Rainbow Children’s Medicare Limited is a leading multi-specialty pediatric and obstetrics and gynecology hospital chain in India, offering services such as newborn and pediatric intensive care, pediatric multi-specialty services, pediatric quaternary care, obstetrics and gynecology, which includes normal and complex obstetric care, and multidisciplinary fetal care, perinatal genetic and fertility care.
As of December 31, 2021, Rainbow Children’s Medicare operated 14 hospitals and three clinics in 6 cities, with a total bed capacity of 1,500 beds, and had had 641 full-time doctors and 1,947 part-time/visiting doctors.
The public offering of Rainbow Children’s Medicare comprises a fresh issue of equity shares aggregating up to Rs. 280 crores and an offer for sale of 2.4 crore equity shares from selling shareholders.
Financial Snapshot:
| Financial Year Ended | Revenue (₹ Crores) | PAT (₹ Crores) | EPS (₹) |
|---|---|---|---|
| March 2019 | 551.14 | 44.59 | 4.83 |
| March 2020 | 729.74 | 55.34 | 5.98 |
| March 2021 | 660.31 | 39.57 | 4.36 |
| As of December 2021 | 774.06 | 126.41 | 13.39 |
For more information, you can check out the IPO Prospectus filed by the company.
IPO Schedule:
| Issue Period | 27th April to 29th April 2022 |
|---|---|
| Price Range | ₹ 516 - 542 per share |
| Minimum Bid Quantity | 27 and in multiples thereof |
| Finalization of Allotment | 5th May 2022 |
| Initiation of Refunds | 6th May 2022 |
| Credit of Shares | 9th May 2022 |
| Date of Listing | 10th May 2022 |
| Mandate end date | 14th May 2022 |
| Anchor Investors Lock-In End Date | 29th May 2022 |
How do I apply to the Rainbow Children’s Medicare Limited IPO?
You can apply for the Rainbow Children’s Medicare Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Rainbow Children’s Medicare Limited IPO?
You can check the allotment status for the Rainbow Children’s Medicare Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.