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Krishna Institute of Medical Sciences Limited is coming out with a fresh public issue to raise Rs 2,143.74 crores from the market.

Key details of the issue:

• Issue opens – June 16 (Wednesday)
• Issue closes – June 18 (Friday)
• Issue size – Rs 2,143.74 crores
• Price band – Rs 815 to 825 per equity share
• Bid lot – 18 shares and in multiples thereof
• Employee discount – Rs 40 per equity share
• Employee reservation – Up to Rs 20 crores

And here are some details of the company and further details on the Krishna Institute of Medical Sciences Limited issue.

Company details:

Krishna Institute of Medical Sciences Limited (KIMS) is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana in terms of number of patients treated and treatments offered, according to the CRISIL Report commissioned by the group. It provides multi-disciplinary integrated healthcare services, with a focus on primary, secondary and tertiary care in Tier 2-3 cities and primary, secondary, tertiary and quaternary healthcare in Tier 1 cities.

It operates 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 Mar 31, 2021, which is 2.2 times more beds than the second largest provider in AP and Telangana, according to the CRISIL Report commissioned by the group. It offers 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.

The first hospital in its network was established in Nellore (AP) in 2000 and has a capacity of approximately 200 beds. Its flagship hospital at Secunderabad (Telangana) is one of the largest private hospitals in India at a single location (excluding medical colleges), according to the CRISIL Report commissioned by the group, with a capacity of 1,000 beds as of Mar 31, 2021. The group has significantly expanded its hospital network in recent years through its acquisitions of hospitals in Ongole (AP) in Fiscal Year 2017, Vizag (AP) and Anantapur (AP) in Fiscal Year 2019 and Kurnool (AP) in Fiscal Year 2020.

Some of its hospitals, including the flagship hospital at Secunderabad (Telangana), have been accredited with the NABH Standard for Emergency Care and Green Operating Theatre by Bureau VERITAS.

KIMS also conducts medical education programs through its affiliations with state medical boards and universities, for various broad and super specialties at its hospitals in Telangana at Secunderabad and Kondapur, including for DNB and post-doctoral fellowship programs. It also offers post-graduate, undergraduate and diploma programs that are affiliated with Kaloji Narayana Rao University of Health Sciences and the Telangana Para Medical Board.

Issue size:

Rs 2,143.74 crores

Issue break-up:

• QIB – 75% of the offer – Rs 1592.81 crores
• NIB – 15% of the offer – Rs 318.56 crores
• RET – 10% of the offer – Rs 212.37 crores

Employee discount:

Rs 40 per share

Employee reservation:

Up to Rs 20 crores

Listing:

NSE and BSE

Registrar:

Link Intime India Private Limited

UPI:

All retail applications through brokers are compulsorily in UPI mode

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