crore, however, in the last two financial years, the company has seen a rise in its net profits. In the Financial year ending 2021, the company registered a profit of Rs 205.50 Crore. The latest financials are:
|Profit After Tax||2,055||1,151||-488|
KIMS Hospitals IPO Details
The IPO size is Rs 2,143.74 Crore. The price band for the issue has been kept at Rs 815-825 per share. The IPO will open on June 16, 2021 and will close on June 18, 2021.
The lot size is 18 shares and the face value is Rs 10 per equity share, the shares will be listed on BSE and NSE. The Fresh issue is Rs 200 Crore and the rest Rs 1,943.74 Crore is for the offer for sale. The minimum lot is 1 and the cut-off amount is Rs 14,980. The Maximum lot which can be applied is 13 for 234 shares and the cut-off amount is Rs 193,050.
The allotment could be finalized on June 23, 2021 and the refund will be initiated on June 24, 2021. The IPO listing date is June 28, 2021.
The Post Issue Share Holding of the promoters will be 38.84%.
FAQs related to the KIMS Hospitals IPO
You can apply for the IPO through ASBA (Application Supported by Blocked Amount), almost all the banks are providing this facility.
The IPO will open on June 16, 2021 and will close on June 18, 2021.
The face value of KIMS Hospitals shares would be Rs 10, the price band for the issue has been kept at Rs 815-825 per share.
The lot size is 18 shares and the face value is Rs 10 per equity share. The minimum lot is 1 and the cut-off amount is Rs 14,850.
The KIMS Hospitals IPO will be listed on the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange).
The IPO size is Rs 2,143.74 Crore.
The allotment could be finalized on June 23, 2021 and the refund will be initiated on June 24, 2021.
The IPO listing date is June 28, 2021.
KIMS Hospitals has offered a discount of Rs 40 per share to its employees.
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