Krishna Institute of Medical Sciences IPO
Krishna Institute of Medical Sciences Limited (KIMS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 28 June 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -1.4% (likely range -17% to +3%), day's high +2.1%, chance of a gain 49%. Actual: +22.3% at the open, +28.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 77,22,708 | 4,06,54,386 | 5.26x | |
| NII (HNI) total | 38,61,353 | 72,79,668 | 1.89x | |
| Retail | 25,74,235 | 74,49,948 | 2.89x | |
| Employees | 2,54,777 | 2,71,044 | 1.06x | |
| Total | 1,44,13,073 | 5,56,55,046 | 3.86x |
Bids on NSE and BSE together, as published by NSE, as of 18 Jun 2021, 04:50 PM. Shares offered exclude the anchor portion. 11% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Krishna Institute of Medical Sciences's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Craftsman AutomationMar 2021 | 5.21x | 2.84x | 3.43x | 3.81x | ₹824 Cr | -8.8% | 0.0% |
| UTI Asset Management CompanyOct 2020 | 3.34x | 0.93x | 2.32x | 2.31x | ₹2,160 Cr | -9.8% | -4.3% |
| Eris LifesciencesJun 2017 | 4.68x | 0.45x | 3.51x | 3.29x | ₹1,741 Cr | +1.3% | +4.2% |
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| Indian Energy ExchangeOct 2017 | 2.56x | 0.85x | 2.61x | 2.28x | ₹1,426 Cr | -9.1% | +0.6% |
| Varroc EngineeringJun 2018 | 9.16x | 2.45x | 0.95x | 3.59x | ₹1,955 Cr | +5.0% | +9.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Axis Capital | 107 | +20.4% | 73% |
| Credit Suisse Securities (India) | 11 | +15.6% | 82% |
| IIFL Securities | 94 | +19.3% | 71% |
Offer documents (NSE)
Frequently asked
What is the Krishna Institute of Medical Sciences IPO price band and lot size? ₹815–825 per share, with a lot of 18 shares, so the smallest retail bid is ₹14,850.
How many times has it been subscribed? 3.86x overall: QIB 5.26x, NII 1.89x, retail 2.89x, employees 1.06x.
How did it list? It opened at ₹1,009, +22.3% against the issue price of ₹825, and closed its first day +20.8%.
