Krishna institute of medical science (KIMS) IPO Closed

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Date 16 Jun 2021 – 18 Jun 2021
Price range 815 – 825
Minimum order quantity 18
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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%