New Delhi (Anish Yande): Krishna Institute of Medical Sciences has launched its initial public offering. The operator of hospital chains is raising up to Rs 2,144 crore through the launch of the IPO. Check all details before subscribing to the Krishna Institute of Medical Sciences IPO here.
Krishna Institute of Medical Sciences IPO receives 33% subscription:
KIMS IPO received around one-third of its subscription on Day 2. Till noon, investors had bid for only 47,60,406 shares of the company. The subscription amounted to 0.33 per cent as compared with the total issue size of 1,44,13,073 shares.
Krishna Institute of Medical Sciences IPO was subscribed 27 per cent on the first day of subscription. The KIMS IPO received bids for 38,57,274 shares as compared to 1,44,13,073 shares on offer. Qualified Institutional Buyers subscribed 14 per cent out of their reserved portion. Non-institutional investors subscribed 2 per cent and retail individual investors 1 per cent out of their reserved portion.
Krishna Institute of Medical Sciences’ initial public offer amounts up to Rs 2,144 crore. The price band for the KIMS issue is fixed from Rs 815 to 825 per share. The company’s IPO will close on June 18.
KIMS’ initial public offer consists of a fresh issue of up to Rs 200 crore. The offer for sale of the IPO is up to 2,35,60,538 equity shares by promoters and investors.
Shares worth Rs 20 crore would be reserved for employees. The eligible employees would get shares at a discount of up to Rs 40 on the final offer price.
Investors can opt for a minimum of 18 equity shares and in multiples of 18 equity shares. The reserved portion for qualified institutional buyers is fixed at 75 per cent. Non-institutional investors can bid out of a reserved 15 per cent portion. Krishna Institute of Medical Sciences would be utilising the proceeds from the issue for repaying borrowings worth Rs 150 crore and for general corporate purposes.
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