Secondary Issues
KIMS Hospital raises Rs.1,500-Cr via QIP
Publicly listed Krishna Institute Of Medical Sciences (KIMS Hospital) has raised Rs.1,500-Cr through a qualified institutional placement (QIP) of 19.86 million fresh shares at a price of Rs.755 apiece. The transaction was managed by IIFL Capital and Jefferies India. The placement includes a 60-day lock-up agreement for both the company and its promoting shareholders.The company operates 26 multi-speciality and super-speciality hospitals under the KIMS Hospitals brand across Telangana, Andhra Pradesh, Maharashtra, Karnataka and Kerala, with an aggregate bed capacity of 8,624.The company plans to use the majority of the proceeds for the repayment or prepayment of outstanding borrowings. Specifically, Rs.910-Cr is earmarked to clear the debt of the listed entity, while Rs.215-Cr will be utilized for debt clearance in its subsidiaries, including Chalasani Hospitals, KIMS Hospitals, and KIMS Hospital Bengaluru. The remaining funds are allocated for general corporate purposes.
For FY26, KIMS Hospital had reported about INR 1,702 Cr in Operating Income and about INR 261 Cr in PAT.
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