KIMS units value band at Rs 815-825/share for Rs 2,144-crore IPO

Krishna Institute of Medical Sciences Ltd on Friday mounted a value band of Rs 815-825 a share for its Rs 2,144-crore IPO, which is able to open for public subscription on June 16.
The three-day preliminary public provide (IPO) will shut on June 18, in keeping with the corporate.
The IPO includes contemporary subject of shares aggregating as much as Rs 200 crore and a proposal on the market of as much as 2,35,60,538 fairness shares from promoters and current shareholders.
Total 1,60,03,615 shares can be provided by General Atlantic Singapore KH Pte Ltd underneath the offer-for-sale, as much as 3,87,966 fairness shares by Dr Bhaskara Rao Bollineni, as much as 7,75,933 shares by Rajyasri Bollineni, as much as 3,87,966 fairness shares by Bollineni Ramanaiah Memorial Hospitals and 60,05,058 shares by different current promoting shareholders.

The provide features a reservation of shares to the tune of Rs 20 crore for workers.
At the higher finish of the worth band, the IPO is anticipated to fetch Rs 2,144 crore.
Total 75 per cent of the problem has been reserved for certified institutional consumers, 15 per cent for non-institutional bidders and 10 per cent for retail traders.
Proceeds from the contemporary subject shall be used to repay debt of the corporate and its subsidiaries.
Krishna Institute of Medical Sciences (KIMS) is without doubt one of the largest company healthcare teams in Andhra Pradesh and Telangana by way of variety of sufferers handled and coverings provided.
It operates 9 multi-specialty hospitals underneath the “KIMS Hospitals” model, with an combination mattress capability of three,064, together with over 2,500 operational beds as of December 31, 2020.
KIMS Hospitals provide a complete vary of healthcare companies throughout over 25 specialties and tremendous specialties, together with cardiac sciences, oncology, neurosciences, gastric sciences, orthopaedics, organ transplantation, renal sciences and mom and baby care.

Kotak Mahindra Capital Company, Axis Capital, Credit Suisse Securities (India) Pvt Ltd and IIFL Securities have been appointed as ebook working lead managers to the problem.
The fairness shares are proposed to be listed on BSE and NSE.