Rainbow Children’s Medicare IPO Review, Date, GMP, Price, Lot Size, Apply

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.

Rainbow Children's Medicare IPO Review - Paisa kaudi
Rainbow Children’s Medicare IPO Review – Paisa kaudi

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 DateApril 27, 2022
IPO Close DateApril 29, 2022
Fresh Equity Share IssueEquity shares worth
approx ₹ 280 Crores
Offer for SaleApprox 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 Share35 %
QIB Quota50 %
NII (HNI) Quota15 %
Listing onNSE & BSE
Employee Discount
DRHPView
Rainbow Children’s Medicare IPO – Key points to know before investing

Rainbow Children’s Medicare IPO Timetable

IPO Start DateApril 27, 2022
IPO Close DateApril 29, 2022
Basis of Share Allotment DateMay 05, 2022
Refunds DateMay 06, 2022
Credit of shares to Demat Account DateMay 09, 2022
IPO Listing DateMay 10, 2022
Rainbow Children’s Medicare IPO Timetable – Paisa kaudi

Rainbow Children’s Medicare IPO Lot Size

Minimum Lot Size27 shares for 1 lot
Minimum Amount₹ 14,634 for 1 lot
Maximum Lot Size351 Shares (13 lot)
Maximum Amount₹ 190,242 (for 13 Lot)
Rainbow Children’s Medicare IPO Lot size – Paisa kaudi

Rainbow Children’s Medicare IPO Financial Report (2019-2021)

Company is in profits from last 3 years. Positive sign for investors.

YearRevenueExpensePAT (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 Revenue Report (Figures are in Crores)

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

Rainbow Children’s Medicare IPO Registrar Contact Information

KFin Technologies Limited

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

What is Rainbow Children’s Medicare IPO?

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.

What is Rainbow Children’s Medicare IPO price band?

Rainbow Children’s Medicare IPO price band is ₹516 to ₹542.

What is the lot size of Rainbow Children’s Medicare IPO?

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.

What is the investors portion in Rainbow Children’s Medicare IPO?

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.

When Rainbow Children’s Medicare IPO will open?

Rainbow Children’s Medicare IPO will open on April 27, 2022.

When is the Rainbow Children’s Medicare IPO Allotment?

Basis of Allotment for Campus Activewear IPO will happen on May 05, 2022 and allotted shares will be deposited in your demat account on May 09, 2022.

When is the Rainbow Children’s Medicare IPO Listing Date?

Shares of Campus Activewear IPO will list in the market on May 10, 2022.

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