Rainbow Childrens Medicare IPO – Started operations in 1999, Rainbow Children’s Medicare is the leading chain of multi-specialty pediatric, obstetrics and gynecology hospitals in India.
List of Topic Covered
Features of Rainbow Children’s Medicare IPO
- This IPO will open on 27th April 2022
- You can apply in this IPO from 27th – 29th April 2022
- Issue Price band of the company is ₹ 516 to ₹ 542 per equity share.
- Rainbow Children’s Medicare IPO comprises fresh issue of approx ₹ 280 Crores and an offer for sale (OFS) of 24,000,900 equity shares worth approx ₹1300 Crores.
- It has a minimum 27 shares in one lot and you have to spend a minimum of ₹ 14,634 for 1 lot.
- Rainbow Children’s Medicare is looking to raise ₹1,595.59 Crores through this IPO.
What is Rainbow Children’s Medicare ?
- Incorporated in 1999 in Hyderabad, Rainbow Children’s Medicare is India’s leading chain of multi-specialty pediatric, obstetrics and gynecology hospitals.
- They have 14 hospitals and three clinics in six cities, with a total bed capacity of 1,500 beds.
- Their services include pediatric intensive care, pediatric services, pediatric quaternary care, obstetric care, multi-disciplinary fetal care, perinatal genetic and fertility care.
- They operate on a 24/7 full time doctor model which is important for children’s emergency, pediatric services etc.
- Dr. Ramesh Kancharla is the Chairman and Managing Director of Rainbow Children’s Medicare.
- On the revenue front, Rainbow Children’s Medicare has been profitable for the last 3 consecutive years. Positive sign for investors.
GMP of Rainbow Children’s Medicare IPO
- Grey market is an unregulated market to trade IPO shares before listing.
- Rainbow Children’s Medicare IPO price band is placed at ₹ 516 to ₹ 542.
- But the grey market premium of this share is currently 5.17% i.e. at ₹ 28.
- So the share price of Rainbow Children’s Medicare IPO in the grey market is ₹ 570 (542+28).
Click here to Get Details IPO Grey Market Premium (GMP) Live
Rainbow Children’s Medicare IPO Live Subscription Status
The Rainbow Childrens Medicare IPO overall subscribed 12.43 times on it’s final day i.e. on Apr 29, 2022.
Click here to Get Details IPO Subscription Status Live
Rainbow Children’s Medicare IPO Date, Lot Size, Allotment
Rainbow Children’s Medicare IPO Details
| IPO Start Date | April 27, 2022 |
| IPO Close Date | April 29, 2022 |
| Fresh Equity Share Issue | Equity shares worth approx ₹ 280 Crores |
| Offer for Sale | Approx 24,000,900 Eq Shares (aggregating up to ₹1315.59 Cr) |
| Face Value | ₹ 10 Per Equity Share |
| Price Band | ₹ 516 – ₹ 542 Per Equity Share |
| Retail Quota Share | 35 % |
| QIB Quota | 50 % |
| NII (HNI) Quota | 15 % |
| Listing on | NSE & BSE |
| Employee Discount | – |
| DRHP | View |
Rainbow Children’s Medicare IPO Timetable
| IPO Start Date | April 27, 2022 |
| IPO Close Date | April 29, 2022 |
| Basis of Share Allotment Date | May 05, 2022 |
| Refunds Date | May 06, 2022 |
| Credit of shares to Demat Account Date | May 09, 2022 |
| IPO Listing Date | May 10, 2022 |
Rainbow Children’s Medicare IPO Lot Size
| Minimum Lot Size | 27 shares for 1 lot |
| Minimum Amount | ₹ 14,634 for 1 lot |
| Maximum Lot Size | 351 Shares (13 lot) |
| Maximum Amount | ₹ 190,242 (for 13 Lot) |
Rainbow Children’s Medicare IPO Financial Report (2019-2021)
Company is in profits from last 3 years. Positive sign for investors.
| Year | Revenue | Expense | PAT (Profit / Loss After Tax) |
| 2021 (9M) | ₹ 774 | ₹ 602 | ₹ 126.41 |
| 2021 | ₹ 660 | ₹ 605 | ₹ 39.57 |
| 2020 | ₹ 730 | ₹ 636 | ₹ 55.34 |
| 2019 | ₹ 551 | ₹ 494 | ₹ 44.59 |
Rainbow Children’s Medicare IPO – Basis of Allotment
- Rainbow Children’s Medicare IPO’s 50 % quota is reserved for the QIB category.
- 15 % quota is reserved for NII Category and
- 35 % quota is reserved for retail investors.
How to Apply in Rainbow Children’s Medicare IPO ?
- You can apply for the Rainbow Children’s Medicare IPO through the ASBA facility available in your bank account.
- Just login to your online banking. GO to the IPO section and apply for Rainbow Children’s Medicare IPO.
- Also you can apply this IPO through your trading account.
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
How to apply for the Rainbow Children’s Medicare IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Rainbow Children’s Medicare IPO
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Rainbow Children’s Medicare IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Rainbow Children’s Medicare IPO
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Rainbow Children’s Medicare IPO Allotment Status
You can check Veranda Learning IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
Other Information in Rainbow Children’s Medicare IPO
Rainbow Children’s Medicare IPO Promoters
- Dr. Ramesh Kancharla
- Dr. Dinesh Kumar Chirla
- Dr. Adarsh Kancharla
Rainbow Children’s Medicare IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
- IIFL Securities Ltd
Rainbow Children’s Medicare Ltd Contact Information
Rainbow Children’s Medicare Limited
8-2-120/103/1,
Survey No. 403,
Banjara Hills, Hyderabad – 500 034
- Phone: + 91 40 49692244
- Email: companysecretary@rainbowhospitals.com
- Website: https://www.rainbowhospitals.in/
Rainbow Children’s Medicare IPO Registrar Contact Information
KFin Technologies Limited
- Phone: 04067162222, 04079611000
- Email: rcml.ipo@kfintech.com
- Website: https://karisma.kfintech.com/
Paisa kaudi recommendation on Rainbow Children’s Medicare IPO
Rainbow Children’s Medicare is India’s leading chain of multi-specialty pediatric, obstetrics and gynecology hospitals. Price band is convincing. Company financials are positive and looks strong.
Can be considered for listing gains and long term gains as well. Keep checking the GMP for more clear picture.
Rainbow Children’s Medicare IPO FAQs
Rainbow Children’s Medicare IPO is the main-board IPO which will be listed on NSE & BSE. They are going to raise Approx ₹ 1595.59 crores through this IPO. One lot has minimum 51 shares and you have to spend a minimum ₹14,634 for 1 lot.
Rainbow Children’s Medicare IPO price band is ₹516 to ₹542.
One lot has minimum 27 shares and you have to spend a minimum ₹ 14,634 for 1 lot. Maximum lot is 13 and you have to spent ₹ 190,242 for 13 lots.
Rainbow Children’s Medicare IPO’s 35 % quota is reserved for retail investors. 15 % quota is reserved for NII Category and 50 % quota is reserved for the QIB category.
Rainbow Children’s Medicare IPO will open on April 27, 2022.
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