Announced Tue, 23 Jun · 14:01 IST
Listing approval for 1.98 crore QIP shares of Rs 2 each
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KIMS · price
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Price reaction · full curve 14 horizons · vs prior close
-1.6%1-day move
₹807.85
prior close
₹803.75
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.1+0.3+0.3-1.6-1.7-0.2+1.3+3.1+5.2+0.0-3.0——
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AI summary
Krishna Institute of Medical Sciences received approval for listing of 1,98,67,549 equity shares of Rs 2 face value issued to qualified institutional buyers through a Qualified Institutional Placement. The QIP route allows listed companies to raise capital from institutions without a follow-on public offer. These new shares will now be tradable on the stock exchanges, expanding the total share count.
Likely market impact
New shares add to the float, leading to dilution of existing holdings. Short-term supply pressure possible, though QIP indicates institutional confidence in the company.