KIMS IPO opens on June 16

Price band ₹815 - ₹ 825 per share of face value of ₹10 each

Healthcare service provider Krishna Institute of Medical Sciences (KIMS), that now has nine multi-speciality hospitals in Andhra Pradesh and Telangana with around 3,000 beds, plans to expand to markets adjacent to its existing core markets, including Chennai and Bengaluru. Besides Tamil Nadu and Karnataka, it is exploring prospects of foraying into some parts of central India as well as Bhubaneswar in Odisha. This is part of a growth strategy KIMS Hospitals, as it is better known, has drawn up, one in which emphasis will also be on consolidating in existing markets, by way of expanding clinical capabilities in existing hospitals, add more bed capacity to meet growing demand as well as explore untapped geographies in the Telugu States. The senior management spoke on the plans during a media briefing on the ₹2,144 crore IPO (initial public offering) of KIMS that opens on June 16. The price band of the IPO is ₹815- ₹ 825 per equity share of face value of ₹10 each. Minimum bid lot is 18 equity shares and in multiples of 18 equity shares thereafter in the IPO, which will close on June 18.