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KIMS has completed its qualified institutional placement, raising ₹1,500 crore

ICICIdirect Research 22 Jun 2026 DISCLAIMER

News: Krishna Institute of Medical Sciences (KIMS) has completed its qualified institutional placement, raising ₹1,500 crore through the allotment of 1.99 crore equity shares at an issue price of ₹755 per share. The issue price reflects a discount of ₹16.73, or 2.17%, to the floor price of ₹771.73. Pursuant to the allotment, KIMS' paid-up equity share capital increased to ₹84 crore from ₹80 crore. The QIP, which opened on June 16 and closed on June 19.

View: KIMS is looking to add ~1300+ beds (~25% of the existing bed capacity) in the coming 3-4 years and the management iterated that this is the peak debt levels for the company. The warrant issue made earlier to the promoter and this QIP is aimed to lower the borrowings and bring the net debt to EBITDA from current levels of 1:2 to 1:3.

Impact: Positive

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