Rainbow Children’s Medicare’s Rs 1,580.80 crore initial public offering (IPO), which launches on April 27, has set a price range of Rs Rs 516-542 per share with a face value of Rs 10 per share. The subscription period for anchor investors will begin one day before the IPO’s scheduled launch date. The subscription period for the public issue will end on April 29. According to industry sources, Rainbow Children’s Medicare IPO is expected to go public on the stock markets on May 10, 2022.
Rainbow Children’s Medicare IPO
Rainbow Children Medicare’s initial public offering (IPO) will begin trading on April 27, 2022. The business intends to generate Rs. One thousand five hundred ninety-five crores via an initial public offering (IPO), including a new issuance of Rs. Two hundred eighty crores and offers 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 largest multi-specialty pediatric hospital chain and the largest provider of obstetrics and gynecological services. The firm reported a total of 660 crores in sales in 2021, compared to 730 crores in revenue in 2020. The price range for the first public offering (IPO) is defined at 516 to 542 rupees per equity share. The Rainbow Children Medicare Initial Public Offering (IPO) will be listed on the NSE and BSE.
To be used 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, the company proposes to use the net proceeds from the latest issue from the initial public offering (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
A bid for a minimum of 27 shares, and subsequent bids in multiples of 27 shares, may be placed by an institutional investor. Thus, individual investors may deposit a minimum of Rs 14,634 for a single lot and a maximum of Rs 1,90,242 for thirteen lots. It will be done on May 5, after which the corporation will begin processing reimbursements or unblocking cash from the ASBA account, which will happen on the 6th of this month. Amounts credited to allottees’ depository accounts will be credited to their accounts on May 9.
The firm will join the ranks of Max Healthcare Institute, Krishna Institute of Medical Sciences, Apollo Hospitals Enterprise, Narayana Hrudayalaya, and Fortis Healthcare if Rainbow Children’s Medicare shares are successfully listed on the New York Stock Exchange (NYSE).
The bulk of the company’s sales is derived from a small number of specialized products. Primary pediatric care, secondary pediatric care, tertiary pediatric care, quaternary pediatric care, and women’s health (gynecology, obstetrics, and allied services) are the four primary specialties of the institution.
About Rainbow Children’s Medicare Company
Rainbow Children’s Medicare Limited operates a multi-specialty pediatric and obstetrics and gynecology hospital network in India. Infant and pediatric intensive care, pediatric multi-specialty services, pediatric quaternary care, obstetrics and gynecology, routine and complex obstetric care, multidisciplinary fetal care, perinatal genetics, and fertility services are among the services provided the organization.
According to the most recent data available on September 30, 2021, Rainbow Children’s Medicare operated 14 hospitals and three clinics in six locations with 1,500 beds. Founded in Hyderabad in 1999, the organization opened its first pediatric specialty hospital for children.
Using a full-time doctor model, Rainbow Children’s Medicare Limited can provide access to most core experts around the clock, which is especially critical for children’s emergency, neonatal, and pediatric intensive care services. According to the company’s most recent financial report, it employed 602 full-time physicians and 1,686 part-time or visiting doctors as of September 30, 2021.