Krishna Institute of Medical Sciences Completes Qualified Institutions Placement, Increases Share Capital
Krishna Institute of Medical Sciences Limited (KIMS) has successfully completed a Qualified Institutions Placement (QIP) of equity shares, significantly increasing its paid-up equity share capital. The placement involved the allotment of 1,98,67,549 Equity Shares to eligible qualified institutional buyers.The Finance and Investment Committee of the Company approved the allotment at an issue price of ₹ 755 per Equity Share. This transaction resulted in a premium of ₹ 753 per Equity Share, which incorporated a discount of ₹ 16.73 (2.17% of the floor price) to the determined floor price. The entire placement aggregated to approximately ₹ 15,000 million.
Following the successful issuance and allotment of these equity shares, the paid-up equity share capital of KIMS increased from ₹ 80,02,77,870, which consisted of 40,01,38,935 Equity Shares, to ₹ 84,00,12,968, comprising a total of 42,00,06,484 Equity Shares.
The QIP was open from June 16, 2026, and concluded on June 19, 2026.
Transaction Details Summary
The following table provides details regarding the completed placement:| Metric | Details |
|---|---|
| Type of Issuance | Qualified Institutions Placement |
| Total Equity Shares Allotted | 1,98,67,549 |
| Issue Price per Share | ₹ 755 |
| Premium per Share | ₹ 753 |
| Gross Aggregation Value | Approximately ₹ 15,000 million |
Key Allottees Exceeding 5%
The placement saw participation from various institutional investors. The following table lists the allottees who were allocated more than five percent of the total equity shares offered in the QIP:| Name of the Allotee | No. of Shares Allotted | Percentage of Total Equity Shares Offered |
|---|---|---|
| INTERNATIONAL FINANCE CORPORATION | 19,86,755 | 10.00% |
| SBI ELSS TAX SAVER FUND | 13,24,503 | 6.67% |
| HDFC LIFE INSURANCE COMPANY LIMITED | 13,24,503 | 6.67% |
| KOTAK FLEXICAP FUND | 10,73,921 | 5.41% |
| POLAR CAPITAL FUNDS PLC - HEALTHCARE OPPORTUNITIES FUND | 13,21,996 | 6.65% |
| ICICI PRUDENTIAL SMALLCAP FUND | 10,26,490 | 5.17% |
| KOTAK MAHINDRA LIFE INSURANCE COMPANY LTD. | 10,26,490 | 5.17% |
| INVESCO INDIA SMALLCAP FUND | 10,26,490 | 5.17% |
KIMS confirmed the successful conclusion of the QIP and proceeded with the recapitalization of its equity share capital.
KIMS Stock Price Movement
Krishna Institute of Medical Sciences Limited (KIMS) shares gained robustly on Friday, climbing 2.15% to settle at ₹804.25 after trading closed. The stock achieved a strong market profile on the day, with volume reaching 761,160 shares as it approached its 52-week high mark.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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