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, listed and gained 20.72%.
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. Overall, the issue was subscribed 3.86 times. The issue had opened on Wednesday the 16th of June and closed on Friday the 18th of June.
The discovered price on BSE was Rs 1,008.90 at which price, 31,326 shares were traded. On NSE the discovered price was Rs 1,009 at which price, 18,65,788 shares were traded.
The high on BSE was Rs 1,057.95, low was Rs 950 and the close was Rs 995.90. The gain was Rs 170.90 or 20.72%. On NSE, the high was Rs 1,059, low was Rs 950 and the close was Rs 996.95, a gain of Rs 171.95 or 20.84%
| Exchange | Open | High | Low | Close | Net Change | % Gain/ Loss | Wt.Avg | Volume | Delivery | Del %age |
| BSE | 1008.90 | 1057.95 | 950.00 | 995.90 | 170.90 | 20.72 | 994.56 | 619698 | 238274 | 38.45 |
| NSE | 1009.00 | 1059.00 | 950.00 | 996.95 | 171.95 | 20.84 | 995.80 | 13385295 | 6748305 | 50.42 |
| Total | 14004993 | 6986579 | 49.89 |
The combined traded volume was 140.05 lac shares which was 0.54 times the IPO size of 259.97 lac shares. It was 0.97 times the non-anchor portion size of 144.13 lac shares. Delivery volume was 69.86 lac shares which was 49.89% of the traded volume. It was 26.87% of the IPO size and 48.47% of the non-anchor portion. The weighted average of the day’s trade was Rs 994.56 on BSE and Rs 995.80 on NSE.
In terms of institutional trades there were two reported on the NSE with one buy and one sell trade. There was also an HNI sell trade reported on NSE as well. These were, buy trade of Nomura India who bought 12.89 lac shares at Rs 992.30. Sell trade by Société General who sold 4.42 lac shares at Rs 981.41. The HNI sell trade was by Ashish Kacholia who sold 4.23 lac shares at Rs 959.59. Overall, while 12.89 lac shares were bought, 8.65 lac shares were sold.
KIMS has done well for itself on listing day and it needs to be seen how it fares going forward.
