Krishna Institute of Medical Sciences Limited Issue subscribed 3.86 times

Krishna Institute of Medical Sciences Limited (KIMS) which had tapped the capital markets with its fresh issue for Rs 200 crs and an offer for sale of 2,35,60,538 shares in a price band of Rs 815-825, was subscribed 3.86 times. The issue had opened on Wednesday the 16th of June and closed on Friday the 18th of June.

Earlier the company had allotted 1,15,84,060 equity shares at Rs 825 to 30 anchor investors comprising of 43 entities. A similar allotment of 9,65,466 equity shares or 8.33% was made to 3 anchor investors comprising of Nomura, HDFC and Axis Mutual Fund. The top three anchor investors have been allotted 25% of the anchor portion.

The QIB portion was subscribed 5.35 times, HNI portion was subscribed 1.89 times, Retail portion was subscribed 2.90 times and Employee portion was subscribed 1.06 times. There were 3.19 lac applications and on the basis of lots the retail portion was subscribed 2.23 times.

Full details of the subscription category wise are given below: –

KIMS Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 7722708 40654386 5.26
HNI 3861353 7279668 1.89
Retail

2574235 7454646 2.90
Employee 254777 271062 1.06
Total

14413073 55659762 3.86
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