IPO Market 201: The movement in the IPO market has intensified. Next week on June 16, the IPO of Krishna Institute of Medical Sciences (KIMS) is going to be launched. KIMS plans to raise Rs 2144 crore through IPO.
IPO Market 201: The movement in the IPO market has intensified. One after the other companies are preparing to launch IPO. In this sequence, the IPO of Krishna Institute of Medical Sciences (KIMS) is going to be launched on June 16 next week. KIMS plans to raise Rs 2144 crore through IPO. This IPO will be open for investment from June 16 to June 18. Anchor investors will be able to bid in it on June 15. KIMS has also fixed the price band of the IPO. Know what is the share price for IPO, at least how much money will be required to be invested in this issue.
what is the full plan
In the IPO of Krishna Institute of Medical Sciences ie KIMS, new shares of up to Rs 200 crore will be issued. At the same time, 2.35 crore shares will be sold by promoters and other investors through offer for sale. The promoters of the company Bhaskar Rao Bolineni can sell 3.87 lakh shares and Rajyashree Bolineni 7.75 lakh shares. There are plans to sell 3.87 lakh shares of BRMH Private Limited and 1.60 crore shares of investor General Atlantic in the company. Krishna Institute of Medical Sciences is the largest hospital chain running company in Andhra Pradesh and Telangana. It is operating 9 multi-specialty hospitals under the brand KIMS Hospitals.
Price band and lot size
Krishna Institute of Medical Sciences has fixed the price band for the IPO at Rs 815-825. The lot size of the IPO is 18 shares. That is, it will be necessary to buy at least 18 shares in it. If we look at the upper price band of the stock at Rs 825, then it will be necessary to invest at least Rs 14850 in it.
How much reserve for whom
75 percent (about Rs 1593 crore) in the IPO will be reserved for qualified institutional buyers. 15% of the IPO will be reserved for non-institutional buyers and 10% for retail investors. While equity shares of 20 crores have been kept in reserve for the employees of the company. Eligible employees will get a discount of Rs 40 per share.
Where will the funds be used
The company will use the funds from the IPO for repayment. The company’s plan is to reduce its debt. Apart from this, the company will use the fund for general needs. Axis Capital, Kotak Mahindra Capital, Credit Suisse Securities and IIFL Securities have been appointed as merchant bankers. Lin Intime India Private Ltd will be the registrar for the IPO.
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