Krishna Institute of Medical Sciences Limited IPO
(i) Krishna Institute is the largest corporate healthcare groups in AP and Telangana in terms of number of patients treated and treatments offered, according to the CRISIL Report.
(ii) They provide 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.
(iii) Krishna Institute operates 9 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, which is 2.2 times more beds than the second largest provider in AP and Telangana, according to the CRISIL report.
(iv) They offer a comprehensive range of healthcare services across over 25 specialties and super specialties, including cardiac sciences, oncology, neurosciences, gastric sciences, orthopaedics, organ transplantation, renal sciences and mother & child care.
History of Krishna Institute Medical of Medical Sciences
(i) The company was started in the year 2000 from Nellore with one hospital and has a capacity of approximately 200 beds. Today, it has grown to a chain of multi-specialty hospitals through organic growth and strategic acquisitions under the leadership of Dr. Bhaskara Rao Bollineni, founder and Managing Director, and Dr. Abhinay Bollineni, Executive Director and CEO.
(ii) Krishna Institute of Medical Sciences has a flagship hospital at Secunderabad which is one of the largest private hospitals in India at a single location (excluding medical colleges), according to the CRISIL Report, with a capacity of 1,000 beds.
(iii) In the last few years, the company has significantly expanded its hospital network in recent years through acquisitions of hospitals in Ongole in Fiscal Year 2017, Vizag and Anantapur in Fiscal Year 2019 and Kurnool in Fiscal Year 2020. Approximately one-third of our 3,064 beds were launched in the last four years.
About Founder of Krishna Institute of Medical Science
Dr. Bhaskara Rao Bollineni is a renowned cardiothoracic surgeon in India. He has over 27 years of experience in cardiothoracic surgery and has worked in several other leading medical institutions in the country. He started KIMS Nellore in the year 2000 with the vision to create a hospital system for his home state of AP that is capable of attracting top medical talent and providing high-quality care at affordable prices. Under his leadership, and that of Dr. Abhinay Bollineni, who joined KIMS in 2014, have expanded Krishan Institute of Medical Sciences into nine cities across AP and Telangana through a combination of greenfield, brownfield and acquisition-led expansion.
Prudent Capex Krishna Institute of Medical Sciences
In Fiscal Year 2020, the capital expenditure per bed was ₹ 63 Lakh for hospitals in Tier 1 cities and ₹ 22 Lakh for hospitals in Tier 2-3 cities, compared to the industry average of ₹ 50-80 Lakh in Tier 1 cities and ₹ 10-50 Lakh in Tier 2-3 cities, according to the CRISIL Report.
(i) The organization is having 20 years of involvement with offering present-day medical services benefits in all noticeable parts of clinical science
(ii) The organization’s lead emergency clinic in Secundrabad is one of the biggest private emergency clinics in India
(iii) It has nine deliberately found medical services habitats to oblige patients from AP, Telangana, and adjoining states
Objects of the Krishna Institute of Medical Sciences Limited IPO:
Krishna Institute of Medical Sciences Limited IPO Details:
|Open Date:||Jun 16 2021|
|Close Date:||Jun 18 2021|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||2143.74 Cr.|
|Lot Size:||18 Shares|
|Issue Price:||₹ 815-825 Per Equity Share|
|Listing Date:||Jun 28 2021|
Promoters And Management:
Financials of Krishna Institute of Medical Sciences Limited IPO:
|Purchase of Stock in Trade||282||257||216||162|
|Changes in Inventories||62||-3||-6||-3|
|Employee Benefit Expenses||220||198||163||121|
|Profit before tax||279||140||-15||-20|
|Total Tax Exp.||73||25||33||25|
|No. of shares||8||8||8||8|
|EPS in Rs.||25.75||14.37||-6||-5.75|
Comparison With Peers:
|Peer||3-year Revenue||3 year PAT||OPM (FY21||ROE (FY21)||D/E||P/E||3 Years Return|