The price band of the offer has been fixed at Rs 815 to Rs 825 per equity share
Krishna Institute of Medical Sciences Limited will open the bid/offer period in relation to its initial public offering of equity shares on 16th June, 2021. The price band of the offer has been fixed at Rs 815 to Rs 825 per equity share, and it will close on 18th June, 2021, according to a statement.
The Initial Public Offer (IPO) comprises a fresh issue aggregating up to Rs 2,000 million and an offer for sale of up to 23,560,538 equity shares, up to 16,003,615 equity shares by General Atlantic Singapore KH Pte. Ltd; up to 387,966 equity shares by Dr Bhaskara Rao Bollineni; up to 775,933 equity shares by Rajyasri Bollineni; up to 387,966 equity shares by Bolllineni Ramanaiah Memorial Hospital Private Limited; up to 6,005,058 equity shares by persons referred to in Annexure A to the red herring prospectus dated 09th June, 2021.
The offer includes a reservation aggregating up to Rs 200 million for subscription by eligible employees of the company (the employee reservation portion). Further, the offer includes an employee discount of up to Rs 40 on the offer price for eligible employees bidding in the employee reservation portion.
Bids can be made for a minimum of 18 equity shares and in multiples of 18 equity shares thereafter.
All potential bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective ASBA accounts, and UPI ID in case of RIBs using the UPI mechanism, if applicable, in which the corresponding bid amounts will be blocked by the SCSBs or by the Sponsor Bank under the UPI mechanism, as the case may be, to the extent of respective bid amounts.
Anchor Investors are not permitted to participate in the offer through the ASBA process.
Kotak Mahindra Capital Company Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited and IIFL Securities Limited are the book running lead managers to the offer.
The offer less the employee reservation portion is referred to as the ‘net offer.’