Rainbow Children’s Medicare IPO has filed its Draft Red Herring Prospectus with SEBI. Rainbow Children’s Medicare IPO comprises a fresh issue of equity shares aggregating up to ₹280 Cr and an Offer for sale (OFS) of up to 2.4 Cr equity shares.
Rainbow Children’s Medicare Limited is a multi-specialty pediatric hospital chain that has filed DRHP SEBI to raise over ₹2,000 crore through an initial public offering (IPO). The offer will also have a reservation for employees.
Incorporated in the year 1999, Rainbow Children’s Medicare started its operations in Hyderabad comprising a 50-bed pediatric unit. It has grown to three clinics and 14 hospitals in six cities in India as of September 30, 2021. The total capacity of the company is almost 1,500 beds. The company provides pediatric care, including intensive care for newborns and children, pediatric quaternary care, pediatric multi-speciality services and obstetrics and genecology.
Rainbow Children’s Medicare aims to provide high standards of care for the mother, fetus, newborn and children with an ample number of smiling faces. The hospital chain is backed by UK based development finance institution called CDC Group, PLC.
Objectives Of The IPO
The net proceeds from the fresh issue will be used towards the redemption of non-convertible debentures (NCDs), capital expenditure towards setting up new hospitals and purchase of medical equipment for all new hospitals and general corporate purposes.
Company Promoters
- Dr. Ramesh Kancharla.
- Dr. Dinesh Kumar Chirla.
- Dr. Adarsh Kancharla.
Rainbow Children’s Medicare IPO Details
| IPO DETAILS | Rainbow Children’s Medicare |
| Issue Period | January 2022 – January 2022 |
| Price Band | ₹ – ₹ per equity share |
| Issue Size | – |
| Face Value | ₹10 per equity share |
| Issue Type | Book built issue |
| Fresh Issue | [.] Eq Shares of ₹10 face value (aggregating up to ₹280 Cr) |
| Offer for sale | 24,000,900 Eq Shares of ₹10 face value (aggregating up to [.] Cr) |
| Listing | NSE and BSE |
| Registrar | KFin Technologies Private Limited |
Rainbow Children’s Medicare IPO Timeline
Rainbow Children’s Medicare IPO issue date, issue price, allotment date, and the listing date, and all the details will be announced soon.
| IPO Opens | To be announced |
| IPO Ends | To be announced |
| Allotment Begins | To be announced |
| Refund Initiation | To be announced |
| Allotment Date | To be announced |
| Listing Date | To be announced |
Rainbow Children’s Medicare IPO Lot Size (Retail Individual Investors)
| Applications | Lots | Shares | Amount(Cut-off) |
| Minimum | – | – | – |
| Maximum | – | – | – |
Rainbow Children’s Medicare IPO Investor Category
Rainbow Medicare IPO has 35% of the net offer under the Retail Category.
| QIB (Qualified Institutional Buyers) | 50% of net offer |
| NII (Non-Institutional Investors) | 15% of net offer |
| RII (Retail Individual Investors) | 35% of net offer |
Rainbow Children’s Medicare IPO Review
Rainbow Medicare IPO review will be out soon once all the issue details are out in public.
Rainbow Children’s Medicare Book Running Lead Manager(s)
- Kotak Mahindra Capital Company Limited
-
J.P. Morgan India Private Limited
- IIFL Securities Limited
Rainbow Children’s Medicare Registrar
Company Contact Details
Road No – 2, Banjara Hills,
Near L V Prasad Eye Hospital,
Next to Hotel Park Hyatt,
Hyderabad – 500034.
Telangana, INDIA.
Phone: +91-4044665555
Email: info@rainbowhospitals.in