QIP utilisation: NIL deviation or variation for quarter ended 30 September 2026
NIL deviation or variation in the use of Qualified Institutional Placement (QIP) proceeds for the quarter ended 30 September 2026.
By ScoutQuest · · 2 min read
- QIP amount raised
- Rs. 1500 Cr raised on 19 June 2026
- Total utilised
- Rs. 1,332.00 crore utilised so far
- Deviation or variation
- NIL deviation or variation in the use of QIP proceeds
What the update says
Krishna Institute of Medical Sciences has shared its quarterly statement on how the money raised through its Qualified Institutional Placement (QIP) has been used. For the quarter ended 30 September 2026, the company reported NIL deviation or variation — the funds went to the purposes set out in its Placement Document dated 19 June 2026.
The funds
- Amount raised: Rs. 1500 Cr on 19 June 2026
- Mode of raising: Qualified Institutional Placement (QIP)
- Monitoring agency: CARE Ratings Limited
- Deviation or variation in use of funds: No
Where the money was earmarked (Rs. crore)
- Repayment and/or prepayment of certain outstanding borrowings availed by KIMS: 910.00 allocated, 910.00 utilised
- Investment into subsidiaries — Chalasani Hospitals Pvt Ltd, KIMS Hospitals Pvt Ltd and KIMS Hospital Bengaluru Pvt Ltd — for repayment or prepayment of their borrowings: 215.00 allocated, 215.00 utilised
- General Corporate Purposes: 351.45 allocated, 186.81 utilised
- Issue Expenses: 23.55 allocated, 20.19 utilised
- Total: 1,500.00 allocated, 1,332.00 utilised
What stands out
- The two debt-related objects are fully spent. The borrowing repayment at the KIMS level is fully used at 910.00 crore, and the subsidiary-level debt repayment is fully used at 215.00 crore.
- The General Corporate Purposes bucket and issue expenses are partly used, at 186.81 crore of 351.45 crore and 20.19 crore of 23.55 crore respectively.
- Across all four objects, the total utilised is 1,332.00 crore of the 1,500.00 crore raised.
Audit Committee view
The Audit Committee met on 4 November 2026 and noted that there is NIL deviation or variation in the utilisation of the funds from the objects stated in the offer document. The auditors' comments are shown as None.
How to read this
A deviation statement tells investors whether money raised for stated purposes was diverted elsewhere. Here the company reports no diversion for the quarter, and the largest object — repayment of KIMS borrowings — is fully used. Amounts not yet spent under the remaining heads are reflected as unutilised, while the reported deviation for every object is Nil. The statement is a periodic disclosure; it does not by itself change anything about how the funds were raised or their stated purpose.
Also from Krishna Institute of Medical Sciences
Nil deviation in use of warrant proceeds for quarter ended 30 September 2026
4 Nov 2026
Monitoring Agency Report: Rs. 150 crore warrant money received, nil utilised in Q2
4 Nov 2026
QIP monitoring report: ₹1,500 crore raised, ₹1,332 crore utilised, nil deviation from objects
4 Nov 2026
More numbers
- Amount raised through QIPRs. 1500 Cr
- Repayment/prepayment of KIMS borrowings, allocated and utilised (Rs. Crore)910.00
- Investment into subsidiaries, allocated and utilised (Rs. Crore)215.00
- General Corporate Purposes, original allocation (Rs. Crore)351.45
- General Corporate Purposes, funds utilised (Rs. Crore)186.81
- Issue Expenses, original allocation (Rs. Crore)23.55
- Issue Expenses, funds utilised (Rs. Crore)20.19
- Total funds utilised (Rs. Crore)1,332.00
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