INSUBCONTINENT EXCLUSIVE:
Krishna Institute of Medical Sciences IPO: Share sale of Krishna Institute of Medical Sciences (KIMS) via initial public offering (IPO) was
oversubscribed on the final day of the issue
Krishna Institute of Medical Sciences IPO was subscribed 1.58 times till 2:05 pm, data from the National Stock Exchaneg showed
Krishna Institute of Medical Sciences received 2.27 crore bids for 1.44 crore shares on the offer
A total of 53.46 lakh bids were received at the cut off price.Demand for Krishna Institute of Medical Sciences was among the retail
investors as portion reserved for them was subscribed 1.35 times
Portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 67 per cent and portion reserved Non Institutional Investors was
subscribed 8 per cent.Krishna Institute of Medical Sciences is offering its shares in the price band of Rs 815-825 per share and planning to
The IPO consists of a fresh issue of shares aggregating upto Rs 200 crore and an offer for sale (OFS) of over 2.35 crore equity shares by
the promoters and existing shareholders.The OFS consists of sale of more than 1.6 crore shares by General Atlantic Singapore KH Pte, up to
3,87,966 shares by Dr Bhaskara Rao Bollineni, up to 775,933 shares by Rajyasri Bollineni, up to 387,966 shares by Bollineni Ramanaiah
Memorial Hospital and up to 6,005,058 shares by other existing, selling shareholders.Krishna Institute of Medical Sciences (KIMS) was
promoted by Dr Bhaskara Rao Bollineni, Rajyasri Bollineni, Dr Abhinay Bollineni, Adwik Bollineni and Bollineni Ramanaiah Memorial Hospitals
It has nine multi-speciality hospitals in Andhra Pradesh and Telangana, with total capacity of around 3,000 beds.Axis Capital, Credit Suisse
Securities (India), IIFL Holdings and Kotak Mahindra Capital are the book running lead managers to the issue, whereas Link Intime India is
the registrar for the IPO.
