KIMS fixes price band at Rs 815-825 for Rs 2144 crore IPO
New Delhi: Krishna Institute of Medical Sciences Ltd on Friday fixed a price band of Rs 815-825 a share for its Rs 2,144-crore IPO, which will open for public subscription on June 16.
The three-day initial public offer (IPO) will close on June 18, according to the company.
The IPO comprises fresh issue of shares aggregating up to Rs 200 crore and an offer for sale of up to 2,35,60,538 equity shares from promoters and existing shareholders.
Total 1,60,03,615 shares would be offered by General Atlantic Singapore KH Pte Ltd under the offer-for-sale, up to 3,87,966 equity shares by Dr Bhaskara Rao Bollineni, up to 7,75,933 shares by Rajyasri Bollineni, up to 3,87,966 equity shares by Bollineni Ramanaiah Memorial Hospitals and 60,05,058 shares by other existing selling shareholders.
The offer includes a reservation of shares to the tune of Rs 20 crore for employees.
Read also: Glenmark Life Sciences, Utkarsh Small Finance Bank get SEBI go ahead to float IPO
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