Rainbow Children Medicare IPO Date, Lot Size and Price

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

Rainbow Children Medicare IPO Details

Opening DateApr 27, 2022
Close DateApr 29, 2022
Price BandRs. 516 to Rs. 542 per equity share
Lot Size27 Shares
Issue Size (Rs. Cr.)(To be announced) Eq Shares of Rs. 10 (aggregating up to Rs. 1,580.85 Cr)
Face ValueRs. 10 per equity share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, NSE
Fresh Issue(To be announced) Eq Shares of Rs. 10 (aggregating up to Rs. 1,580.85 Cr)
Offer for Sale24,000,900 Eq Shares of Rs. 10 (aggregating up to Rs. 1,300.85 Cr)
QIB Shares Offered50% of the net offer
Retail Shares Offered35% of the net offer
NII (HNI) Shares Offered15% of the net offer
Basis of Allotment DateMay 5, 2022
Initiation of RefundsMay 6, 2022
Credit of Shares to Demat AccountMay 9, 2022
IPO Listing DateMay 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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Rainbow Children Medicare IPO FAQs

What is Rainbow Children Medicare IPO?

The Rainbow Children Medicare IPO is a main board IPO with a total of (To be announced) equity shares with a face value of Rs. 10 and a market capitalization of Rs. 1,580.85 crores. The issue’s price per equity share is Rs. 516 to Rs. 542 per equity share.  27 shares are the minimum order quantity.

When Rainbow Children Medicare IPO will open?

The Rainbow Children Medicare IPO opens on Apr 27, 2022 and closes on Apr 29, 2022.

What is the lot size of Rainbow Children Medicare IPO?

The IPO lot size for Rainbow Children Medicare is 27 shares, and the minimum order amount is 27 shares.

How to apply for Rainbow Children Medicare IPO?

You can apply for the Rainbow Children Medicare Initial Public Offering (IPO) online utilising UPI or ASBA as a payment option. The ASBA IPO application can be found in your bank account’s net banking. Brokers who do not provide banking services provide the UPI IPO application.

When Rainbow Children Medicare IPO allotment?

The basis of allotment for the Rainbow Children Medicare IPO will be finalised on 5 May 2022, and the allotted shares will be credited to your demat account by 9 May 2022.

When is Rainbow Children Medicare IPO listing date?

The Rainbow Children Medicare IPO listing date is 10 May 2022. The tentative date of Rainbow Children Medicare IPO listing is 10 May 2022.

Who is the registrar of Rainbow Children Medicare IPO?

KFin Technologies Limited is the registrar for Rainbow Children Medicare IPO.

What is Rainbow Children Medicare IPO Price Band?

Rainbow Children Medicare IPO price band is Rs. 516 to Rs. 542 per equity share.