Kerala Institute of Medical Science (KIMS), a leading multi-specialty hospital chain operator in Kerala and West Asia, is planning an initial public offering (IPO) by next year.
“We have plans to list the company and (have) started discussions with bankers regarding the same,” said Dr. MI Sahadulla, chairman, KIMS, without disclosing further details. 
Sahadulla and friends own a majority stake in the Rs 1,300-crore KIMS, while private equity investor True North owns a significant minority stake. True North is expected to sell 15-20 percent in the IPO, while promoters will dilute a part of their stakes.
At present, KIMS operates under two holding companies in India and the GCC. 
KIMS, founded by Sahadulla in 2002, has 1,800 beds across India, mainly in the south, and the Gulf Cooperation Council (GCC) region, across 10 hospitals and 8 medical centers.
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