{"id":16471,"date":"2021-06-16T11:23:52","date_gmt":"2021-06-16T05:53:52","guid":{"rendered":"https:\/\/www.moneyworks4me.com\/investmentshastra\/?p=16471"},"modified":"2021-06-18T17:22:43","modified_gmt":"2021-06-18T11:52:43","slug":"kims-hospitals-ipo-review","status":"publish","type":"post","link":"https:\/\/www.moneyworks4me.com\/investmentshastra\/kims-hospitals-ipo-review\/","title":{"rendered":"KIMS Hospitals IPO Review: Boom in healthcare to continue"},"content":{"rendered":"<div style=\"background: #ccffcc; border: 1px solid #009900; border-left-color: Brick tomato; border-left-style: solid; border-left-width: 15px; padding: 15px; margin-bottom: 5px; margin-top: 7px;\">\n<h2 style=\"font-size: 18px;\">KIMS (Krishna Institute of Medical Sciences Limited) IPO Details:<\/h2>\n<p><strong>IPO Date:<\/strong>\u00a0June 16<sup>th<\/sup> to June 18<sup>th<\/sup>, 2021<\/p>\n<p><strong>Total Shares for subscription:<\/strong>\u00a0~2.6 Crore<\/p>\n<p><strong>IPO Size:<\/strong>\u00a0~Rs. 2,144 Cr<\/p>\n<p><strong>Lot Size:<\/strong>\u00a018 shares<\/p>\n<p><strong>Price Band:<\/strong>\u00a0Rs. 815-825\/share<\/p>\n<p><strong>Market Cap:<\/strong>\u00a0~Rs. 6,600 Cr<\/p>\n<p><strong>Recommendation:<\/strong>\u00a0<span style=\"color: #008000;\">BUY for listing gains<\/span><\/p>\n<\/div>\n<h2 style=\"font-size: 18px;\">Purpose of KIMS IPO<\/h2>\n<ul>\n<li>To make repayment\/ prepayment of borrowings availed by the firm and its subsidiaries<\/li>\n<li>Meeting general corporate purposes<\/li>\n<\/ul>\n<h2 style=\"font-size: 18px;\">About the KIMS<\/h2>\n<p>KIMS (<a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/sector\/hospital-healthcare-services\/krishna-inst-medi\/company-info\"><strong>Krishna Institute of Medical Sciences Limited<\/strong><\/a>) was incorporated as Jagjit Singh and Sons Private Limited in July 1973. It is one of the largest corporate healthcare groups in AP and Telangana in terms of the number of patients treated and treatments offered. They operate 9 multispecialty hospitals under the \u201cKIMS Hospitals\u201d brand, with an aggregate bed capacity of 3,064, including over 2,500 operational beds as of Mar\u201921.<\/p>\n<p>Their flagship hospital at Secunderabad is one of the largest private hospitals in India at a single location (excluding medical colleges), with a capacity of 1,000 beds. They have expanded their hospital network in recent years through their acquisitions of hospitals in Ongole in FY17, Vizag and Anantapur in FY19, and Kurnool in FY20.<\/p>\n<h3 style=\"font-size: 16px;\">Business of KIMS<\/h3>\n<p>KIMS offers a comprehensive range of healthcare services across over 25 specialties and super specialties, including cardiac sciences, oncology, neurosciences, gastric sciences, orthopedics, organ transplantation, renal sciences, and mother &amp; child care.<\/p>\n<p>&nbsp;<\/p>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/segmentwise-revenue-fy-2021.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-16472\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/segmentwise-revenue-fy-2021.png\" alt=\"segmentwise revenue fy 2021\" width=\"703\" height=\"321\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/segmentwise-revenue-fy-2021.png 823w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/segmentwise-revenue-fy-2021-600x274.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/segmentwise-revenue-fy-2021-150x69.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/segmentwise-revenue-fy-2021-768x351.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/segmentwise-revenue-fy-2021-270x123.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/segmentwise-revenue-fy-2021-370x169.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/segmentwise-revenue-fy-2021-740x338.png 740w\" sizes=\"(max-width: 703px) 100vw, 703px\" title=\"\"><\/a><\/p>\n<p>KIMS provides multi-disciplinary integrated healthcare services, with a focus on primary secondary &amp; tertiary care in Tier 2-3 cities and primary, secondary, tertiary, and quaternary healthcare in Tier 1 cities. KIMS has approached its network expansion with financial prudence and all of its significant capital investments are carefully deliberated.<\/p>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-16473\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate.png\" alt=\"bed occupancy rate\" width=\"395\" height=\"316\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate.png 557w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate-501x400.png 501w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate-150x120.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate-270x216.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate-370x296.png 370w\" sizes=\"(max-width: 395px) 100vw, 395px\" title=\"\"><\/a><\/p>\n<p>Currently, their network consists of hospitals strategically located to serve the healthcare needs of AP and Telangana across urban Tier 1 cities such as Secunderabad and Hyderabad and more rural Tier 2-3 areas such as Vizag, Nellore, Rajahmundry, Srikakulam, Ongole, Anantapur, and Kurnool. Their hospitals are also situated well to capture patient in-flow across AP and Telangana and from the neighboring states of Karnataka, Odisha, Tamil Nadu, and parts of central India. The affordability and quality of healthcare services provided by them and their track record of building long-term relationships with medical professionals including their doctors, has enabled their growth and helped them build their \u2018KIMS Hospitals\u2019 brand.<\/p>\n<h3 style=\"font-size: 16px;\">Hospital-wise Key Financial and Operational Metric as of FY21<\/h3>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/operational-beds.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-16475\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/operational-beds.png\" alt=\"operational beds\" width=\"700\" height=\"168\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/operational-beds.png 891w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/operational-beds-600x144.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/operational-beds-150x36.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/operational-beds-768x184.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/operational-beds-270x65.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/operational-beds-370x89.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/operational-beds-740x178.png 740w\" sizes=\"(max-width: 700px) 100vw, 700px\" title=\"\"><\/a><\/p>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate-1.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-16474\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate-1.png\" alt=\"bed occupancy rate\" width=\"703\" height=\"151\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate-1.png 893w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate-1-600x129.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate-1-150x32.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate-1-768x165.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate-1-270x58.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate-1-370x80.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/bed-occupancy-rate-1-740x159.png 740w\" sizes=\"(max-width: 703px) 100vw, 703px\" title=\"\"><\/a><\/p>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-length-of-stay.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-16476\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-length-of-stay.png\" alt=\"average length of stay\" width=\"704\" height=\"169\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-length-of-stay.png 855w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-length-of-stay-600x144.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-length-of-stay-150x36.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-length-of-stay-768x184.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-length-of-stay-270x65.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-length-of-stay-370x89.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-length-of-stay-740x177.png 740w\" sizes=\"(max-width: 704px) 100vw, 704px\" title=\"\"><\/a><\/p>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-revenue-per-operational-bed.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-16477\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-revenue-per-operational-bed.png\" alt=\"average revenue per operational bed\" width=\"705\" height=\"164\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-revenue-per-operational-bed.png 828w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-revenue-per-operational-bed-600x140.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-revenue-per-operational-bed-150x35.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-revenue-per-operational-bed-768x179.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-revenue-per-operational-bed-270x63.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-revenue-per-operational-bed-370x86.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/average-revenue-per-operational-bed-740x172.png 740w\" sizes=\"(max-width: 705px) 100vw, 705px\" title=\"\"><\/a><\/p>\n<h3 style=\"font-size: 16px;\">Management of KIMS<\/h3>\n<p>The company was incorporated in July 1973 and until 2003, it was owned, managed, and controlled by Jagjit Singh and certain of his family members, who together owned the entire shareholding of the company.<\/p>\n<p>Dr. Bhaskara Rao Bollineni is the Promoter and MD of the company. He has over 27 years of experience in cardiothoracic surgery and has in the past held various positions with Apollo Hospitals, Austin Hospital, University of Melbourne, and Mahavir Hospital and Research Centre.<\/p>\n<p>Dr. Abhinay Bollineni is the Promoter and Executive Director of the company. He played a key role in establishing KIMS Kondapur in 2014.<\/p>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/stock-market\/learn-guide\/free-online-webinars?from=investmentshastra-banner\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-16449 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/607-80px.png\" alt=\"live webinar banner\" width=\"607\" height=\"80\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/607-80px.png 607w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/607-80px-600x79.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/607-80px-150x20.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/607-80px-270x36.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/607-80px-370x49.png 370w\" sizes=\"(max-width: 607px) 100vw, 607px\" title=\"\"><\/a><\/p>\n<h3 style=\"font-size: 16px;\">Financials of KIMS<\/h3>\n<p>Over the period FY19-21 revenues have grown at a CAGR of 20.4% while operating profit grew at a CAGR of 100% on a low base.<\/p>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/financials-of-kims-hospitals.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-16478\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/financials-of-kims-hospitals.png\" alt=\"financials of kims hospitals\" width=\"404\" height=\"177\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/financials-of-kims-hospitals.png 473w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/financials-of-kims-hospitals-150x66.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/financials-of-kims-hospitals-270x118.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/financials-of-kims-hospitals-370x162.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/financials-of-kims-hospitals-470x207.png 470w\" sizes=\"(max-width: 404px) 100vw, 404px\" title=\"\"><\/a><\/p>\n<p>In FY20, the CAPEX per bed was \u20b9 63.5 Lakhs for hospitals in Tier 1 cities and \u20b9 22.1 Lakhs for hospitals in Tier 2-3 cities, compared to the industry average of \u20b9 50-80 Lakhs in Tier 1 cities and \u20b9 10-50 Lakhs in Tier 2-3 cities. The company\u2019s ability to keep the CAPEX \/ bed at these levels has been instrumental in providing quality and affordable healthcare services. They expect to remain disciplined with expansion. In FY21, their CAPEX per bed was \u20b9 69.1 Lakhs for hospitals in Tier 1 cities and \u20b9 22.1 Lakhs for hospitals in Tier 2-3 cities.<\/p>\n<h4>Strengths<\/h4>\n<ul>\n<li>Regional leadership has driven clinical excellence at affordable pricing<\/li>\n<li>Disciplined approach to acquisitions resulting in successful inorganic growth<\/li>\n<li>The experienced senior management team<\/li>\n<\/ul>\n<div style=\"border: 2px solid #F4A609; padding: 10px; background-color: #fff0d0; border-radius: 30px 5px;\">\n<h2 style=\"font-size: 18px;\">MoneyWorks4me Opinion<\/h2>\n<h3 style=\"font-size: 16px;\">Is business good bad or gruesome?<\/h3>\n<p>Average. Hospital is a moderate ROCE and high growth business. Less number of beds per million, increasing affordability and insurance availability are key reasons for sustained growth in hospitals as a sector.<\/p>\n<p>In past, we have seen that hospitals need large investments to set up hospitals in prime locations as well as facilities with a minimum number of beds for better cost-efficiency. Besides, it also has a high cost of doctors and caretakers which limits profit margin.<\/p>\n<p>We believe that hospitals with more surgeries in a day, large facility and a high number of surgeries per doctor are likely to earn a steady return on capital for a sustained period. In hospitals, average occupancy and length of stay are key parameters to determine efficiency and hence return on capital. According to our analysis, Narayana Health and Apollo Healthcare are good companies in this space.<\/p>\n<p>Krishna Institute of Medical Sciences is an emerging regional player. Current numbers look impressive but it has to be looked at in the context of valuation one has to pay for owning such a business.<\/p>\n<p>In the current market, valuations are high and hence IPO is taking advantage of optimistic sentiment in the market.<\/p>\n<p>We believe at 17X EV\/EBITDA, the prices are high but they can be considered as entry price and later added when prices are favorable in the future.<\/p>\n<p>We recommend BUY on Krishna Institute of Medical Sciences in IPO listing. We will like to see the sustainability of operating metrics and recommend higher allocation in the future.<\/p>\n<p><strong>Recommendation: <span style=\"color: #008000;\">BUY for listing gains<\/span><\/strong><\/p>\n<p>P.S. Our IPO calls are mostly to take advantage of IPO allotment in sectors that are in favor. We would not recommend a large allocation soon as we are yet to see company performance and execution post listing hence we don\u2019t recommend buy immediately after listing unless we are convinced about the business model or price.<\/p>\n<\/div>\n<h2 style=\"font-size: 18px; background-color: #7e7d7d; padding-left: 5px; margin-top: 10px; margin-bottom: 10px;\"><span id=\"time-table\" class=\"sta-anchor \" aria-hidden=\"true\"><span style=\"color: #ffffff;\">KIMS Hospitals IPO Tentative Timetable:<\/span><\/span><\/h2>\n<table width=\"620\">\n<tbody>\n<tr>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>IPO Activity<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>Date<\/strong><\/td>\n<\/tr>\n<tr>\n<td>IPO Open Date<\/td>\n<td style=\"text-align: center;\">Jun 16, 2021<\/td>\n<\/tr>\n<tr>\n<td>IPO Close Date<\/td>\n<td style=\"text-align: center;\">Jun 18, 2021<\/td>\n<\/tr>\n<tr>\n<td>Basis of Allotment Finalisation Date<\/td>\n<td style=\"text-align: center;\">Jun 23, 2021<\/td>\n<\/tr>\n<tr>\n<td>Refunds Initiation<\/td>\n<td style=\"text-align: center;\">Jun 24, 2021<\/td>\n<\/tr>\n<tr>\n<td>A credit of Shares to Demat Account<\/td>\n<td style=\"text-align: center;\">Jun 25, 2021<\/td>\n<\/tr>\n<tr>\n<td>IPO Listing Date<\/td>\n<td style=\"text-align: center;\">Jun 28, 2021<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"font-size: 18px; background-color: #7e7d7d; padding-left: 5px; margin-top: 10px; margin-bottom: 10px;\"><span id=\"time-table\" class=\"sta-anchor \" aria-hidden=\"true\"><span style=\"color: #ffffff;\">Retail Individual Investor IPO Lot Size:<\/span><\/span><\/h2>\n<table class=\"table table-condensed table-bordered table-striped table-nonfluid\">\n<thead>\n<tr>\n<th style=\"background-color: #03acc7; color: white; text-align: center;\">Application<\/th>\n<th style=\"background-color: #03acc7; color: white; text-align: center;\">Lots<\/th>\n<th style=\"background-color: #03acc7; color: white; text-align: center;\">Shares<\/th>\n<th style=\"background-color: #03acc7; color: white; text-align: center;\">Amount<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"text-align: center;\">Minimum<\/td>\n<td style=\"text-align: center;\">1<\/td>\n<td style=\"text-align: center;\">18<\/td>\n<td style=\"text-align: center;\">\u20b9 14,850<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">Maximum<\/td>\n<td style=\"text-align: center;\">13<\/td>\n<td style=\"text-align: center;\">234<\/td>\n<td style=\"text-align: center;\">\u20b9 193,050<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"background-color: #7e7d7d; font-size: 18px; padding-left: 5px; margin-top: 10px; margin-bottom: 10px;\"><span id=\"subscription\" class=\"sta-anchor \" aria-hidden=\"true\"><span style=\"color: #ffffff;\">KIMS Hospitals IPO Subscription Status:<\/span><\/span><\/h2>\n<table width=\"620\">\n<tbody>\n<tr>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>Date<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>QIB<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>NII<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>Retail<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>Employee<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>Total<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Jun 16, 2021, 17:00<\/td>\n<td style=\"text-align: center;\">0.14x<\/td>\n<td style=\"text-align: center;\">0.02x<\/td>\n<td style=\"text-align: center;\">1.00x<\/td>\n<td style=\"text-align: center;\">0.27x<\/td>\n<td style=\"text-align: center;\">0.27x<\/td>\n<\/tr>\n<tr>\n<td>Jun 17, 2021, 17:00<\/td>\n<td style=\"text-align: center;\">0.32x<\/td>\n<td style=\"text-align: center;\">0.09x<\/td>\n<td style=\"text-align: center;\">1.95x<\/td>\n<td style=\"text-align: center;\">0.66x<\/td>\n<td style=\"text-align: center;\">0.56x<\/td>\n<\/tr>\n<tr>\n<td>Jun 18, 2021, 17:00<\/td>\n<td style=\"text-align: center;\">5.26x<\/td>\n<td style=\"text-align: center;\">1.89x<\/td>\n<td style=\"text-align: center;\">2.90x<\/td>\n<td style=\"text-align: center;\">1.06x<\/td>\n<td style=\"text-align: center;\">3.86x<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"font-size: 18px; background-color: #7e7d7d; padding-left: 5px; margin-top: 10px; margin-bottom: 10px;\"><span id=\"faq\" class=\"sta-anchor \" aria-hidden=\"true\"><span style=\"color: #ffffff;\">KIMS Hospitals IPO Faqs:<\/span><\/span><\/h2>\n<h3 style=\"font-size: 16px;\">When will the KIMS Hospitals IPO open?<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/sector\/hospital-healthcare-services\/krishna-inst-medi\/company-info\"><strong>KIMS Hospitals<\/strong>\u00a0<\/a>IPO will open for subscription on Wednesday, June 16, and will close on Friday, May 18.<\/p>\n<h3 style=\"font-size: 16px;\"><strong>What is the price band of KIMS Hospitals IPO?<\/strong><\/h3>\n<p>The price band for KIMS Hospitals IPO is Rs. 815-825.<\/p>\n<h3 style=\"font-size: 16px;\">What is the lot size for KIMS Hospitals IPO?<\/h3>\n<p>Retail investors can subscribe to the IPO minimum lot size is 18 shares, up to a maximum of 13 lots i.e. Rs. 1, 93,050.<\/p>\n<h3 style=\"font-size: 16px;\">What is the issue size of KIMS Hospitals IPO?<\/h3>\n<p>The total issue size is ~ Rs. 2144 Cr.<\/p>\n<h3 style=\"font-size: 16px;\">What is the quota reserved for retail investors in KIMS Hospitals IPO?<\/h3>\n<p>The quota for retail investors in KIMS Hospitals IPO is fixed at 10% of the net offer.<\/p>\n<h3 style=\"font-size: 16px;\">When will the basis of allotment be out?<\/h3>\n<p>Allotment will be finalized on June 23 and refunds will be credited by June 24. Shares allotment will be credited in Demat accounts by June 25.<\/p>\n<h3 style=\"font-size: 16px;\">What is the listing date of KIMS Hospitals IPO?<\/h3>\n<p>The tentative listing of\u00a0KIMS Hospitals\u00a0IPO is June 28.<\/p>\n<h3 style=\"font-size: 16px;\">Where could we check the KIMS Hospitals IPO allotment?<\/h3>\n<p>One can check the subscription status on\u00a0<strong><a href=\"https:\/\/kcas.kfintech.com\/ipostatus\/\" target=\"_blank\" rel=\"noopener\">KFintech Private Limited<\/a><\/strong>.<\/p>\n<h3 style=\"font-size: 16px;\">Who are the leading book managers to the issue?<\/h3>\n<p>Axis Capital Limited, Credit Suisse Securities (India) Private Limited, IIFL Holdings Limited, Kotak Mahindra Capital Company Limited<\/p>\n<h3 style=\"font-size: 16px;\">What does KIMS Hospitals do?<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/sector\/hospital-healthcare-services\/krishna-inst-medi\/company-info\"><strong>KIMS<\/strong><\/a> offers a comprehensive range of healthcare services across over 25 specialties and super specialties, including cardiac sciences, oncology, neurosciences, gastric sciences, orthopedics, organ transplantation, renal sciences, and mother &amp; child care. Their flagship hospital at Secunderabad is one of the largest private hospitals in India at a single location (excluding medical colleges), with a capacity of 1,000 beds.<\/p>\n<h3 style=\"font-size: 16px;\">Who are the peers of KIMS Hospitals?<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/healthcare\/hospital-healthcare-services\/apollo-hospital-ent\/company-info\">Apollo Hospitals<\/a>, <a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/healthcare\/hospital-healthcare-services\/fortis-healthcare\/company-info\">Fortis Healthcare<\/a>, <a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/sector\/hospital-healthcare-services\/shalby\/company-info\">Shalby<\/a>, <a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/healthcare\/hospital-healthcare-services\/narayana-hrudayalay\/company-info\">Narayana Hrudayalaya<\/a><\/p>\n<h3 style=\"font-size: 16px;\">What if I do not get the allotment?<\/h3>\n<p>If you do not get an allotment of this IPO we recommend you to check out our <strong><a href=\"https:\/\/www.moneyworks4me.com\/moneyworks4me-pro\/equity-portfolio\/\">MoneyWorks4me PRO solution<\/a><\/strong> which provides you with exhaustive research-backed recommendations on strong companies, mutual funds, and index funds. You get all this for a price which can be as low as Rs. 1,999 (14% of IPO lot size). The MoneyWorks4me PRO provides a guide to building a strong portfolio for beginners to become PRO.<\/p>\n<p><a href=\"https:\/\/youtu.be\/nNIfoB-Rcro\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-16440 \" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/Are-you-afraid-to-invest-in-stock-Watch-this-video-to-invest-successfully-to-reach-your-goals..jpg\" alt=\"Are you afraid to invest in stock Watch this video to invest successfully to reach your goals.\" width=\"742\" height=\"139\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/Are-you-afraid-to-invest-in-stock-Watch-this-video-to-invest-successfully-to-reach-your-goals..jpg 800w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/Are-you-afraid-to-invest-in-stock-Watch-this-video-to-invest-successfully-to-reach-your-goals.-600x113.jpg 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/Are-you-afraid-to-invest-in-stock-Watch-this-video-to-invest-successfully-to-reach-your-goals.-150x28.jpg 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/Are-you-afraid-to-invest-in-stock-Watch-this-video-to-invest-successfully-to-reach-your-goals.-768x144.jpg 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/Are-you-afraid-to-invest-in-stock-Watch-this-video-to-invest-successfully-to-reach-your-goals.-270x51.jpg 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/Are-you-afraid-to-invest-in-stock-Watch-this-video-to-invest-successfully-to-reach-your-goals.-370x69.jpg 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/06\/Are-you-afraid-to-invest-in-stock-Watch-this-video-to-invest-successfully-to-reach-your-goals.-740x139.jpg 740w\" sizes=\"(max-width: 742px) 100vw, 742px\" title=\"\"><\/a><\/p>\n<h2 style=\"font-size: 18px; background-color: #7e7d7d;\"><span id=\"recent-ipo\" class=\"sta-anchor \" aria-hidden=\"true\"><span style=\"color: #ffffff;\">\u00a0Recent IPOs:<\/span><\/span><\/h2>\n<div id=\"footable_parent_16482\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent bootstrap3 \">\n                <table data-ninja_table_instance=\"ninja_table_instance_0\" data-footable_id=\"16482\" data-filter-delay=\"1000\" aria-label=\"recent ipo_16062021( Read more )\"            id=\"footable_16482\"\n           data-unique_identifier=\"ninja_table_unique_id_1758668452_16482\"\n           class=\" foo-table ninja_footable foo_table_16482 ninja_table_unique_id_1758668452_16482 table  nt_type_ajax_table table-striped table-bordered table-hover table-condensed vertical_centered  footable-paging-right ninja_table_search_disabled\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                            <col class=\"ninja_column_2 \">\n                            <col class=\"ninja_column_3 \">\n                            <col class=\"ninja_column_4 \">\n                            <col class=\"ninja_column_5 \">\n                    <\/colgroup>\n            <\/table>\n    \n    \n    \n<\/div>\n\n<p><a class=\"editor-rtfLink\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/ipo-historical-table\/\" target=\"_blank\" rel=\"noopener\"><strong><span data-preserver-spaces=\"true\">Click here<\/span><\/strong><\/a><strong><span data-preserver-spaces=\"true\">, for the Recent IPO complete list and IPO Historic data 2021.<\/span><\/strong><\/p>\n<p>If you liked what you read and would like to put it in to practice Register at MoneyWorks4me.com. You will get amazing FREE features that will enable you to invest in Stocks and Mutual Funds the right way.<\/p>\n<div class=\"row text-center mb-3\">\n<div class=\"col-md-12 col-12 font13 mb-3\" style=\"background: #fbf0e7; padding-top: 5px; border: 1px solid #FBA059;\">\n<div class=\"text-center mt-2 mb-3 text-success font14\" style=\"text-align: center; font-size: 15px;\"><strong><span style=\"color: #28a745;\">We love helping investors like you,<\/span><\/strong><\/div>\n<p style=\"text-align: center; padding-top: 10px; margin-bottom: 5px; line-height: 30px;\">\u00a0<a href=\"https:\/\/www.moneyworks4me.com\/stock-market\/learn-guide\/free-online-webinars?from=investmentshastra-baaner\"><span style=\"color: #800000;\"><strong>Register for Webinar<\/strong><\/span><\/a> | <span style=\"color: #3366ff;\"><a href=\"https:\/\/www.moneyworks4me.com\/mobile-site\/registration\/?source=investmentshastra\">Register FREE<\/a><\/span> | <a href=\"https:\/\/www.moneyworks4me.com\/payment\/index\/subscribe-superstars\/?source=investmentshastra\"><span style=\"color: #ff0000;\">Subscribe<\/span><\/a><\/p>\n<\/div>\n<\/div>\n<hr \/>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/\"><img decoding=\"async\" style=\"float: left; height: 100px; padding-right: 16px; margin-left: 40px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/mw4me-logo.png\" alt=\"\" title=\"\"> <\/a> <a class=\"hide-mobile\" href=\"https:\/\/t.me\/mw4me\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"float: left; height: 100px; padding-right: 16px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/investments-shastra-blog.png\" alt=\"\" title=\"\"> <\/a><\/p>\n<div class=\"hide-mobile\" style=\"height: 100px; padding-top: 15px;\"><strong style=\"font-size: 15px; color: #32aadf;\">Join our Telegram Channel:<\/strong><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/fundamentalstockinvesting\">Stock Investing<\/a><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/mutualfundinvesting\">Mutual Fund Investing<\/a><\/div>\n<p>&nbsp;<\/p>\n<div class=\"hide-desktop\" style=\"float: left; width: 100%; text-align: center; padding-bottom: 15px;\"><a href=\"https:\/\/t.me\/mw4me\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"height: 100px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/investments-shastra-blog.png\" alt=\"\" title=\"\"><\/a><br \/>\n<strong style=\"font-size: 15px; color: #32aadf;\">Join our Telegram Channel:<\/strong><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/fundamentalstockinvesting\">Stock Investing<\/a><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/mutualfundinvesting\">Mutual Fund Investing<\/a><\/div>\n<div style=\"text-align: center;\">\n<p><span style=\"color: #0070c0;\"><b>Need help on Investing? And more<\/b><b>\u2026.<\/b><b>Puchho<\/b> <b>Befikar<\/b><\/span><\/p>\n<div class=\"puchhoBefikarIcon\"><img decoding=\"async\" loading=\"lazy\" class=\"\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/puchho-befikar-logo.png\" width=\"59\" height=\"46\" alt=\"\" title=\"\"><\/div>\n<p><b><i>Kyunki<\/i><\/b> <b><i>yeh<\/i><\/b> <b><i>paise<\/i><\/b> <b><i>ka<\/i><\/b> <b><i>mamala<\/i><\/b> <b><i>hai<br \/>\n<\/i><\/b><a href=\"https:\/\/www.youtube.com\/watch?v=iqqbuJbMlk4 \" target=\"_blank\" rel=\"noopener\">Why MoneyWorks4me<\/a> | Call: <a href=\"tel:+91 20 6725 8333\">020 6725 8333<\/a> | WhatsApp: <a href=\"https:\/\/api.whatsapp.com\/send?phone=918055769463&amp;text=Need%20any%20help?\" target=\"_blank\" rel=\"noopener\">8055769463<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>KIMS (Krishna Institute of Medical Sciences Limited) IPO Details: IPO Date:\u00a0June 16th to June 18th, 2021 Total Shares for subscription:\u00a0~2.6 Crore IPO Size:\u00a0~Rs. 2,144 Cr Lot Size:\u00a018 shares Price Band:\u00a0Rs. 815-825\/share Market Cap:\u00a0~Rs. 6,600 Cr Recommendation:\u00a0BUY for listing gains Purpose of KIMS IPO To make repayment\/ prepayment of borrowings availed by the firm and its [&hellip;]<\/p>\n","protected":false},"author":2882,"featured_media":16481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1166,822],"tags":[141,1336,1382,1383],"modified_by":"MoneyWorks4me","_links":{"self":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/16471"}],"collection":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/users\/2882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/comments?post=16471"}],"version-history":[{"count":0,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/16471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media\/16481"}],"wp:attachment":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media?parent=16471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/categories?post=16471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/tags?post=16471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}