KIMS Hospitals raises Rs.956-Cr from anchor investors


Krishna Institute of Medical Sciences (KIMS Hospitals) has raised INR 955.68 crore from 43 anchor investors, a day ahead of its IPO opening. The company has finalised the allocation of 1,15,84,060 equity shares to anchor investors at INR 825 each. Investors who participated in the anchor book were Nomura Funds' Stock Mother Fund, Segantii India Mauritius, Goldman Sachs, Zaaba Pan Asia Master Fund, Integrated Core Strategies, Moon Capital, Ghisallo Master Fund, and Societe Generale. Domestic investors who invested in the company through the anchor book included HDFC Trustee, Axis Mutual Fund, ICICI Prudential, Nippon Life India, IDFC MF, UTI MF, Mirae MF, and HDFC Life Insurance Company. General Atlantic-backed healthcare group KIMS Hospitals is to raise INR 2,143.74 crore from retail, qualified institutional buyers and non-institutional investors. The price band for the offer has been fixed at INR 815-825 per equity share. The IPO comprises a fresh issue of INR 200 crore and an offer for sale of up to 2,35,60,538 equity shares by General Atlantic Singapore KH Pte Ltd, Bhaskara Rao Bollineni, Rajyasri Bollineni, Bolllineni Ramanaiah Memorial Hospital, and other selling shareholders. The net fresh issue proceeds will be utilised for repayment of certain borrowings (INR 150 crore), and general corporate purposes.

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