Monday, June 28, 2021

KIMS IPO listed at 22% premium on D-Street

Krishna Institute of Medical Sciences aka KIMS Hospitals made a strong debut on D-Street, listed at 22% premium on 28 June. KIMS share listed at ₹1009 on NSE and ₹1008 on BSE respectively. The share listed with 22% premium against the issue price of ₹825 (higher band). The stock hit a high of ₹1059 on NSE and ₹1057.95 on BSE. (Check the latest KIMS Share price)


The company raised ₹2144 crores via initial public offer started on 16 June and ended on 18 June 2021. The IPO was subscribed 3.86 times overall in which 5.26x in QIB, 1.88x in NII and 2.90x in Retail. KIMs raised ₹956 crore from anchor investors ahead of its IPO.

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KIMS IPO Full Details

Brokerage houses - Angel Broking, Religare, ICICI Direct and few others said investors to subscribe the IPO for long term gain. As the grey market was not that active and stable around 50-60 level but before the listing day it climb up to 100 level and that shown in the listing of the IPO as well. It was a good listing for the short term investors.

KIMS operates in nine multi-specialty hospitals under the brand name 'KIMS Hospitals'. They have an aggregate bed capacity of 3000+ with more than 2500 operational beds as on FY21. They are the second largest provider in Andhra Pradesh and Telangana.