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KIMS Files Draft Red Herring Prospectus with SEBI to Raise Funds through IPO

KIMS Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India to raise funds through an initial public offering. The offer comprises a fresh issue of up to Rs 200 crore and an offer for sale of up to 21.34 million shares by its promoters and investors. As of December 2020, its short-term borrowings and long-term borrowings amounted to Rs261.83 crore on a consolidated basis.

Source: Live Mint

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