The issue received bids for 5,56,55,046 shares compared with 1,44,13,073 shares on offer. The quota reserved for qualified institutional buyers (QIBs) was subscribed 5.26 times, while the non-institutional investors quota received 1.89 times bids. The one reserved for retail individual investors (RIIs) was subscribed 2.89 times.
At the upper end of the Rs 815-825 price band, the issue asked for a PE multiple of 31.2 times and EV/Ebitda of 17.8 times on an FY21 basis. Analysts largely had a ‘subscribe with long term’ rating on the issue.
Last heard, the unlisted share was commanding a grey market premium of Rs 48-50 apiece, suggesting a 6 per cent premium over the upper end of the price band.
Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:
2) Under the issue type, click Equity
3) Under the issue name, select Krishna Institute of Medical Sciences Limited in the drop box
4) Write the application number
5) Add the PAN card ID
6) Click on ‘I am not a Robot’ and hit submit.
You can also check the allotment status on the online portal of Link Intime India
Private Limited (
https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar to the issue. The registrar is a Sebi-registered entity, qualified to act as such and which electronically processes all applications, and carries out the allotment process as per the prospectus.
The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatching and uploading of refunds, and attending to all investor-related queries after the issue is completed.
This is how you can check the allotment status:
1) Go to the web portal of Link Intime India Private Limited
2) Select the IPO in the drop box, whose name will be populated only if the allotment is finalised
3) You may be required to select either one of the three modes: Application number, Client ID or PAN ID
4) In application type, select between ASBA and non-ASBA
5) Enter the details of the mode you selected in Step 2
6) For security purpose, fill the captcha accurately
7) Hit submit.
Bidders who could not get allotment in the IPO may see the initialisation of refunds on Thursday. Others, who would be allotted shares may see the credit of shares in the demat account by Friday.
The IPO is likely to get listed on June 28, Monday.
KIMS is one of the largest hospital chains in South India, with operations in Andhra Pradesh and Telangana. The company operates nine multi-specialty hospitals with an aggregate capacity of 3,064 beds, with over 2,500 operational beds. The number of KIMs’ beds is 2.2 times that of the second largest hospital in Andhra Pradesh and Telangana.
In FY21, the company had an average revenue per operating bed (ARPOB) at Rs 20,609, a bed occupancy rate of 78.60 per cent, and an average length of stay of 5.53 days. ARPOB at Tier 1 cities stood at Rs 39,571, while it was at Rs 11,187 in tier 2-3 cities.
In FY21, 17.82 per cent of KIMs revenues came from cardiac sciences, 12.55 per cent from neurosciences, 9.30 per cent from renal sciences, 4.64 percent from orthopaedics, 5.25 per cent from gastric sciences, 5.71 per cent from oncology and 6.11 per cent from mother & child care.
Top 10 doctors contributed 21.80 per cent of its total income, while top 25 contributed 36.10 per cent of sales.