KIMS to open IPO on 16th June 2021 with IPO size of ₹2144 crores by Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on KIMS to open IPO on 16th June 2021 with IPO size of ₹2144 crores by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
KIMS to open IPO on 16th June 2021 with IPO size of ₹2144 crores.
Krishna Institutional of Medical Sciences IPO will open on 16th June and close on 18th June 2021. The IPO size is ₹2144 crores out of which fresh issue is ₹200 crores and offer for sale by promoter group is ₹1944 crores (2.35 crores shares), with IPO price band of ₹815-₹825. Majority of the proceeds from fresh sales will be used for the repayment of debt of the company.
KIMS is one of the largest hospital chains of South India, operating in Andhra Pradesh and Telangana. Company operates 9 multi-speciality hospitals with an aggregate capacity of 3064 beds and has more than 2500+ operational beds.
This is a very good time to launch an IPO in the hospital sector as after the covid 19, we have seen a one way rally in several hospital stocks, we have a positive outlook for the KIMS-IPO.
Above views are of the author and not of the website kindly read disclaimer
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