KIMS Hospitals aced value pricing. New growth will hinge on navigating pandemic and expansion costs.

Thanks to the bull run in stock markets, 2021 has been an action-packed year for initial public offerings (IPOs). Last week, the INR2,144 crore IPO of Krishna Institute of Medical Sciences (KIMS Hospitals) was subscribed 3.9 times. The IPO of the Hyderabad-based company has come at a time when healthcare is in the forefront due to the Covid-19 pandemic and hospital stocks have surged in the last one year. Investors’ interest in pharmaceutical