27 Jun , 2021 By : Kanchan Joshi
Shares of Krishna Institute of Medical Sciences and Dodla Dairy will make debut on the BSE and NSE on Monday. The Rs2,144-crore IPO of KIMS initial public offer of Krishna Institute of Medical Sciences Limited (KIMS) was subscribed 3.86 times. This included a little over Rs955 crore that was mobilised from anchor investors. The portion meant for Qualified Institutional Buyers(QIBs) was subscribed 5.26 times, non-institutional investors 1.89 times, and retail individual investors(RIIs) 2.89 times.
"Trading Members of the Exchange are hereby informed that effective from Monday, June 28, 2021, the equity shares of Krishna Institute of Medical Sciences Limited shall be listed and admitted to dealings on the Exchange in the list of 'B ' Group of Securities," a notification on BSE said.
Another notification said: "Trading Members of the Exchange are hereby informed that effective from Monday, June 28, 2021, the equity shares of Dodla Dairy Limited shall be listed and admitted to dealings on the Exchange in the list of 'B ' Group of Securities."
The Rs2,144-crore IPO of KIMS initial public offer (IPO) comprised a fresh issue of up to Rs200 crore and an offer for sale of up to 2,35,60,538 equity shares. The price range for the offer was at Rs815-825 per share.
KIMS is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana in terms of number of patients treated and treatments offered.
It operates nine multi-specialty hospitals under the "KIMS Hospitals" brand, with an aggregate bed capacity of 3,064, including over 2,500 operational beds as of December 31, 2020.
Dodla Dairy' Rs520 crore initial share-sale was subscribed 45.62 times at a price band of Rs421-428 apiece. The IPO was opened for public subscription on June 16 and concluded on June 18
The category reserved for QIBs was subscribed 84.88 times, non-institutional investors 73.62 times and portion set aside for retail investors was subscribed 11.34 times.
The IPO comprised fresh issuance of shares worth up to Rs50 crore, besides, an offer for sale of up to 1,09,85,444 equity shares by TPG Dodla Dairy Holdings Pte Ltd, Dodla Sunil Reddy, Dodla Deepa Reddy and Dodla Family Trust.
The company's operations in India are primarily across the four south Indian states of Andhra Pradesh, Telangana, Karnataka and Tamil Nadu.
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