Kids Clinic India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Another healthcare facility provider, Kids Clinic India Limited, is upcoming with an IPO to raise funds from the public and get listed on the stock exchanges, i.e., BSE and NSE.
The company has filed the DRHP and will launch the IPO after approval. Kids Clinic India IPO will consist of Fresh Issue and an Offer for Sale.
Let us now study the Kids Clinic India IPO Review, all the factors, and facets of the IPO, and analyze whether this is the right jewel for your investment portfolio.
| Face Value | Rs 5 |
| rice Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Rs.1.32 crore |
| Fresh Issue | Rs.300 crore |
| IPO Size | Not Disclosed |
| Tick Size | 1 |
Kids Clinic India IPO Overview
Kids Clinic India IPO consists of the shares offered through a fresh issue aggregating up to Rs. 300 crore and an offer for sale for up to 1.32 crore equity shares.
Some of the founders and existing shareholders of the company will be offloading their shares and seeking a partial or full exit from the company.
Also, before filing RHP with RoC, the company might consider a pre-IPO placement of up to Rs. 60 crore.
Kids Clinic India IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
Kids Clinic India has filed the Draft Red herring Prospectus with the capital market regulator, India’s Securities and Exchange Board.
The company is waiting for approval from the authority and will proceed toward the IPO launch. Since its preliminary papers are in process, the Kids Clinic India IPO Dates will be declared after the approval.
Kids Clinic India IPO Price, Size, Share Offerings
| Face Value | Rs.5 |
| Price Band | Not Disclosed |
| Offer for Sale | Rs.1.32 crore |
| Fresh Issue | Rs.300 crore |
| IPO Size | Not Disclosed |
Kids Clinic India’s IPO size will comprise the shares offered by a fresh issue of equity shares worth Rs. 300 crore and an offer for sale for about 1.32 crore equity shares.
The Kids Clinic India IPO Price will be determined by the company and the selling shareholders through the book-building process in consultation with the Book Running Lead Managers. The face value of the shares is Rs. 5 each.
Kids Clinic India IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Disclosed | |||
Grey Market is an unofficial trading market to trade a company’s securities before being listed on the stock exchange. Kids Clinic India IPO GMP will be available and updated after the IPO dates are fixed.
The traders can bid and offer the company’s shares until they are listed. It is an influencing factor of an IPO and helps determine the IPO price.
Kids Clinic India IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
Kids Clinic India IPO Subscription has not started yet. The interested bidders bid for the number of shares they want in the process.
As the price is unknown in a book-built issue, the bidders bid at different prices within the price band. 75% of the offer will be allocated to the QIBs, 15% of the issue will be available for the Non-Institutional Bidders, and the remaining 10% will be reserved for retail investors.
Kids Clinic India IPO Allotment Status
Kids Clinic India IPO Allotment will take place after the IPO is closed for the subscription. The company has not determined the basis of allotment as of now.
It will declare the dates and proceed with the IPO after approval from SEBI. Successful bidders will get ownership of their shares in their Demat accounts through the allotment.
Kids Clinic India IPO Live Performance
Check out the Kids Clinic India IPO Performance easily without any trouble. Also, you can check and track the Kids Clinic India IPO Price in no time.
Subscribe to Kids Clinic India IPO – Open Free Demat Account Now!
Kids Clinic India – Company Review
Originated in Bengaluru as a private limited company, Kids Clinic Bangalore Private Limited in 2005 to nourish the journey of parenthood and offer the best treatments.
The company changed its name to Kids Clinic India Private Limited in 2011. And later, in 2021, it was converted to a public limited company, and subsequently, its name was changed to “Kids Clinic India Limited.”
Kids Clinic India Limited offers facilities for infertility care and Pediatric care. They believe that parenthood is the greatest and most precious gift that nature offers. They strive to offer a safe and sound environment for the patients.
Products or Services
Kids Clinic India Limited is a wide hospital chain that facilitates various services in one place. With Kids Clinic India, you get all services required for the best care of a mother and a child.
They offer Pregnancy Care, Infertility Care, Gynecological Care, Neonatal Care, Pediatric Care, New Born Intensive Care, and High-Risk Pregnancy Care.
The company aims to emerge as a leader that delivers premium quality healthcare for the health of women and children. They want to be a solution provider, a go-to place where people can entrust without any hesitation.
Promoters and Holding
Kids Clinic India Limited is a professionally managed company and does not have identifiable promoters.
The management of the company consists of:
- Nupur Garg, in the position of Chairperson and Non-Executive Independent Director
- Raviganesh Venkataraman, in the position of Executive Director and CEO
- R Kishore Kumar, in the position of Executive Director
- Rohit M A, in the position of Executive Director
- Bharat Singh, in the position of Non-Executive Nominee Director
- Nitin Agarwal, in the position of Non-Executive Nominee Director
- Satish Chander Subbanna, in the position of Non-Executive Nominee Director
- Elizabeth Lucy Chapman, in the position of Non-Executive Independent Director
- S Parthasarathy, in the position of Non–Executive Independent Director
- Sandeep Bardia, in the position of Chief Financial Officer
- Nitin Nag, in the position of Chief Operating Officer- Region West and South
- Pawan Kumar, in the position of Chief Operating Officer (Region North)
- Arvind Balakrishna Kasaragod, in the position of Director of Medical Services (India)
- Suresh Pandiyan, in the position of Chief Digital Officer and Chief Marketing Officer
- Sofia Joseph, in the position of Head of Human Resources vertical
- Madhusudhan P., in the position of Company Secretary and Compliance Officer
Is Kids Clinic India good for Investment?
Kids Clinic India Limited is a facility provider for mother and baby care; from solving infertility issues to newborn intensive care, they are one of the leaders in the segment.
Their aim has always been to proffer world-class facilities for women’s and children’s health.
Women’s health and body become vulnerable in certain circumstances and require special care. Facilities offered by Kids Clinic India include neonatology, fertility treatments, maternity, and pediatrics.
The company started with one center in Bengaluru, established in 2006. And today, it has a network of over 23 centers situated across six states and one union territory.
Kids Clinic India IPO will further allow the entity to expand its capacity with new centers and offer new services.
Kids Clinic India Financial Statements
| Amount (in INR & Million) | |||||
| 30-Sept-21 | Mar-21 | Sept-20 | 31-Mar-20 | 31-Mar-19 | |
| Assets | 7,832.77 | 7,082.36 | 6,092.07 | 6,157.23 | 6,237.85 |
| Revenue | 3,756.19 | 5,665.65 | 2,668.43 | 5,259.92 | 4,283.72 |
| Expense | 3,853.00 | 6,009.80 | 2,851.06 | 5,623.35 | 5,030.51 |
| Profit After Tax | (98.59) | (347.08) | (182.96) | (296.21) | (654.73) |
Kids Clinic India Limited is a growing company engaged in the services of healthcare for mothers and newborns. Further, we will analyze the financial standing and profitability of the company.
The total revenue of the company has been maintained positively over the years. In the years 2019, 2020, and 2021, the company’s income was – 4,283.72 million, 5,259.92 million, and 5,665.65 million, respectively.
As to the company’s net results, Kids Clinic India has been incurring continuous losses in the last financial years. As of 30th September 2021, the company’s loss was (96.81) million.
| Earnings per Equity Share (in Million) | |||||
| 30-Sept-21 | Mar-21 | Sept-20 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | (2.38) | (8.30) | (4.34) | (7.05) | (15.67) |
The company’s EPS is also not on the very impressive front. As per the DRHP, the company’s EPS was Rs. (2.38).
Kids Clinic India IPO Review
Kids Clinic India IPO combines a fresh share and an offer for sale. The fresh issue is of about Rs. 300 crore, whereas in the offer for sale, existing shareholders will be offering 1,32,93,514 Equity Shares in aggregate.
The company will receive the proceeds of the fresh issue and plans to utilize it to repay debt and open new centers for expansion.
The participating shareholders selling shares in the IPO are True North Fund V Llp, Sci Growth Investments Ii, Indium V (Mauritius) Holdings Limited, Dr. R Kishore Kumar, and Scrips ‘N’ Scroll India Private Limited.
The IPO will help the company lower its debts alongside providing new avenues of growth.
Kids Clinic India IPO Details
Here are a few more details you need to know before investing in Kids Clinic India IPO –
Kids Clinic India IPO Issue Object
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company;
- Setting up new centers at various locations;
- Acquisition of further shareholding in our Subsidiary, Acquity Labs; and
- General corporate purposes
Kids Clinic India IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Leading specialised mother and baby care chain operating in a fast growing market;
- Differentiated, comprehensive and customer-focused approach to the perinatal journey;
- Clinical excellence and advanced medical technologies to deliver quality healthcare;
- Integrated digital ecosystem and proprietary technology stack for customers, doctors and staff;
- Ability to attract, train and retain high-quality doctors and staff;
- Scalable model and disciplined approach for growth;
- Stable and robust financial performance with greater predictability; and
- Experienced management team and marquee investors
Quantitative factors are:
| Basic EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (8.30) | (17.24) | 48.14 |
| 31-Mar-20 | (7.05) | (12.78) | – |
| Mar-19 | (15.67) | (27.29) | – |
Kids Clinic India IPO Lead Managers
Here are the list of Lead managers –
- JM Financial Limited
- Axis Capital Limited
- ICICI Securities Limited
Kids Clinic India IPO Registrar to offer
Check out the details of the registrar here –
M/s. KFin Technologies Private Limited
(formerly known as ‘Karvy Fintech Private Limited’)
Selenium Tower B, Plot 31& 32
Financial District
Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032, Telangana, India
Tel: +91 40 6716 2222
E-mail: kcil.ipo@kfintech.com
Investor Grievance E-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M. Murali Krishna
SEBI Registration No.: INR000000221
Kids Clinic India IPO – Other Details
- Statutory Auditor – Deloitte Haskins & Sells, Chartered Accountants
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co.
- Bankers to the Company – HDFC Bank Limited, Axis Bank Limited
Kids Clinic India IPO – Conclusion
Kids Clinic India IPO might turn out as a prospective investment for the investors. The company is engaged in a critical specialty segment.
It offers a variety of facilities and is thriving towards making a change through world-class healthcare facilities for women and children. They are a one-stop for diversified requirements related to parenthood and children’s health.
Though the company’s financial statements are not very appealing, we can hope that with the new centers and developments, it will deliver positive results.
To Subscribe to Kids Clinic India IPO – Open Demat Account Now!
Kids Clinic India IPO Review FAQs
Check out the FAQs on Kids Clinic India IPO –
What is the Issue Size of Kids Clinic India IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Kids Clinic India IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.5 per share.
What is the Kids Clinic India IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Kids Clinic IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Kids Clinic India IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Kids Clinic IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Private Limited#. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Kids Clinic IPO?
Here are the promoters of this IPO – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Kids Clinic India IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Kids Clinic IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Kids Clinic India Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is (347.08), 2020 is (296.21), 2019 is (654.73). PAT from Sept 2021 is (98.59).
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