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)
| Year | Assets | Revenue | PAT |
| 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 Date | 27 Apr 2022 |
| IPO Close Date | 29 Apr 2022 |
| IPO Size | ₹1,595.59 Cr |
| Issue Type | Book Building issue |
| Fresh Issue | ₹280 Cr |
| Offer For sale | 240,00,900 Eq Share |
| Face Value | ₹10/Equity share |
| Price Band | ₹516 to ₹542 |
| List On | NSE & BSE |
| DRHP | Click Here |
| GMP | Click 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 Size | 1Lot, 27 Shares |
| Minimum Amount | ₹14,634 |
| Maximum Lot Size | 13Lot, 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.
| Category | Reservation(%) |
|---|---|
| QIB | 50% |
| NII | 15% |
| RII | 35% |
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 Date | 27 Apr 2022 |
| IPO Close Date | 29 Apr 2022 |
| Allotment Date | 05 May 2022 |
| Refund Date | 06 May 2022 |
| Credit to Demat Account | 09 May 2022 |
| Listing Date | 10 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
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How to Apply Rainbow Children’s Medicare IPO through Zerodha?
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?
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?
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?
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.