Rainbow Children’s Medicare IPO | GMP Today, Lot Size, Share Price

Rainbow Children’s Medicare IPO | GMP Today, Lot Size, Share Price: Rainbow Children’s Medicare has set a price range of Rs Rs 516-542 a share with a face value of Rs 10 per share for its Rs 1,580.80 crore initial public offering (IPO), which begins on April 27. The anchor investor subscription period will commence one day before the IPO’s scheduled launch date. The public issue’s subscription period will expire on April 29. Rainbow Children’s Medicare IPO is likely to go public on the stock markets on May 10, 2022, according to industry sources.

Rainbow Children’s Medicare IPO

The initial public offering (IPO) of Rainbow Children Medicare will begin trading on April 27, 2022. The company plans to raise Rs. 1,595 crores through an initial public offering (IPO), which would include a new issue of Rs. 280 crores as well as bids of up to 24,000,900 equity shares from founders.

IPO Opening Date Apr 27, 2022
IPO Closing Date Apr 29, 2022
Issue Type Book Built Issue IPO
Face Value ₹10 per 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 29,438,884 Eq Shares of ₹10

(aggregating up to ₹1,595.59 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 ₹[.] 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

Rainbow Children’s Medicare Limited is India’s leading multi-specialty pediatric hospital network and obstetrics and gynecological services, provider. In 2021, the company recorded total revenue of 660 crores, down from 730 crores in 2020. The maiden public offering (IPO) pricing range is set at 516 to 542 rupees per equity share. The NSE and BSE will both list the Rainbow Children Medicare Initial Public Offering (IPO).

The company proposes to use the net proceeds from the latest issue from the initial public offering for early redemption of non-convertible debentures (NCDs) issued by the company in full, capital expenditure for the establishment of new hospitals, and the purchase of medical equipment for such new hospitals, as well as general corporate purposes (IPO).

Rainbow Children’s Medicare IPO Competitive Strengths

  • Planning, designing, and running specialist children’s hospitals are required.
  • With extensive clinical competence in managing complex disorders, the leading pediatric multi-specialty healthcare network is known worldwide.
  • An integrated provider of comprehensive perinatal care, using synergies between pediatric and obstetrics and gynecology services, among other things.
  • In addition to generating synergies, the hub-and-spoke architecture guarantees that patients get better treatment and have easier access to care resources.
  • Growth, as well as operational and financial excellence, have a proven track record.
  • Strong institutional shareholder backing, as well as an experienced senior management team

Rainbow Children’s Medicare GMP Today

An institutional investor can place a bid for a minimum of 27 shares and subsequent bids in multiples of 27 shares. Individual investors can put down as little as Rs 14,634 for a single lot and as much as Rs 1,90,242 for thirteen. It will be completed on May 5th, after which the corporation will begin processing reimbursements or unblocking cash from the ASBA account on May 6th. On May 9, allottees’ depository accounts will be credited with the amounts credited to them.

If Rainbow Children’s Medicare shares are successfully listed on the New York Stock Exchange, the company will join the ranks of Max Healthcare Institute, Krishna Institute of Medical Sciences, Apollo Hospitals Enterprise, Narayana Hrudayalaya, and Fortis Healthcare (NYSE).

A small number of specialized goods account for the majority of the company’s sales. The institution’s four core specializations are primary pediatric care, secondary pediatric care, tertiary pediatric care, quaternary pediatric care, and women’s health (gynecology, obstetrics, and related services).

About Rainbow Children’s Medicare Company

Rainbow Children’s Medicare Limited is an Indian hospital network that specializes in pediatrics, obstetrics, and gynecology. Among the services given by the organization are infant and pediatric critical care, pediatric multi-specialty services, pediatric quaternary care, obstetrics and gynecology, routine and complex obstetric care, multidisciplinary fetal care, and perinatal genetics, and reproductive services.

Rainbow Children’s Medicare operated 14 hospitals and three clinics at six locations with 1,500 beds, according to the most recent data available on September 30, 2021. The organization launched its first pediatric specialty hospital for children in Hyderabad in 1999.

Rainbow Children’s Medicare Limited can give access to most core experts around the clock using a full-time doctor model, which is especially important for children’s emergency, neonatal, and pediatric intensive care services. As of September 30, 2021, the company employs 602 full-time physicians and 1,686 part-time or visiting doctors, according to its most recent financial report.

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