Krishna institute of medical science (KIMS) IPO Closed
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About Krishna institute of medical science (KIMS)
Krishna institute of medical science (KIMS) plans to raise Rs 700 crores. The offer consists of a fresh issue of shares up to Rs 200 crore and an offer for sale (OFS) of 21,340,931 equity shares from existing shareholders.
Krishna institute of medical science (KIMS) one of the largest corporate healthcare groups in Andhra Pradesh and Telangana in terms of the number of patients treated and treatments offered. KIMS provides multi-disciplinary integrated healthcare services, with a focus on primary secondary & tertiary care in Tier 2-3 cities and primary, secondary, tertiary and quaternary healthcare in Tier 1 cities.
They operate 9 multi-speciality 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, which is 2.2 times more beds than the second-largest provider in AP and Telangana. KIMS offers a comprehensive range of healthcare services across 25 specialities and super specialities, including cardiac sciences, oncology, neurosciences, gastric sciences, orthopaedics, organ transplantation, renal sciences and mother & child care.
In 2020, the Average Revenue Per Occupied Bed (ARPOB) stood at Rs 27,410 in Tier-1 cities and Rs 11,758 in Tier-2-3 cities. In aggregate, the nine hospitals recorded an ARPOB of Rs 18,307 and a bed occupancy rate of 80.49%.
Income mix
| Cardiac sciences | 20.98% |
| Neurosciences | 14.57% |
| Renal sciences | 9.90% |
| Orthopaedics | 7.62% |
| Gastric scineces | 6.87% |
| Oncology | 6.98% |
| Mother & child care | 8.71% |
| Others | 22.07% |
Financial snapshot
| 2018 | 2019 | 2020 | 2018-2020 CAGR | 9 momths Dec 2020 | |
| Bed Capacity | 2,120 | 2,804 | 3004 | 19.04% | 3064 |
| Bed occupancy rate | 75.83% | 71.83% | 80.49% | 72% | |
| Inpatient Volume | 88,577 | 1,11,382 | 1,40,676 | 26.02% | 83,860 |
| Outpatient Volume | 6,61,000 | 9,00,043 | 11,37,560 | 31.19% | 5,57,071 |
| Total Income (₹in millions) | 7,000.49 | 9,238.67 | 11,287.28 | 26.98% | 9,773.77 |
| PBT (₹in millions) | -204.5 | -150.43 | 1,405.26 | – | 1,979.95 |
| Adjusted Profit Before Tax Expense (₹in millions) | 1,019.56 | 840.85 | 1,405.26 | 17.40% | 1,979.95 |
| PAT (₹in millions) | -461.9 | -485.86 | 1,150.72 | – | 1,468.58 |
| Adjusted EBITDA (₹in millions) | 1,394.02 | 1,739.49 | 2,510.78 | 34.21% | 2,759.82 |
| Adjusted EBITDA Margin | 19.91% | 18.83% | 22.24% | – | 28.24% |