Cloudnine IPO

Kids Clinic India Limited named their brand Cloudnine with the goal of becoming a favourite choice for mothers who want to enjoy the delights of parenthood. Cloudnine IPO will hit the stock market in July 2022.

About Kids Clinic India

According to the largest revenue and the biggest number of hospitals throughout the metropolitan areas as of Fiscal 2021 among the super-specialty mother and baby care hospitals at 23 centres, they are the top brand in the super-specialty mother and baby-care space.

In Fiscal 2020, the commercial maternity healthcare market was worth 208 billion dollars, and by Fiscal 2026, it is expected to be worth 261 billion dollars.

They provide expectant moms with high-quality medical care, cutting-edge facility infrastructure, and a personalised maternity journey that meets the majority of their demands.

They assisted with 13,532, 15,975, 16,801 and 9,155 deliveries, and offered 6,238, 6,166, 5,994 and 3,782 fertility services, correspondingly, as of Fiscal 2019, 2020, 2021, and September 30, 2021.

Aims & Objectives

The birth of a child is a joy of some one life’s best gifts, and the prenatal journey is a magical one for mothers.

They are able to devote their resource utilisation, governance and teamwork, doctor and staff training, facilities and atmosphere to offer committed care for their clients and an interesting workplace for doctors in specialisations related to their services.

They aspire to give their clients with world-class medical competence, advanced facilities, and employees committed to the overall well-being of mother and baby for a pregnant journey full of love and happiness, as they were founded with this vision.

The Cloudnine experience is unlike most other healthcare contacts, which are typically one-time or transactional.

Experience

They concentrate on digitalization and technology to improve the quality of their therapeutic services while also focusing on a large wallet share and maintaining client connections.

They are constantly working to improve the efficiency of their operations, standardise clinical processes for easy execution, and expand their services outside their physical centres and existing markets to larger demand pools.

Parenthood is an incredible journey for them, from conception to pregnancy and birth to active child management and raising.

their group of expert doctors and lactation consultants handle the parenthood journey via a deep bond created by their group of expert doctors, Lamaze specialists, and lactation consultants, all managed by a committed client relationship executive designated to the client.

Cloudnine IPO

Kids Clinic India Limited, headquartered in Chennai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 300 Crore & 13,293,514 equity shares on 10 February 2022.

The offer includes a fresh issue of 300 Crore and there is offer for sale (OFS) of 13,293,514 equity shares by the promoters mentioned in the DRHP. They are looking for a Pre-IPO placement of 60 crore in this issue.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	783.28	708.24	615.72	623.78
Total Revenue	375.62	566.56	525.99	428.37
Profit After Tax	(9.86)	(34.71)	(29.62)	(65.47)

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2021	(8.30)	(8.30)	3
Financial Year 2020	(7.05)	(7.05)	2
Financial Year 2019	(15.67)	(15.67)	1
Weighted Average	(9.11)	(9.11)
30 Sep. 2021	(2.38)	(2.38)

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

The following are among the qualitative elements that go into determining the Offer Price:

1. In a rapidly rising sector, a leading professional mother and baby care company.
2. The perinatal journey is approached in a unique, comprehensive, and customer-centric way.
3. To provide great healthcare, clinical excellence and innovative medical technologies are used.
4. Clients, doctors, and staff benefit from an integrated digital environment and proprietary technological stack.
5. Ability to recruit, train, and retain top-notch physicians and employees.
6. For expansion, a scalable model and a disciplined strategy are required.
7. Financial performance that is more stable and predictable.
8. Management team has a lot of expertise and marquee investors.

Kids Clinic India Peer Comparison

S. No.	Face Value	Company Name	PE
1	5	Apollo hospitals enterprise limited	415.02
2	10	Fortis healthcare limited	N/A
3	10	Narayana hrudayalaya limited	N/A
4	10	Max healthcare institute limited	N/A
5	10	Krishna institute of medical sciences limited	51.00

Cloudnine IPO Details

IPO Opening Date	July 2022
IPO Closing Date	July 2022
Issue Type	Book Building
Face Value	5 per share
IPO Price	0 to 0 per equity share
Market Lot	–
Min Amount	–
Listing At	BSE, NSE
Issue Size	– Equity Shares
Fresh Issue	300 Crore
Offer for Sale	13,293,514 Equity Shares

Cloudnine IPO Date

Kids Clinic India IPO opening date is July 2022, and the closing date is July 2022. The Kids Clinic India issue may list in July 2022.

IPO Opening Date	July 2022
IPO Closing Date	July 2022
Basis of Allotment Date	July 2022
Initiation of Refunds	July 2022
Credit of Shares to Demat Account	July 2022
IPO Listing Date	July 2022

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	75	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	10	Minimum 1 lot based on availability

Kids Clinic India IPO Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Kids Clinic India IPO.

Cloudnine IPO GMP

Kids Clinic India IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
July 2022
July 2022
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Check Out the GMP of all Other IPOs

IPO Grey Market Premium

Kids Clinic India IPO Review

Kids Clinic India IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Cloudnine IPO is good or bad.

Kids Clinic India IPO Risk

1. They face a variety of operational, reputational, medical, and legal risks as a result of providing healthcare services.
2. As a medical facility, the long-term impact of the COVID-19 pandemic on their company and operations is unknown, although it might be considerable and have a negative influence.
3. The strength of their brand and reputation is critical to their success.
4. Failure to recognise, grasp, and adapt to quickly growing technological breakthroughs in medical equipment and technology could have a negative impact on their organisation.
5. All of their offices and centres are on leased or leave-and-license properties.
6. They have risks connected with launching new products and services, and they may not be able to properly adopt their new business models.

Other Threats

1. Meeting with relevant safety, medical, and environmental regulations could be costly and have a negative impact on their competitive position and operating performance.
2. Inability of their in-house information technology systems or third-party technology service vendors could threaten their services.
3. Different issues now confronting India’s healthcare industry may have a negative impact on their business, operational outcomes, and financial situation.
4. India’s birth rate may be declining, resulting in a drop in demand for maternity and childcare facilities.
5. They rely on third-party vendors and subcontractors, and they have contracts with third-party payers, administrators, and underwriters that may be cancelled.
6. They are the subject of ongoing litigation, the outcome of which could have a negative impact on their business.

Quality

The range of quality certifications and other milestones that Kids Clinic India Limited’s centres have received from several reputable Indian agencies attest to the high level of medical care they deliver.

Their Bengaluru facility was ranked No. 1 National Single-Speciality Hospitals in the Ob-Gyn and Paediatrics category by the Times of India in 2020, while their Gurugram facility was ranked No. 1 in the All India Fertility & IVF Hospitals/clinic rating survey 2020-2021.

Kids Clinic India Limited was also recognised one of the finest healthcare brands by The Economic Times in 2016 under the Specialised hospitals for women and children category, and got an award for the highest standard in patient care at the CIMS Healthcare Excellence Awards in 2016.

Kids Clinic India IPO Brokerage views

Here is the views of different stock brokers regarding this Kids Clinic India IPO:

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

Kids Clinic India IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
July 2022	1
July 2022	2
July 2022	3

Management

Kids Clinic India Limited has a dedicated and experienced senior management team with experience in a variety of industries, including healthcare and retail, allowing them to seize future growth possibilities and pioneer new ideas and concepts.

The senior management team at Kids Clinic India Limited has vast experience in healthcare operations and facility growth. Furthermore, their management has extensive experience with multi-state customer-focused operations as a result of their involvement in the retail sector.

Their senior management team has been instrumental in building a successful, scalable operating model, continuously achieving solid financial results, and overseeing the set-up of additional centres and roll-out of emerging markets under the supervision of their founders, Dr. R. Kishore Kumar and Rohit M A.

Principal Shareholders

• NewQuest
• True North Fund V LLP

Principal Shareholders’s Holding

Pre Issue Share Holding	50.72%
Post Issue Share Holding

Kids Clinic India Prospectus