KIMS shares 21% higher in debut trade

Mumbai: Shares of Krishna Institute of Medical Sciences Ltd (KIMS) closed with a premium of nearly 21 per cent on the bourses on Monday against its issue price of Rs 825.

The stock debuted at Rs 1,008.90, registering a gain of 22.29 per cent from the issue price on the BSE. It then jumped 28.23 per cent to Rs 1,057.95 during the day. The stock closed the trade at Rs 995.90, a gain of 20.71 per cent.

On the NSE, it listed at Rs 1,009, up 22.30 per cent, and closed at Rs 987.50, rallying 19.69 per cent. Its market valuation was at Rs 7,969.97 crore on the BSE. On traded volume terms, 6.20 lakh shares were traded at the BSE and more than 1.33 crore units on the NSE during the day.