On April 27, 2022, Rainbow Children’s Medicare IPO (Initial Public Offering) will open for subscription. The Rs. 1,595 crore public issuance will be offered until April 29, 2022. As the issue’s opening date approaches, the grey market has begun to send signals about the public offering. Rainbow Children’s Medicare share price is trading at a premium of Rs. 50 in grey market, according to market experts.
Rainbow Children Medicare IPO Details
|Opening Date||Apr 27, 2022|
|Close Date||Apr 29, 2022|
|Price Band||Rs. 516 to Rs. 542 per equity share|
|Lot Size||27 Shares|
|Issue Size (Rs. Cr.)||(To be announced) Eq Shares of Rs. 10 (aggregating up to Rs. 1,580.85 Cr)|
|Face Value||Rs. 10 per equity share|
|Issue Type||Book Built Issue IPO|
|Exchange Board||BSE, NSE|
|Fresh Issue||(To be announced) Eq Shares of Rs. 10 (aggregating up to Rs. 1,580.85 Cr)|
|Offer for Sale||24,000,900 Eq Shares of Rs. 10 (aggregating up to Rs. 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 Date
Rainbow Children Medicare IPO is coming on end of April 2022 and it is going to list on BSE & NSE. The Rainbow Children Medicare IPO’s opening date is Apr 27, 2022, and the close date is Apr 29, 2022
Rainbow Children’s Medicare Limited operates a multi-speciality pediatric, obstetrics and gynaecology hospital chain in India.
Rainbow Children Medicare IPO Price
The IPO Price for Rainbow Children Medicare has not declared yet. Rainbow Children Medicare IPO Price is Rs. 516 to Rs. 542 per equity share. Rainbow Children Medicare IPO will take place on end of April 2022.
Rainbow Children Medicare IPO Lot Size
The lot size of Rainbow Children Medicare IPO is 27 Shares. This is the minimum order quantity for this IPO. An individual retail investor can apply for up to one lot 27 shares.
Rainbow Children Medicare IPO Allotment Date and Listing Date
The IPO for Rainbow Children Medicare will open on 27 April 2022, and IPO close date is 29 April 2022. The Rainbow Children Medicare IPO Allotment Date is 5 May 2022. This IPO will take 5 days to list. The Rainbow Children Medicare IPO’s listing date is 10 May 2022.
About Rainbow Children’s Medicare Limited IPO
Rainbow Children’s Medicare Limited is an Indian hospital network that specialises in paediatrics, obstetrics, and gynaecology. The organisation provides newborn and paediatric intensive care, paediatric multi-specialty services, paediatric quaternary care, obstetrics and gynaecology, which encompasses normal and complicated obstetric treatment, as well as multidisciplinary foetal care, perinatal genetics, and reproductive care. As of September 30, 2021, Rainbow Children’s Medicare manages 14 hospitals and three clinics in six locations, with a total bed capacity of 1,500 beds. In Hyderabad, India, the business opened its first paediatric specialty hospital in 1999.
Rainbow Children’s Medicare Limited uses a full-time doctor model to ensure that the majority of core specialists are available 24 hours a day, seven days a week, which is especially crucial for children’s emergency, neonatal, and paediatric intensive care services. The company employed 602 full-time doctors and 1,686 part-time/visiting doctors as of September 30, 2021.
Promoters of Rainbow Children Medicare IPO
The company’s promoters are Dr. Ramesh Kancharla, Dr. Dinesh Kumar Chirla and Dr. Adarsh Kancharla.
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