HomeIPORainbow Childrens Medicare IPO Details

Rainbow Childrens Medicare IPO Details

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Rainbow Childrens Medicare IPO subscription is to open on 27 April and will close on 29 April 2022, Rainbow Children’s Medicare is the leading multi-specialty pediatric and obstetrics and gynecology hospital chain in India. Check the Rainbow Children’s Medicare Subscription Status & Allotment Status.

About Rainbow Children’s Medicare

Rainbow Childrens Medicare is leading multi-specialty pediatric and obstetrics and gynecology hospital chain in India, operating 14 hospitals and three clinics in six cities, with a total bed capacity of 1,500 beds, as of December 31, 2021. Rainbow Childrens Medicare had the highest number of hospital beds amongst comparable players in the maternity and pediatric healthcare delivery sector, as of March 31, 2021. The core specialties are pediatrics, which includes newborn and pediatric intensive care, pediatric multi-specialty services, pediatric quaternary care (including multi organ transplants); and obstetrics and gynecology, which includes normal and complex obstetric care, multi-disciplinary fetal care, perinatal genetic and fertility care.

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Important Details – Rainbow Children’s Medicare

DateDetails
August 7, 1998The company was originally incorporated as ‘Rainbow Children’s Medicare Private Limited’ as a private limited company, at Hyderabad, Telangana
November 3, 2021The company was converted into a public limited company, and the name of the company was changed to ‘Rainbow Children’s Medicare Limited’

Objects of the Issue

  • Early redemption of NCDs issued by the company to CDC Emerging Markets Limited (“CDCEML”) in full
  • Capital expenditure towards setting up of new hospitals and purchase of medical equipment for such new hospitals; and
  • General corporate purposes.

Rainbow Children’s Medicare Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in millions)
  31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 12,397.56 10,812.67 10,192.37 9,263.96
Total income 7,740.62 6,603.10 7,297.37 5,511.44
Total Expenses 6,024.75 6,046.14 6,363.81 4,936.18
Profit After Tax 1,264.13 395.68 553.4 445.9

Rainbow Children’s Medicare IPO Price – Details

DescriptionRAINBOW IPO Details
Public IssueInitial Public Issue of upto  2,94,38,884 Equity Shares of ₹ 10 (aggregating up to ₹ 1,595.59 Crore)
Issue Open  Date27-Apr-22
Issue Close Date29-Apr-22
Issue TypeBook Building
IPO Price Band₹ 516 – ₹ 542
Face Value ₹ 10
Market Lot 27 Equity Shares and in multiples thereof
Minimum Order Quantity 27 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolRAINBOW
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Rainbow Children’s Medicare IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum127₹ 14,634
Maximum13351₹ 1,90,242

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 IPO Registrar

Rainbow Children’s Medicare IPO Allotment Date, Listing Date and other Important Dates

DetailsImportant Dates
Bid / Offer Opens on27-Apr-22
Bid / Offer Closes on29-Apr-22
Finalisation of Basis of Allotment05-May-22
Initiation of refunds 06-May-22
Credit of the Equity Shares09-May-22
Listing Date10-May-22

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
(₹)
Total Income
(Rs. in
Lakhs)
NAV, as on March 31, 2021
(₹ per share)
Rainbow Childrens Medicare104.366,603.1048.82
Apollo Hospitals Enterprise Limited510.741,06,050.00320.10
Fortis Healthcare Limited10(1.45)40,766.8081.06
Narayana Hrudalaya Limited10(0.70)26,105.2254.82
Max Healthcare Institute Limited10(1.59)26,194.1058.37
Krishna Institute of Medical Sciences Limited1026.8713,401.02111.32

Company Corporate Office

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8-2-19/1/A, Daulet Arcade,
Road No. 11, Banjara Hills,
Hyderabad – 500 034,
Telangana
Website: www.rainbowhospitals.in

Company Registered Office

8-2-120/103/1, Survey No. 403,
Road No. 2, Banjara Hills,
Hyderabad – 500 034,
Telangana

Company Promoters

  • Dr. Ramesh Kancharla
  • Dr. Dinesh Kumar Chirla
  • Dr. Adarsh Kancharla

Rainbow Children’s Medicare IPO – FAQS

What is the Rainbow Childrens Medicare IPO Price?

The Rainbow Childrens Medicare IPO price band is ₹ 516 – ₹ 542 per share

When Rainbow Childrens Medicare IPO will open?

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

What is the lot size of Rainbow Childrens Medicare IPO?

The Rainbow Childrens Medicare IPO lot size is 27 Equity Shares and the minimum order quantity is 27 Equity Shares

Who is the Registrar for Rainbow Childrens Medicare IPO?

The Registrar for Rainbow Childrens Medicare IPO is KFin Technologies Private Limited

How to apply in Rainbow Childrens Medicare IPO through UPI?

Check the step by step process here – Click here

How to apply in Rainbow Childrens Medicare IPO through Zerodha?

Check the step by step process here – Click here

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