KIMS Hospitals IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Aug 31, 2023Let’s have a detailed review of the company and analytics of the Krishna Institute of Medical Sciences Limited or KIMS Hospitals IPO release date, IPO offer price, subscription, KIMS Hospitals Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 815 to Rs 825 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 18 Shares |
| Listing Date | Jun 28, 2021 |
| Net Issue | Rs 19437.4 Million |
| Fresh Issue | Rs 2,000 Million |
| IPO Size | Rs 21437.4 Million |
| Tick Size | [●] |
KIMS Hospitals IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
KIMS Hospitals IPO – Summary
They are one of the largest corporate healthcare groups in AP and Telangana in terms of the number of patients treated and treatments offered, according to the CRISIL Report.
They provide multi-disciplinary integrated healthcare services, with a focus on primary secondary & tertiary care in Tier 2-3 cities and primary, secondary, tertiary, and quaternary healthcare in Tier 1 cities.
The Company 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 December 31, 2020, which is 2.2 times more beds than the second-largest provider in AP and Telangana, according to the CRISIL report.
They offer a comprehensive range of healthcare services across over 25 specialties and super specialties, including cardiac sciences, oncology, neurosciences, gastric sciences, orthopedics, organ transplantation, renal sciences, and mother & child care.
The promoters of this company are DR. BHASKARA RAO BOLLINENI, RAJYASRI BOLLINENI, DR. ABHINAY BOLLINENI, ADWIK BOLLINENI, AND BOLLINENI RAMANAIAH MEMORIAL HOSPITALS PRIVATE LIMITED. The lead managers of the issue are Kotak Mahindra Capital Company Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited, IIFL Securities Limited. The registrar of this IPO is KFin Technologies Private Limited.
KIMS Hospitals IPO Date
The opening and the closing date of the IPO of KIMS Hospitals Limited are Jun 16, 2021, and Jun 18, 2021, respectively.
Check out Related IPO Links:
| KIMS Hospitals IPO GMP |
| Allotment of KIMS Hospitals IPO |
KIMS Hospitals IPO Subscription
| Day / Date | QIB | NII | RII | Employee | Total Subscription |
| 1st Day – 16 Jun | 0.14x | 0.02x | 1.00x | 0.27x | 0.27x |
| 2nd Day – 17 Jun | 0.32x | 0.09x | 1.95x | 0.66x | 0.56x |
| 3rd Day – 18 Jun | 0.46x | 0.19x | 2.43x | 0.86x | 0.75x |
| Shares Offered or Net Issue | 7,722,708 | 3,861,353 | 2,574,235 | 254,777 | 14,413,073 |
The shares subscribed by the public will be updated here.
KIMS Hospitals IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
KIMS Hospitals Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jun 23, 2021 |
| Refunds Initiation | Jun 24, 2021 |
| Credit of Shares to Demat Account | Jun 25, 2021 |
| Share Listing Date | Jun 28, 2021 |
KIMS Hospitals IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs 815 to Rs 825
KIMS Hospitals IPO Equity Size
The initial public offer of Equity Shares comprising the Fresh Issue and the Offer for Sale. The Offer comprises
the Net Offer and Employee Reservation Portion
KIMS Hospitals IPO Share Offering
Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company, aggregating to Rs.2,000 Million,
Net Offer: The Offer less than Employee Reservation Portion
Offer for Sale: Offer for sale consists of Up to 21,340,931 *Equity Shares of the face value of Rs.10 each, aggregating Rs.19437.4 Million.
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KIMS Hospitals IPO – Live Performance
The listing date of this IPO is NA. You can check the live performance of the IPO here, only after it is listed on exchanges.
KIMS Hospitals IPO Grey Market Premium
The KIMS Hospitals Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
KIMS Hospitals – Company Overview
They have grown from a single hospital to a chain of multi-specialty hospitals through organic growth and strategic acquisitions under the leadership of Dr. Bhaskara Rao Bollineni, their founder and Managing Director, and Dr. Abhinay Bollineni, their Executive Director and CEO.
Their first hospital in their network was established in Nellore in 2000 and has a capacity of approximately 200 beds. Their flagship hospital at Secunderabad is one of the largest private hospitals in India at a single location (excluding medical colleges), according to the CRISIL Report, with a capacity of 1,000 beds.
They have significantly expanded their hospital network in recent years through their acquisitions of hospitals in Ongole in Fiscal Year 2017, Vizag and Anantapur in the Fiscal Year 2019, and Kurnool in Fiscal Year 2020. Approximately one-third of their 3,064 beds were launched in the last four years.
KIMS Hospitals – Business Verticals
Their revenue is diversified across specialties and their doctors. In Fiscal Year 2020, their total income mix was 20.98% from cardiac sciences, 14.67% from neurosciences, 9.90% from renal sciences, 7.62% from orthopedics, 6.87% from gastric sciences, 6.98% from oncology, 8.71% from mother & child care, 22.07% from others, and 1.35% from other income. In the same year, their top 10 doctors contributed 18.37% of their total income and the top 25 doctors contributed 31.52% of their total income.
KIMS Hospitals – Financial Statements
A summary of the financial position of the company is presented below:
Financial Summary:
| Amount (in INR & Million) | ||||
| 31-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | 12,874.20 | 11,958.90 | 11,176.02 | 9,580.12 |
| Total Revenue | 9,773.77 | 11,287.28 | 9,238.67 | 7,000.49 |
| Total Expense | 7,793.82 | 7,579.74 | 9,389.10 | 7,213.93 |
| Profit After Tax | 1,468.58 | 1,150.72 | (485.86) | (461.90) |
Earnings per Equity Share (in Million)
| 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted | 20.67 | (2.03) | (5.13) |
KIMS Hospitals Limited IPO – Promoters
The Promoters of this company are:
- DR. BHASKARA RAO BOLLINENI,
- RAJYASRI BOLLINENI,
- DR. ABHINAY BOLLINENI,
- ADWIK BOLLINENI AND
- BOLLINENI RAMANAIAH MEMORIAL HOSPITALS PRIVATE LIMITED
List of Related Parties (Key Managerial Personnel)
- Vikas Maheshwari, Chief Financial Officer
- Umashankar Mantha, Company Secretary and Compliance Officer
Business Strategies of KIMS Hospitals Limited
- Strengthen their existing hospitals and specialties
- Strategically grow their presence in adjacent markets
- Implementation of initiatives to improve existing operational efficiencies
- Invest in digital health care and technology
KIMS Hospitals IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to [●] *Equity Shares aggregating up to Rs.to 21437.4 Million |
| of which: | |
| Fresh Issue | Up to [●] Equity Shares aggregating up to Rs.2,000 Million |
| Offer for Sale | Up to 21,340,931 Equity Shares aggregating up to Rs.to 19437.4 Million |
| Employees Reservation Portion | Up to [●] Equity Shares aggregating up to Rs.to [●] Million |
| Net Offer | Up to [●] Equity Shares aggregating up to Rs.to [●] Million |
| Of which: | |
| QIB Category | Not less than [●] Equity Shares |
| Non-Institutional Category | Not more than [●] Equity Shares |
| Retail Category | Not more than [●] Equity Shares |
| *Equity Shares outstanding prior to the Issue | 77,593,283 Equity Shares |
| *Equity Shares outstanding after the Issue | [●] Equity Shares |
KIMS Hospitals IPO Issue Object
Their Company proposes to utilize the funds towards funding the following objects
1. repayment/pre-payment, in full or part, of certain borrowings availed by their Company and by their Subsidiaries viz KHKPL, SIMSPL, and KHEPL; and
2. general corporate purposes.
KIMS Hospitals IPO – Basis of the Offer Price
The IPO offer price is determined by the company and the lead managers by market evaluation and book-building process. The price is also influenced by various qualitative and quantitative factors. Some such factors are discussed below.
Some of the qualitative factors which form the basis for the Offer Price are:
1. Regional leadership through delivering clinical excellence and affordable healthcare.
2. Ability to attract, train and retain high-quality doctors, consultants, and medical support staff.
3. Track record of strong operational and financial performance.
4. Well-positioned to consolidate in India’s large, unorganized yet rapidly growing and underserved affordable healthcare market.
5. Disciplined approach to acquisitions resulting in successful inorganic growth.
6. Experienced senior management team with strong institutional shareholder support.
The relevant quantitative factors are:
| Basic EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 16.00 | 19.93 | 80.30 |
| 31-Mar-19 | (6.89) | (8.82) | – |
| *31-Mar-18 | (9.44) | NA | – |
KIMS Hospitals IPO: Competitive Peers
| Particulars | Face Value (in Rs.) | EPS (In Rs.) Basic | P/E Ratio | RONW (%) | NAV (In Rs.) |
| KIMS Hospital | 10 | 16.00 | [●] | 19.93% | 80.30 |
| –Peer Group– | |||||
| Apollo Hospitals Enterprise Limited | 5 | 32.70 | 93.6 | 12.91 | 240.01 |
| Fortis Healthcare Limited | 10 | 0.77 | 208.6 | 1.37 | 88.23 |
| Narayana Hrudayalaya Limited | 10 | 5.86 | 76.8 | 10.48 | 55.99 |
| Max Healthcare Institute Limited | 10 | 1.77 | 103.8 | 9.66 | 18.38 |
KIMS Hospitals IPO Lead Managers
| Lead Managers |
| Kotak Mahindra Capital Company Limited,
Axis Capital Limited, Credit Suisse Securities (India) Private Limited, IIFL Securities Limited |
KIMS Hospitals IPO Registrar to offer
| Registrar to offer |
| KFin Technologies Private Limited# Selenium Building, Tower B, Plot No. 31-32 Financial District, Nanakramguda, Hyderabad, Rangareddi 500 032 Telangana, India Tel: + 91 40 6716 2222 E-mail: einward.ris@karvy.com Website: www.kfintech.com Investor Grievance ID: einward.ris@kfintech.com Contact Person: M. Murali Krishna SEBI Registration Number: INR000000221 |
KIMS Hospitals IPO – Other Details
- Statutory Auditor – S. R. Batliboi & Associates LLP
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co., Shardul Amarchand Mangaldas & Co.
- Bankers to the Company – Federal Bank, HDFC Bank Limited, Standard Chartered Bank, NIIF Infrastructure Finance Limited,
KIMS Hospitals IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 6.2/10 | 6.3/10 | 6.2/10 | 6.6/10 | ‘6.3/10 |
| Sharekhan | 6.2/10 | 6.1/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.3/10 | 6.2/10 | 6.3/10 | *6.1/10 | 6.3/10 |
| ICICI Direct | 6.3/10 | 6.3/10 | 6.7/10 | 6.1/10 | 6.1/10 |
| IIFL | ‘6.2/10 | 6.2/10 | 6.8/10 | 6.5/10 | 6.1/10 |
| Edelweiss | 6.2/10 | 6.3/10 | 6.3/10 | *6.3/10 | 6.2/10 |
| Zerodha | 6.3/10 | 6.1/10 | 6.2/10 | 6.1/10 | 6.0/10 |
| 5Paisa | 6.1/10 | 6.1/10 | 6.3/10 | 6.1/10 | 6.1/10 |
| Karvy | 6.3/10 | 6.3/10 | 6.2/10 | 6.1/10 | 6.1/10 |
| Motilal Oswal | 6.4/10 | 6.3/10 | 6.6/10 | ‘6.3/10 | 6.2/10 |
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KIMS Hospitals IPO News
News 1: KIMS Hospitals Limited IPO DRHP Download
KIMS Hospitals IPO Review FAQs
What is the Issue Size of KIMS Hospitals IPO?
The Company is making an initial public offer of NA equity shares. We 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 KIMS Hospitals IPO?
The price band for this particular IPO ranges between Rs 815 to Rs 825. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the KIMS Hospitals IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jun 16, 2021, while the closing date is set at Jun 18, 2021.
What is the KIMS Hospitals IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jun 23, 2021, refund initiation is on Jun 24, 2021, credit of shares is on Jun 25, 2021, and share listing date is on Jun 28, 2021.
What is the KIMS Hospitals IPO Listing Date?
Shares of this company shall be listed in the exchanges on Jun 28, 2021. The date, when the listing would be done, is stagnant on Jun 28, 2021.
Who is the Registrar of KIMS Hospitals 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 KIMS Hospitals IPO?
Here are the promoters of this IPO – DR. BHASKARA RAO BOLLINENI, RAJYASRI BOLLINENI, DR. ABHINAY BOLLINENI, ADWIK BOLLINENI, AND BOLLINENI RAMANAIAH MEMORIAL HOSPITALS PRIVATE LIMITED. 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 KIMS Hospitals IPO?
We 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 KIMS Hospitals IPO good for Investment?
We 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 KIMS Hospitals 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 2020 in Million is 1,150.72, 2019 is (485.86), 2018 is (461.90). PAT from Dec 2020 is 1,468.58.
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