KIMS Hospitals, one of the largest healthcare groups in Andhra Pradesh and Telangana, has floated an Initial public offer (IPO) in the capital market. The IPO had seen a subscription of 61 percent by the morning of June 18, Friday, the last day of bidding.

The offer has received bids for 87.9 lakh shares against the IPO size of 1.44 crore shares, the subscription data on exchanges showed. The company is selling in a price band of Rs 815-825 a share. The part allocated for retail investors has been subscribed 2.17 times and employees have put in bids for 69 percent of their reserved portion.

KIMS Hospitals is looking to raise Rs 2,143.74 crore through the issue that comprises a fresh issue of Rs 200 crore and an offer for sale of Rs 1,943.74 crore by shareholders, including General Atlantic Singapore KH Pte Ltd. The reserved portion of qualified institutional buyers has been subscribed 32 percent and that of non-institutional investors 14 percent.

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