Rainbow Children's Medicare Limited IPO (Rainbow Children Medicare IPO) Detail

Apr 27, 2022 - Apr 29, 2022

Rainbow Children's Medicare Limited operates a multi-speciality pediatric, obstetrics and gynaecology hospital chain in India. The company offers a wide range of services such as newborn and pediatric intensive care, pediatric multi-speciality services, pediatric quaternary care, obstetrics and gynaecology, which includes normal and complex obstetric care, and multidisciplinary fetal care, perinatal genetic and fertility care. Rainbow Children's Medicare operates 14 hospitals and three clinics in six cities, with a total bed capacity of 1,500 beds, as of September 30, 2021. In 1999, the company started its first pediatric speciality hospital in Hyderabad.

Rainbow Children's Medicare Limited operates on a full-time doctor model ensuring that most of the core specialists are available 24/7 which is particularly important for children's emergency, neonatal and pediatric intensive care services. As of September 30, 2021, the company had 602 full-time doctors and 1,686 part-time/visiting doctors.

Competitive Strengths:

  1. Ability to conceptualize, create and operate specialized children's hospitals.
  2. Leading pediatric multi-speciality healthcare chain with strong clinical expertise in managing complex diseases.
  3. Comprehensive perinatal care provider, with synergies between pediatric and obstetrics and gynaecology services.
  4. The hub-and-spoke model provides synergies and ensures better care and access for patients.
  5. Strong track record of growth, and operational and financial performance.
  6. Experienced senior management team with strong institutional shareholder support.

Objects of the Issue

The company propose to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

  1. The Early redemption of NCDs issued by our Company, in full.
  2. Capital expenditure towards setting up of new hospitals and purchase of medical equipment for such new hospitals.
  3. General corporate purposes.

Rainbow Children Medicare IPO Details

IPO Date Apr 27, 2022 to Apr 29, 2022
Listing Date May 10, 2022
Face Value ₹10 per share
Price ₹516 to ₹542 per share
Lot Size 27 Shares
Total Issue Size[.] shares
(aggregating up to ₹1,580.85 Cr)
Fresh Issue[.] shares
(aggregating up to ₹280.00 Cr)
Offer for Sale24,000,900 shares of ₹10
(aggregating up to ₹1,300.85 Cr)
Employee Discount Rs 20 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Rainbow Children Medicare IPO Reservation

QIB Shares Offered14,433,000 (50% of the net offer)
NII (HNI) Shares Offered4,330,000 (15% of the net offer)
Retail Shares Offered10,103,000 (35% of the net offer)
Total Shares Offered28,866,000

Rainbow Children Medicare IPO Tentative Timetable

Rainbow Children Medicare IPO opens on Apr 27, 2022, and closes on Apr 29, 2022.

Event Tentative Date
Opening Date Apr 27, 2022
Closing Date Apr 29, 2022
Basis of Allotment May 5, 2022
Initiation of Refunds May 6, 2022
Credit of Shares to Demat May 9, 2022
Listing Date May 10, 2022
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Rainbow Children Medicare IPO Lot Size

The Rainbow Children Medicare IPO lot size is 27 shares.

Application Lots Shares Amount
Retail (Min) 1 27 ₹14,634
Retail (Max) 13 351 ₹190,242
Lot Size Calculator

Rainbow Children Medicare IPO Promoter Holding

Dr. Ramesh Kancharla, Dr. Dinesh Kumar Chirla and Dr. Adarsh Kancharla are the company promoters.

Pre Issue Share Holding 62.19%
Post Issue Share Holding 49.83%

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Millions)
31-Dec-21 31-Dec-20 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 12,397.56 10,762.22 10,812.67 10,192.37 9,263.96
Total Revenue 7,740.62 4,942.93 6,603.10 7,297.37 5,511.44
Profit After Tax 1,264.13 385.25 395.68 553.40 445.90

Rainbow Children Medicare IPO Review (Apply)

[Dilip Davda]  RCML’s major thrust is towards child care health services and is gaining momentum. Based on its FY22 annualized earnings the issue is priced at a P/E of around 43.5 making it a reasonably priced offer. The company is also a dividend-paying company. Investors may consider an investment with a short to long term perspective. Read detail review...

Rainbow Children Medicare IPO Subscription Status (Bidding Detail)

The Rainbow Children Medicare IPO is subscribed 12.43 times on Apr 29, 2022 5:00:00 PM. The public issue subscribed 1.38 times in the retail category, 38.90 times in the QIB category, and 3.73 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Rainbow Children Medicare IPO Prospectus

Rainbow Children Medicare IPO Rating

Rating:Rated 3.9 stars
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Rainbow Children Medicare IPO Listing Details

Listing Date May 10, 2022
BSE Script Code 543524
ISIN INE961O01016
IPO Price ₹542 per share

Listing Day Trading Information

Price Details
IPO Price
Last Trade

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Company Contact Information

Rainbow Children's Medicare Limited
Survey No. 403,
Banjara Hills, Hyderabad – 500 034
Phone: + 91 40 49692244
Email: companysecretary@rainbowhospitals.com
Website: https://www.rainbowhospitals.in/

Rainbow Children Medicare IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: rcml.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Rainbow Children Medicare IPO Analysis

Rainbow Children Medicare IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 4 1 0
Members 19 4 4

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Rainbow Children Medicare IPO FAQs

Rainbow Children Medicare IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,580.85 Crores. The issue is priced at ₹516 to ₹542 per share. The minimum order quantity is 27 Shares.

The IPO opens on Apr 27, 2022, and closes on Apr 29, 2022.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Rainbow Children Medicare IPO using UPI as a payment gateway. Zerodha customers can apply in Rainbow Children Medicare IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Rainbow Children Medicare IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Rainbow Children Medicare IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

Rainbow Children Medicare IPO lot size is 27 Shares and the minimum order quantity is .

You can apply in Rainbow Children Medicare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Rainbow Children Medicare IPO will be done on May 5, 2022, and the allotted shares will be credited to your demat account by May 9, 2022. Check the Rainbow Children Medicare IPO allotment status.

The Rainbow Children Medicare IPO listing date is on May 10, 2022.
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Rainbow Children Medicare IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



565. IPOHNILEARN |   Link |Jun 2, 2022 9:49:19 PM
Appollo 24/7 is weighing down on Apollo hostpitals, sector weakness for time being, soon it will cross 500+
564. Dhruv modi |   Link |May 30, 2022 6:41:26 PM
As I said yesterday PAT compared to YOY are excellent and same reaction market given by touched 508 and many weak hands sold at LOSS.
Now it should be easily touch 550(my 1st target) in next 1-2 days.
564.5. Have Faith 🙏 |   Link |Jun 1, 2022 9:59:34 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Delhivery listed in premium,emudra also listed in premium and this rainbow is still 10 percent down from its issue price
564.6. Have Faith 🙏 |   Link |Jun 1, 2022 3:28:40 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@dinesh forget issue price not even able to sustain 500 …..today 4 percent down below 480….worst ipo amongst all ipo which came with rainbow
563. Dr Jay Pandya MDS |   Link |Jun 1, 2022 12:29:51 PM
Hello everyone. Did any one get the dividend for rainbow children’s Medicare ipo? If not, when can it be expected? Because in zerodha it was showing earning released on 27th
562. Vipin Agarwal |   Link |May 30, 2022 9:49:29 AM
Today exited my after market position in Rainbow @484.

Had sold my IPO earlier on listing earlier at loss... Than entered the share later when the prices were low. Now am exiting this share for going to more liquid share.

562.1. Avenue |   Link |May 30, 2022 1:50:26 PM
sold some @ 506 today
562.2. Vipin Agarwal |   Link |May 30, 2022 3:23:49 PM
Thats the things... I liquidated at 484 and now it jumped to 508... Well no regrets as I made money in piramal enterprises instead.. had entered at 1667 yesterday and again today.... its up by almost 8% now... keep a target of around 1825
561. IPOHNILEARN |   Link |May 27, 2022 9:45:31 PM
Result Inferences :
Refer Consolidated Results, not standalone.
FY-22 EPS : 14.45, PE works out 34.2 ( not really cheap)
Net margin 14.2% when compared to 9MFY22 (16.6%) , not so good
FY22 - Q4 Operating revenue - 213 Cr ( where 9M average works out 254 cr) - Miss
FY22 - Q4 - PAT 12.7 Cr ( where 9M average works out 42Cr) - Miss
not sure whether Omicron scare lead to lower occupancy and ARPOB, need to look at their investor presentation details
561.2. IPOHNILEARN |   Link |May 27, 2022 10:21:43 PM
@Ipowala - we can not compare YoY results on account of Covid-19 impact last year. best is to compare average 9MFY22
Few green shoots : AOLSS is 2.83 compared to 3 and it is 4.79 for KIMS ( In-line)
: ARPOB ~45,711 ( in Line)
: IP Volume ( In line)
Occupancy : 44.59% (Miss)
Op Volume : yet to reach Pre-covid levels
EBITA down : 400 bps ( compared to (9MFY22) - Miss
it seems to be mixed set of results.
But not so great .
perhaps we need to watch Q1 and take a call, dificult climb IPO price with this set of results
561.3. IPOHNILEARN |   Link |May 27, 2022 10:57:25 PM
Earnings concall is scheduled on Monday (30th), let us watch for management commentary . since Omicron dragged the occupancy level to 44.59%, and more over FY22-Q4 net margin is close to FY-21, we need to give one time exception. its closest peer KIMS is trading ~ 30 PE and it's OM/NM are more than Rainbow, do not think so it can sustain current at 34.19 PE, perhaps in range bound for quite some time. but some of the Operating metrics are too good like ALOS, ARPOB etc. since occupancy is not even half, hence more potential for top line.
Delivery volume also more or less same for FY21/22.
it is HOLD
560. Trump.in |   Link |May 27, 2022 10:37:58 PM
Simple analysis, EPS 15.18 and standard PE medical industry as per May 22 data is 38.75. it means it's price should be Rs.588. It's still cheaper grab it for Rs.95 gain from current price. Never compare Q3 & Q4 numbers due to normally child birth high in Q3 compare to Q4. Monday it go up to 512 level and in long term it's 588.
559. Vultureee |   Link |May 27, 2022 9:38:04 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)

REVENUE UP 30 % AT 212 CR (YOY), DOWN 15 %(QOQ)

EBITDA UP 75 % AT 48 CR (YOY), DOWN 43 % (QOQ)

MARGINS AT 22.5 % V 16.2 % (YOY), 33.8 % ,(QOQ)

559.1. Dhruv modi |   Link |May 27, 2022 10:01:00 PM
PAT Results are excellent as compared to YOY(144.43 vs 45.67)which is the key.
It is very positive and will touch 550 on Monday...
559.2. Gaurav DD dimer |   Link |May 27, 2022 10:21:18 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Don't know market will treat this result as positive or negative.
But even if this treated as positive, then also 550 on Monday, not looking possible.
(There are lot of impatient seller's waiting for above 500 levels)

so its takes time to reach there.
558. Dinesh Singh |   Link |May 27, 2022 8:54:45 PM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
Waiting for good results to exit.
Fingers state 🤲 not crossed🤞.
I think state is better than crossed.
558.3. Ravu |   Link |May 27, 2022 9:40:37 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
PAT for 9M was 126Cr + (Looks exaggerated income)
PAT for 12M(Y) 138Cr

So in current quarter only 12Cr

Our loss will widen , should have exited .
558.4. Dinesh Singh |   Link |May 27, 2022 9:49:34 PM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
Don't worry 😉.
Some times market read the result in different way.
Let's hope it will not go down from current level.
557. IPO BHAKT |   Link |May 27, 2022 9:27:34 PM
EPS for full-year 16 and pE - 32
556. UjwalG |   Link |May 27, 2022 9:14:04 PM (200+ Posts)
QoQ decreased revenue, profit. YoY increased on both the fronts. 2rs dividend
555. IPOHNILEARN |   Link |May 27, 2022 8:52:39 PM
need to watch out for key takeaways such as ARPOB, EBITDA / PAT margins, IP/OP volume growth both QoQ/YoY, ALOS etc
554. Gagz |   Link |May 27, 2022 4:02:59 PM

Any update on the results?
554.3. CoolAsh |   Link |May 27, 2022 6:02:13 PM (200+ Posts)
* Fingers crossed
554.4. IPOHNILEARN |   Link |May 27, 2022 8:27:09 PM
not yet
553. IPOHNILEARN |   Link |May 27, 2022 3:03:18 PM
Results not yet declared. fingers crossed
552. IPOHNILEARN |   Link |May 26, 2022 8:13:05 PM
let us compare it's results with its closet peer KIMS and take a final call
551. NaveenM |   Link |May 26, 2022 11:42:42 AM
I am positive about this company. I am holding my allotment.
551.3. NaveenM |   Link |May 26, 2022 5:28:14 PM
@Nand Kishore Parwal , There is nothing to feel negative. Ups & Downs are part of the market movement. If we have strong belief in the fundamentals of the company the market movements do not affect us.

I regret for not picking up some more at 410. I already have nearly 5 lakhs worth of shares & didn't want to keep all my eggs in single basket.
551.4. ultrasnow |   Link |May 26, 2022 6:14:03 PM
IPO Mentor IPO Mentor (500+ Posts, 900+ Likes)
Holding two allotted retail lots, bullish on this sector
550. MehulStk |   Link |May 26, 2022 1:27:08 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@MRavi Sir, Ranibow started showing some colours now 😀 crossed 490 today in such market condition. Hope it will cross its listing price soon.
550.1. Ravu |   Link |May 26, 2022 1:48:39 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Board meeting is on tomorrow for earning release along with dividend.
My guess is it will cross 500 by tomorrow (it can be today also).
Lot of selling pressure will be there once it crossed 500 , hope that it will cross issue price soon.
550.2. Have Faith 🙏 |   Link |May 26, 2022 3:29:37 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@Ravu today it touched high of 496 ….i was also hoping that it will cross 500 but it didn’t……if results are good then it will easily cross it issue price otherwise it will be difficult
549. Nilaykumar |   Link |May 25, 2022 7:46:53 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Who is gone through rhp study and applied because of good balance sheet and positive?
548. IPOHNILEARN |   Link |May 23, 2022 9:29:19 PM
sick stock, one day up and another day down, will it reach it's IPO issue price?
548.1. SARIT |   Link |May 23, 2022 9:35:46 PM
Will not reach it in the next 3 months. Was highly priced.
547. IPOHNILEARN |   Link |May 22, 2022 8:09:28 PM
inching towards 500, at least until results, it may be range bound
546. Stockoholic• |   Link |May 18, 2022 12:03:45 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
Operator game totally..😀
546.1. arunARUN |   Link |May 22, 2022 4:43:24 PM
IPO Guru IPO Guru (1600+ Posts, 1400+ Likes)
name them
546.2. Stockoholic• |   Link |May 23, 2022 4:38:34 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
Stock movement was evidence of it..if you hv more knowledge of stock market good for u..