New Delhi (Anish Yande): Krishna Institute of Medical Sciences would be launching its initial public offering on June 16. The hospital operator aims to raise up to Rs 2,144 crore through the launch of the IPO. Check all details of the upcoming KIMS IPO here.
KIMS to launch Rs 2,144 crore IPO:
The initial public offer of Krishna Institute of Medical Sciences would amount to Rs 2,144 crore. Price band for the KIMS issue is fixed at Rs 815 to 825 per share. The company's IPO will open on 16 June and close on June 18.
Krishna Institute of Medical Sciences' initial public offer would consist of a fresh issue of up to Rs 200 crore. Offer for sale would amount up to 2,35,60,538 equity shares by promoters and investors.
The offer for sale would consist of up to 3,87,966 equity shares by Dr Bhaskara Rao Bollineni. Offer for sale would consist of 3,87,966 shares by Bollineni Ramanaiah Memorial Hospitals, and 3,87,966 shares by Bollineni Ramanaiah Memorial Hospitals. General Atlantic Singapore KH would be offloading its 1,60,03,615 equity shares through the offer for sale.
KIMS reserves worth Rs 20 crore for employees:
Shares amounting to Rs 20 crore would be reserved for employees. Investors can opt for a minimum of 18 equity shares through a bid and multiples of 18 equity shares. The reserved portion for qualified institutional buyers is fixed at 75 per cent. Non-institutional investors can avail of a reserved 15 per cent stake.
Krishna Institute of Medical Sciences aims to utilise the proceeds from the issue for repaying borrowings of Rs 150 crore and general corporate purposes. The book running lead managers to the KIMS issue are Axis Capital, Credit Suisse Securities, Kotak Mahindra Capital Company, and IIFL Securities
KIMS is a leading hospital chain operator based in Hyderabad. The company's hospital at Secunderabad is one of the largest private hospitals in India with a capacity of 1,000 beds. Krishna Institute of Medical Sciences has a significant presence in Telangana and Andhra Pradesh in terms of the number of patients treated and treatments provided.
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