Krishna Institute of Medical Sciences (KIMS) shares has made a good debut at the bourses, with the stock listing at Rs 1,009, up 22 per cent against its issue price of Rs 825 per share on the National Stock Exchange (NSE).
In the morning trade, stock was trading at Rs 1,003, after hitting a low of Rs 990 on the NSE and BSE. A combined 4.38 million shares have changed hands on the counter on both the exchanges, so far.
KIMS is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana in terms of the number of patients treated and treatments offered. It operates nine multi-specialty hospitals under the ‘KIMS Hospitals’ brand, with an aggregate bed capacity of 3,064, including over 2,500 operational beds as of March 31, 2021.
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The company has a flagship hospital at Secunderabad, which, according to Crisil, is one of the largest private hospitals in India at a single location with a capacity of 1,000 beds. At the end of FY21, its nine hospitals had recorded average revenue per operating bed of Rs 20,609, and a bed occupancy rate of 78 per cent.
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