KIMS zooms 61% over IPO price as investors lap up shares post listing

Institutional investors purchased an additional 1.24 million equity shares or 1.55 per cent stake of the company via open market post its listing

Shares of Krishna Institute of Medical Sciences (KIMS) rose for the fourth straight day, up 6 per cent at Rs 1,325 on the BSE in intra-day trade on Thursday. The stock was trading at its highest level since its listing on July 5, 2021.

With a 40 per cent rally thus far in July, KIMS stock has zoomed 61 per cent from its issue price of Rs 825 as institutional investors lapped up the company’s shares post listing. KIMS is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana in terms of the number of patients treated and