Rainbow Children's Medicare Limited operates a multi-speciality pediatric, obstetrics and gynaecology hospital chain in India. The company offers a wide range of services such as newborn and pediatric intensive care, pediatric multi-speciality services, pediatric quaternary care, obstetrics and gynaecology, which includes normal and complex obstetric care, and multidisciplinary fetal care, perinatal genetic and fertility care. Rainbow Children's Medicare operates 14 hospitals and three clinics in six cities, with a total bed capacity of 1,500 beds, as of September 30, 2021. In 1999, the company started its first pediatric speciality hospital in Hyderabad.
Rainbow Children's Medicare Limited operates on a full-time doctor model ensuring that most of the core specialists are available 24/7 which is particularly important for children's emergency, neonatal and pediatric intensive care services. As of September 30, 2021, the company had 602 full-time doctors and 1,686 part-time/visiting doctors.
The company propose to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
| IPO Opening Date | 27 Apr 2022 |
|---|---|
| IPO Closing Date | 29 Apr 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 Equity Share |
| IPO Price | ₹516 to ₹542 per equity share |
| Market Lot | 27 Shares |
| Min Order Quantity | 27 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹1,580.85 Cr) |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating up to ₹280.00 Cr) |
| Offer for Sale | 24,000,900 Eq Shares of ₹10 (aggregating up to ₹1,300.85 Cr) |
| QIB Shares Offered | 50% of the net offer |
| Retail Shares Offered | 35% of the net offer |
| NII (HNI) Shares Offered | 15% of the net offer |
| Basis of Allotment Date | May 5, 2022 |
|---|---|
| Initiation of Refunds | May 6, 2022 |
| Credit of Shares to Demat Account | May 9, 2022 |
| IPO Listing Date | May 10, 2022 |
Rainbow Children Medicare IPO is a main-board IPO of the face value of ₹10 aggregating up to ₹1,580.85 Crores. The issue is priced at ₹516 to ₹542 per equity share. The minimum order quantity is 27 Shares.
The IPO opens on 27 Apr 2022, and closes on 29 Apr 2022.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Rainbow Children Medicare IPO opens on 27 Apr 2022, and closes on 29 Apr 2022.
Rainbow Children Medicare IPO lot size is 27 Shares and the minimum order quantity is 27 Shares.
You can apply in Rainbow Children Medicare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Rainbow Children Medicare IPO will be done on May 5, 2022, and the allotted shares will be credited to your demat account by May 9, 2022.
Check the IPO allotment status.
The Rainbow Children Medicare IPO listing date is May 10, 2022. The tentative date of Rainbow Children Medicare IPO listing is May 10, 2022.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the Rainbow Children Medicare IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.
