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Rainbow Children's Medicare IPO Price, Date & Detailed Review 2022

Rainbow Children's Medicare IPO - The IPO of the multi-specialty pediatric hospital chain Rainbow Children's Medicare Limited is coming up. The company has filed a draft paper with the market regulator SEBI for this. The company wants to raise more than Rs 2,000 crore through this IPO. According to the Red Herring Prospectus (DRHP), new shares worth Rs 280 crore will be issued under this IPO. Apart from this, 2.4 crore equity shares will be sold by the shareholders of the company under the offer for sale (OFS).

Rainbow Children's Medicare IPO Review

Pending Review

Rainbow Children's Medicare Financial Report ₹(in cr)


YearAssetsRevenuePAT
2019₹926.39₹551.14₹44.59
2020₹1,019.23₹729.73₹55.34
2021₹1,081.26₹660.31₹ 39.59

Rainbow Children's Medicare IPO Date & Details


IPO Open Date27 Apr 2022
IPO Close Date29 Apr 2022
IPO Size₹1,595.59 Cr
Issue TypeBook Building issue
Fresh Issue₹280 Cr
Offer For sale240,00,900 Eq Share
Face Value₹10/Equity share
Price Band₹516 to ₹542
List OnNSE & BSE
DRHPClick Here
GMPClick Here

Rainbow Children's Medicare IPO Market Lot Size (Tentative)

Rainbow Medicare IPO Minimum of 27 Shares in 1 lot with ₹14,634 application amount. If you want to come under retail investor then you can apply a maximum for 13 Lot, 351 shares with ₹ 190,242 application amount.

Minimum Lot Size1Lot, 27 Shares
Minimum Amount₹14,634
Maximum Lot Size13Lot, 351 Shares
Maximum Amount₹190,242

Rainbow Children's Medicare IPO Reservation

The reservation for the Rainbow Children's Medicare IPO is like 50% is for QIB, 15% is for NII and 35% is for RII, employee quota is not shared.


CategoryReservation(%)
QIB50%
NII15%
RII35%

Rainbow Children's Medicare IPO Time Table

Rainbow Medicare IPO Listing Date is on 10 May 2022, closing date is 29 Apr 2022, and is as follows.


IPO Open Date27 Apr 2022
IPO Close Date29 Apr 2022
Allotment Date05 May 2022
Refund Date06 May 2022
Credit to Demat Account09 May 2022
Listing Date10 May 2022

Lead Managers of Rainbow Children's Medicare

  • Kotak mahindra Capital
  • J.P. Morgan India
  • IIFL Financial Services

Rainbow Children's Medicare Promoter

  • Dr. Ramesh Kancharla
  • Dr. Dinesh Kumar Chirla
  • Dr. Adrsh Kancharla

Rainbow Children's Medicare Peer Competitor

  • Apollow Hospitas
  • Forties Healthcare
  • Narayana Hrudalaya
  • Max Healthcare
  • KIMS

About Company

Rainbow Children's Medicare is supported by the UK-based Development Finance Institution CDC Group.
The company established itself in Hyderabad in the year 1999. Since then, it has established itself as a leader in multi-specialty pediatric services, with strong clinical expertise in the management of complex diseases.
As of September 30, 2021, Rainbow operates 14 hospitals and three clinics with a total bed capacity of 1,500 beds across six cities in India.
The company primarily deals in pediatric care, including neonatal and pediatric intensive care, pediatric multi-specialty services, pediatric quaternary care (including multi-organ transplants), and obstetrics and gynecology. Under this, general and complex obstetric care, multi-disciplinary fetal care, perinatal genetic and fertility care are included.
Kotak Mahindra Capital Company, JP Morgan India, and IIFL Securities is the Book Running Lead Manager of the issue.
Equity shares are proposed to be listed on BSE and NSE.

Purpose of Issue

Under this IPO, the funds from the fresh issue will be used for the full redemption of Non-Convertible Debentures (NCDs) issued by the company at the earliest.

Apart from this, the funds will also be used for setting up new hospitals, purchasing medical equipment for hospitals, and for general corporate purposes.

Rainbow Children's Medicare Registrar

KFintech Private Limited

Address

8-2-120/103/1, Survey No. 403, Road No. 2, Banjara Hills, Hyderabad: 500 034, Company Secretary & Compliance Officer: Ashish Kapil

Website:- Rainbowhospitals.in

FAQ

What is the Price Band of Rainbow Children's Medicare IPO?

The Price Band of Rainbow Children's IPO is ₹516 to ₹542.

What is the launch date of Rainbow Children's Medicare IPO?

The IPO opens on 27 Apr 2022 and closes on 29 Apr 2022.

What is the size of the Rainbow Children's Medicare IPO?

The IPO Size of Rainbow Children's Medicare is ₹1,595.59cr.

What is the Rainbow Children's Medicare IPO allotment Date?

The Allotment of Rainbow Children's Medicare IPO was done on 05 May 2022.

What is the listing date Of Rainbow Children's Medicare IPO?

The listing date is 10 May 2022 and the IPO list on BSE and NSE.

How to Apply Rainbow Children's Medicare IPO through Zerodha?

1. Log in to the Zerodha Kite application on your mobile.
2. Go to Portfolio and Click on IPO.
3. You will see the IPO Name “Rainbow Children's Medicare IPO”. Click on Bid Button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit IPO Application Form.
6. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.

How to Apply Rainbow Children's Medicare IPO through Upstox?

1. Log in to the Upstox application on your mobile.
2. Go to Portfolio and Click on IPO.
3. You will see the IPO Name “Rainbow Children's Medicare IPO”.
4. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price.
6. Submit IPO Application Form.
7. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.

How to Apply Rainbow Children's Medicare IPO through Groww?

1. Log in to the Groww application on your mobile.
2. Now you can see IPOs and Click on IPO.
3. You will see the IPO Name “Rainbow Children's Medicare IPO”.
4. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form.
6. Now go to your UPI App on Net Banking or BHIM App to approve the payment process.

How to Apply Rainbow Children's Medicare IPO through Paytm Money?

1. Log in to the Paytm Money application on your mobile.
2. Now you can see Invest is IPOs Section and Click on IPO.
3. You will see the IPO Name “Rainbow Children's Medicare IPO”.
4. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price.
6. Submit IPO Application Form.
7. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.






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