The issue of the Krishna Institute of Medical Sciences (KimS Hospitals) has seen a 19 percent subscription on June 16, the first day of the offer, because the offer has received an offer for 27.88 shares of Lakh equity to the size of the Equity Equity Shares 1.44 Crore.
The section set aside for retail investors has subscribed to 63 percent and employees of 4 percent. The section set aside for eligible institutional buyers has seen 14 percent subscribing and 1 percent non-institutional investors.
KimS Hospital, one of the largest company health groups in AP and Telangana in terms of the number of patients treated and maintenance offered, launched a public problem of Rs 2,143.74 Crore which consists of a new edition of Rs 200 Crore and offers for sale to 2,35,60,538 Equity shares by selling shareholders including General Atlantic Singapore KH Pte and promoters.
The company will utilize clean net publishing results for certain loan payments (Rs 150 Crore). The price band for offers, which was closed on June 18, has been repaired at Rs 815-825 per equity stock.
KIMS Hospitals provides multi-disciplinary integrated health care services, with a focus on primary & tertiary secondary care in Tier 2-3 cities and elementary school health care, Mensper and Strongernary in Tier 1 cities.
KIMS operates 9 multi-special hospitals under the “KimS Hospitals” brand, with aggregate capacity 3,064 on December 31, 2020. The first hospital in the network was established in Nellore (AP) in 2000 and had a capacity of around 200 beds.
“On the price ribbon above RS 825, KIMS is available at EV / EBITDA 18.6x (FY21) that appears at full price. We hope to see recovery on patient footsteps and occupancy levels as locking restrictions,” said Geojit Financial Services. ,
“The company’s leadership position in AP & Telangana along with expansion to the new market and the increase in the capacity of the bed will be a strong lever for future growth. We set a subscription ranking with a long-term perspective,” Broker added.