Rainbow Childrens Medicare IPO Date, GMP, Review, Price Details

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.

Rainbow Childrens Medicare IPO

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
Offer for sale 24,000,900 Eq Shares of ₹10 face value
(aggregating up to [.]
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)

 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

KFin Technologies Private Limited
Phone: +91-406716 2222
E-mail: rcml.ipo@kfintech.com
Website: www.kfintech.com

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

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