{"id":2853,"date":"2021-06-15T16:13:16","date_gmt":"2021-06-15T10:43:16","guid":{"rendered":"https:\/\/blog.tickertape.in\/?p=2853"},"modified":"2021-06-15T16:54:29","modified_gmt":"2021-06-15T11:24:29","slug":"kims-hospitals-ipo","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/","title":{"rendered":"Will the market bull-run be a tailwind for KIMS Hospitals IPO?"},"content":{"rendered":"\n<p>After <a href=\"https:\/\/www.tickertape.in\/blog\/shyam-metalics-ipo\/?ref=blog\">Shyam Metalics IPO<\/a> opened on Mon this week, joining the ranks of <a rel=\"noreferrer noopener\" aria-label=\"Fortis (opens in a new tab)\" href=\"https:\/\/www.tickertape.in\/stocks\/fortis-healthcare-FOHE?ref=blog\" target=\"_blank\">Fortis<\/a> and <a rel=\"noreferrer noopener\" aria-label=\"Apollo Hospitals (opens in a new tab)\" href=\"https:\/\/www.tickertape.in\/stocks\/apollo-hospitals-enterprise-APLH?ref=blog\" target=\"_blank\">Apollo Hospitals<\/a> is Hyderabad-based Krishna Institute of Medical Sciences (KIMS). The company is set to make a debut in the market with its <a href=\"https:\/\/www.tickertape.in\/blog\/all-you-need-to-know-about-ipos\/?ref=blog\">initial public offering<\/a> (<a href=\"https:\/\/www.tickertape.in\/blog\/ipo-investment\/\">IPO<\/a>) on 16th Jun 2021 along with <a href=\"https:\/\/www.tickertape.in\/blog\/dodla-dairy-ltd-ipo\/?ref=blog\">Dodla Dairy<\/a>.<\/p>\n\n\n\n<p>Private hospitals have been at the war-front in the battle against the coronavirus and they continue to play a vital role in the immunisation drive in the country. KIMS is hoping this newly-gained special importance will attract investors to its shores while also banking on the bull run the <a href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-shares\/\">stock market<\/a> is witnessing to fan their growth. Here\u2019s all there is to know about the KIMS Hospitals upcoming IPO!<\/p>\n\n\n\n<p><strong>This article covers<\/strong>:<\/p>\n\n\n\n<ul><li><a href=\"#about\">About Krishna Institute of Medical Sciences Ltd<\/a><\/li><li><a href=\"#highlights\">Highlights of KIMS Hospitals<\/a><\/li><li><a href=\"#services\">Services provided by KIMS<\/a><\/li><li><a href=\"#subsidiaries\">Subsidiaries of KIMS Hospitals<\/a><\/li><li><a href=\"#notable\">Notable investors of the company<\/a><\/li><li><a href=\"#KIMS\">About KIMS Hospitals IPO<\/a><\/li><li><a href=\"#promoters\">Promoters and investors exiting their share<\/a><\/li><li><a href=\"#reservation\">Reservation of the IPO for various investor categories<\/a><\/li><li><a href=\"#book\">Book running lead managers and registrar of the IPO<\/a><\/li><li><a href=\"#financials\">Financials of KIMS Hospitals<\/a><\/li><li><a href=\"#peer\">Peer comparison<\/a><\/li><li><a href=\"#strengths\">Strengths of the company<\/a><\/li><li><a href=\"#risks\">Risks of the company<\/a><\/li><\/ul>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#About-Krishna-Institute-of-Medical-Sciences-Ltd\" title=\"About Krishna Institute of Medical Sciences Ltd\">About Krishna Institute of Medical Sciences Ltd<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#Highlights-of-KIMS-Hospitals\" title=\"Highlights of KIMS Hospitals\">Highlights of KIMS Hospitals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#Services-provided-by-KIMS\" title=\"Services provided by KIMS\">Services provided by KIMS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#Subsidiaries-of-KIMS-Hospitals\" title=\"Subsidiaries of KIMS Hospitals\">Subsidiaries of KIMS Hospitals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#Notable-investors-of-the-company\" title=\"Notable investors of the company\">Notable investors of the company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#About-KIMS-Hospitals-IPO\" title=\"About KIMS Hospitals IPO\">About KIMS Hospitals IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#Promoters-and-investors-exiting-their-share\" title=\"Promoters and investors exiting their share\">Promoters and investors exiting their share<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#Reservation-of-the-IPO-for-various-investor-categories\" title=\"Reservation of the IPO for various investor categories\">Reservation of the IPO for various investor categories<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#Utilisation-of-the-IPO-proceeds\" title=\"Utilisation of the IPO proceeds\">Utilisation of the IPO proceeds<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#Book-running-lead-managers-and-registrar-of-the-IPO\" title=\"Book running lead managers and registrar of the IPO\">Book running lead managers and registrar of the IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#Financials-of-the-company\" title=\"Financials of the company\">Financials of the company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#Peer-comparison\" title=\"Peer comparison\">Peer comparison<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#Competitive-peers\" title=\"Competitive peers\">Competitive peers<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#Strengths-of-the-company\" title=\"Strengths of the company\">Strengths of the company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.tickertape.in\/blog\/kims-hospitals-ipo\/#Risks-of-the-company\" title=\"Risks of the company\">Risks of the company<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"about\"><span class=\"ez-toc-section\" id=\"About-Krishna-Institute-of-Medical-Sciences-Ltd\"><\/span><strong>About Krishna Institute of Medical Sciences Ltd<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Incorporated in the year 1973, KIMS is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana in terms of patients treated and treatments offered. The Hyderabad-based hospital chain offers multidisciplinary healthcare services with primary, secondary, and tertiary care across 2-3 tier cities, and an additional quaternary healthcare facility in tier-1 cities. The company currently operates 9 hospitals across Andhra Pradesh and Telangana with an aggregative bed capacity of 3,000+ as of 31st Mar 2021.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"highlights\"><span class=\"ez-toc-section\" id=\"Highlights-of-KIMS-Hospitals\"><\/span><strong>Highlights of KIMS Hospitals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>KIMS has grown from a single hospital to a chain of 9 multi-speciality hospitals within 2 decades through organic growth and strategic acquisitions. Here are some highlights of the hospital.<\/p>\n\n\n\n<ul><li>Their aggressive network expansion is relatively new. KIMS acquired hospitals in Ongole in FY 2017-2018, Vizag and Anantapur in FY 2018-2019 and Kurnool in FY 2019-2020<\/li><li>According to a CRISIL report, KIMS operates one of the largest private sector hospitals in one location in India &#8211; at Secunderabad &#8211; with a capacity of 1,000 operational beds<\/li><li>KIMS achieved a pre-COVID bed occupancy rate of 80.43% as of 2020<\/li><li>They have a strong strategic hold in the healthcare segment in South India wherein they understand the regional customer, the culture, mindset, and nuances<\/li><li>KIMS is one of the premier hospitals for the organ transplant in South India and is also one of the first in the country to <a href=\"https:\/\/www.tickertape.in\/blog\/why-should-you-prioritise-investing\/\">invest<\/a> in Robotic Sciences<\/li><li>They have been one of the front-runners for COVID treatment in Andhra Pradesh and Telangana<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"services\"><span class=\"ez-toc-section\" id=\"Services-provided-by-KIMS\"><\/span><strong>Services provided by KIMS<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>KIMS provides a comprehensive range of healthcare services across 25+ specialties and super specialties, including:<\/p>\n\n\n\n<ul><li>Cardiac sciences<\/li><li>Neurosciences<\/li><li>Gastric sciences<\/li><li>Oncology<\/li><li>Orthopaedics<\/li><li>Organ transplant<\/li><li>Renal sciences<\/li><li>Mother and child care<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"subsidiaries\"><span class=\"ez-toc-section\" id=\"Subsidiaries-of-KIMS-Hospitals\"><\/span><strong>Subsidiaries of KIMS Hospitals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Arunodaya Hospitals Private Limited (\u201cAHPL\u201d)<\/li><li>KIMS Hospital Enterprises Private Limited (\u201cKHEPL\u201d)<\/li><li>Iconkrishi Institute of Medical Sciences Private Limited (\u201cICIMSPL\u201d)<\/li><li>Saveera Institute of Medical Science Private Limited (\u201cSIMSPL\u201d)<\/li><li>KIMS Hospital Kurnool Private Limited (\u201cKHKPL\u201d)<\/li><li>KIMS Hospitals Private Limited (\u201cKHPL\u201d)<\/li><li>KIMS Swastha Private Limited (\u201cKSPL\u201d)<\/li><li>KIMS Cuddles Private Limited (\u201cKCPL\u201d)<\/li><li>KIMS Hospital (Bhubaneswar) Private Limited (\u201cKHBPL\u201d)<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"notable\"><span class=\"ez-toc-section\" id=\"Notable-investors-of-the-company\"><\/span><strong>Notable investors of the company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>General Atlantic Singapore KH Pte Ltd.<\/li><li>Dr. Bhaskara Rao Bollineni<\/li><li>Rajyasri Bollineni<\/li><li>Bollineni Ramanaiah Memorial Hospitals Private Ltd.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"KIMS\"><span class=\"ez-toc-section\" id=\"About-KIMS-Hospitals-IPO\"><\/span><strong>About KIMS Hospitals IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>KIMS is issuing an <a href=\"https:\/\/www.tickertape.in\/blog\/ipo-process\/?ref=blog\">initial public offering<\/a> (IPO) to raise Rs 2,144 cr. Here are the details of the IPO:<\/p>\n\n\n\n<ul><li>The IPO opens for subscription on 16th Jun 2021 and closes on 18th Jun 2021<\/li><li>The price band of the issue is Rs 815-825 per share<\/li><li>The minimum lot comprises 18 shares. Retail investors can bid for either one lot or its multiples thereafter. The maximum number of lots you can apply for is 13<\/li><li>The IPO includes a fresh issue of Rs 200 cr and an <a href=\"https:\/\/www.tickertape.in\/blog\/offer-for-sale\/\">Offer For Sale<\/a> (OFS) of up to 2.35 cr <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-equity\/\">equity<\/a> shares by the promoters and existing <a href=\"https:\/\/www.tickertape.in\/blog\/shareholders\/\">shareholders<\/a>. This includes roughly 1.6 cr shares by the biggest investor in the company &#8211; General Atlantic Singapore KH Pte.<\/li><li>The issue may be listed on <a href=\"https:\/\/www.tickertape.in\/stocks\/bse-BSEL?ref=blog\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"BSE (opens in a new tab)\">BSE<\/a> and <a href=\"https:\/\/www.tickertape.in\/blog\/national-stock-exchange\/\">NSE<\/a> on 28th Jun 2021<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"promoters\"><span class=\"ez-toc-section\" id=\"Promoters-and-investors-exiting-their-share\"><\/span><strong>Promoters and investors exiting their share<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The promoters of the company are:<\/p>\n\n\n\n<ol><li>Dr. Bhaskara Rao Bollineni<\/li><li>Dr. Abhinay Bollineni<\/li><li>Rajyashri Bollineni<\/li><li>Bollineini Ramanaiah Memorial Hospitals Private Limited<\/li><li>Adwik Bollineni<\/li><\/ol>\n\n\n\n<p>Through the OFS, Dr Bhaskara Rao Bollineni, Rajyasri Bollineni, Bollineni Ramanaiah Memorial Hospital Private Limited and other existing shareholders will be exiting a part of their position in the company.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"reservation\"><span class=\"ez-toc-section\" id=\"Reservation-of-the-IPO-for-various-investor-categories\"><\/span><strong>Reservation of the IPO for various investor categories<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>75% of the offer is reserved for Qualified Institutional Buyers (QIBs), 15% is reserved for Non-Institutional Buyers (NIBs) and 10% is reserved for retail investors.<\/p>\n\n\n\n<p>The offer also includes a reservation of up to Rs 20 cr worth of <a href=\"https:\/\/www.tickertape.in\/blog\/types-of-shares\/?ref=blog\">equity shares<\/a> for the employees. An additional discount of Rs 40 will be provided to employees who bid in the reserved portion.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Utilisation-of-the-IPO-proceeds\"><\/span><strong>Utilisation of the IPO proceeds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The company plans on using the proceeds from the Rs 200 cr fresh issue as follows:<\/p>\n\n\n\n<ul><li>To repay its existing borrowings, which amounts to roughly Rs 150 cr<\/li><li>Use the remaining Rs 50 cr towards general corporate purposes including capital expenditure and partnerships, among other expenses<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"book\"><span class=\"ez-toc-section\" id=\"Book-running-lead-managers-and-registrar-of-the-IPO\"><\/span><strong>Book running lead managers and registrar of the IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Kotak Mahindra Capital Company, Credit Suisse, IIFL Securities, and Axis Capital have been appointed as book runners to manage the public issue. Link Intime India Private Ltd. has been appointed as the registrar to the KIMS\u2019 <a href=\"https:\/\/www.tickertape.in\/blog\/all-you-need-to-know-about-ipos\/?ref=blog\">IPO<\/a> issue.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"financials\"><span class=\"ez-toc-section\" id=\"Financials-of-the-company\"><\/span><strong>Financials of the company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>KIMS has recorded steady growth in revenues as well as profitability in the past few years. Here are some details:<\/p>\n\n\n\n<ul><li>The company observed an increase in the profits from Rs 115 cr in FY 2019-2020 to Rs 205 cr in FY 2020-2021<\/li><li>Revenue jumped from Rs 1,129 cr in FY 2019-2020 to Rs 1,340 cr in FY 2000-2021, roughly a 19% y-o-y increase<\/li><\/ul>\n\n\n\n<p>In FY 2020-2021, 18% of KIM&#8217;s revenue came from cardiac sciences, 13% from neurosciences, 9% from renal sciences, and 5% from orthopaedics. <\/p>\n\n\n\n<p>Here\u2019s a quick summary of the company financials:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/06\/KIMS-table2-1024x468.png\" alt=\"\" class=\"wp-image-2855\" width=\"619\" height=\"283\" srcset=\"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/06\/KIMS-table2-1024x468.png 1024w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/06\/KIMS-table2-300x137.png 300w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/06\/KIMS-table2-768x351.png 768w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/06\/KIMS-table2.png 1045w\" sizes=\"(max-width: 619px) 100vw, 619px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"peer\"><span class=\"ez-toc-section\" id=\"Peer-comparison\"><\/span><strong>Peer comparison<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>KIMS competes with the likes of <a href=\"https:\/\/www.tickertape.in\/stocks\/narayana-hrudayalaya-NARY?ref=blog\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Narayana Hrudayalaya (opens in a new tab)\">Narayana Hrudayalaya<\/a>, <a href=\"https:\/\/www.tickertape.in\/stocks\/apollo-hospitals-enterprise-APLH?ref=blog\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Apollo Hospitals (opens in a new tab)\">Apollo Hospitals<\/a>, Manipal Hospitals, and <a href=\"https:\/\/www.tickertape.in\/stocks\/healthcare-global-enterprises-HEAC?ref=blog\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Healthcare Global (opens in a new tab)\">Healthcare Global<\/a>. According to an Axis Capital report, the 3-yr compounded annual growth rate (<a href=\"https:\/\/www.tickertape.in\/blog\/compound-annual-growth-rate\/\">CAGR<\/a>) of KIMS is the best amongst major hospital players. Here\u2019s a chart depicting the same.<\/p>\n\n\n\n<iframe loading=\"lazy\" width=\"600\" height=\"400\" src=\"https:\/\/live.amcharts.com\/TY2Nm\/embed\/\" frameborder=\"0\"><\/iframe>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Competitive-peers\"><\/span><strong>Competitive peers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/06\/KIMS-table-1-1-1024x473.png\" alt=\"\" class=\"wp-image-2857\" width=\"714\" height=\"329\" srcset=\"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/06\/KIMS-table-1-1-1024x473.png 1024w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/06\/KIMS-table-1-1-300x139.png 300w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/06\/KIMS-table-1-1-768x355.png 768w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/06\/KIMS-table-1-1-1536x710.png 1536w\" sizes=\"(max-width: 714px) 100vw, 714px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"strengths\"><span class=\"ez-toc-section\" id=\"Strengths-of-the-company\"><\/span><strong>Strengths of the company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>KIMS is one of the largest private sector healthcare groups in southern India with 3,064 beds, which is almost twice as many beds when compared to the 2nd largest healthcare provider in the same region<\/li><li>The company has shown exemplary growth from a single 200-bed hospital to a multidisciplinary super-speciality hospital chain with over 3,000 beds spread across 9 network hospitals<\/li><li>KIMS has expanded its business by successfully completing 4 significant acquisitions from FY 2017-2018 to FY 2019-2020 including KIMS Ongole, KIMS Anantapur, KIMS Kurnool, and KIMS Vizag, which further strengthens its hold on the healthcare sector in South India<\/li><li>They are the market leader in Andhra Pradesh and Telangana for providing affordable and quality healthcare services<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"risks\"><span class=\"ez-toc-section\" id=\"Risks-of-the-company\"><\/span><strong>Risks of the company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>There is an extremely high level of dependency on healthcare professionals with the top 10 doctors contributing roughly 22% of the total receipts for the hospital chain<\/li><li>A major chunk of revenue comes from the company\u2019s operations in Hyderabad<\/li><li>According to the company, despite revenue and profit increase, the hospital experienced a degrowth of 3.96% in their outpatient volume&nbsp;due to COVID-related lockdowns, <a href=\"https:\/\/www.tickertape.in\/blog\/effective-money-saving-travel-hacks\/\">travel<\/a> restrictions, and quarantine procedures<\/li><\/ul>\n\n\n\n<p>As always, we advise you to do your own research before applying for this <a href=\"https:\/\/www.tickertape.in\/blog\/ipo-process\/?ref=blog\">IPO<\/a>. Read up about the company and its operations extensively before applying!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KIMS Hospitals, a super specialty healthcare service provider is going public. Here&#8217;s everything you need to know about KIMS Hospitals IPO<\/p>\n","protected":false},"author":46,"featured_media":2868,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[9,1727],"tags":[208,316,318],"acf":[],"modified_by":"Manonmayi","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/06\/KIMS-IPO.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/2853"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=2853"}],"version-history":[{"count":7,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/2853\/revisions"}],"predecessor-version":[{"id":2882,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/2853\/revisions\/2882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/2868"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=2853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=2853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=2853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}