KIMS raises Rs 1,500 crore via QIP at Rs 755 per share
KIMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Smallcap 250 and 0.9 pts less than its Hospital peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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KIMS allotted 1.98 crore equity shares at Rs 755 each via QIP, raising about Rs 1,500 crore. Issue priced at a 2.17% discount to the floor price of Rs 771.73. Marquee allottees include International Finance Corporation (10%), HDFC Life, Kotak Life Insurance, SBI Mutual Fund, ICICI Prudential, Invesco, Polar Capital, and Goldman Sachs. Paid-up equity capital rose to Rs 84 crore from Rs 80 crore.
About 5% dilution from new shares. Strong demand from marquee investors is positive, though small discount to floor price may weigh.