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Rainbow Children Medicare IPO is a book built issue of Rs 1,580.85 crores. The issue comprises of fresh issue of Rs 280.00 crore and offer for sale of 2.4 crore shares.
Rainbow Children Medicare IPO bidding started from April 27, 2022 and ended on April 29, 2022. The allotment for Rainbow Children Medicare IPO was finalized on Thursday, May 5, 2022. The shares got listed on BSE, NSE on May 10, 2022.
Rainbow Children Medicare IPO price band is set at ₹516 to ₹542 per share. The minimum lot size for an application is 27 Shares. The minimum amount of investment required by retail investors is ₹14,634.
The issue includes a reservation of up to 300,000 shares for employees offered at a discount of Rs 20 to the issue price.
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and Iifl Securities Ltd are the book running lead managers of the Rainbow Children Medicare IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Rainbow Children Medicare IPO RHP for detailed information.
| IPO Date | April 27, 2022 to April 29, 2022 |
| Listing Date | May 10, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹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 Sale | 24,000,900 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 offers 28,866,000 shares. 14,433,000 (50.00%) to QIB, 4,330,000 (15.00%) to NII, 10,103,000 (35.00%) to RII, 300,000 (1.04%) to employees. 374,185 RIIs will receive minimum 27 shares and (sNII) and (bNII) will receive minimum 378 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 14,433,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 4,330,000 (15.00%) | |
| Retail Shares Offered | 10,103,000 (35.00%) | 374,185 |
| Employee Shares Offered | 300,000 (1.04%) | NA |
| Total Shares Offered | 28,866,000 (100%) |
Rainbow Children Medicare IPO opens on April 27, 2022, and closes on April 29, 2022.
| IPO Open Date | Wednesday, April 27, 2022 |
| IPO Close Date | Friday, April 29, 2022 |
| Basis of Allotment | Thursday, May 5, 2022 |
| Initiation of Refunds | Friday, May 6, 2022 |
| Credit of Shares to Demat | Monday, May 9, 2022 |
| Listing Date | Tuesday, May 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 29, 2022 |
Investors can bid for a minimum of 27 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,634 |
| Retail (Max) | 13 | 351 | ₹190,242 |
| Lot Size Calculator | |||
Dr. Ramesh Kancharla, Dr. Dinesh Kumar Chirla and Dr. Adarsh Kancharla are the company promoters.
| Share Holding Pre Issue | 62.19% |
| Share Holding Post Issue | 49.83% |
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:
| 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 |
The market capitalization of Rainbow Children Medicare IPO is Rs 5501.3 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 43.53 |
The company propose to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[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...
The Rainbow Children Medicare IPO is subscribed 12.43 times on April 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)
| Category | Subscription (times) |
|---|---|
| QIB | 38.90 |
| NII | 3.73 |
| Retail | 1.38 |
| Employee | 0.31 |
| Total | 12.43 |
| Listing Date | May 10, 2022 |
| BSE Script Code | 543524 |
| NSE Symbol | RAINBOW |
| ISIN | INE961O01016 |
| Final Issue Price | ₹542 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹542.00 |
| ₹506.00 |
| ₹421.00 |
| ₹519.35 |
| ₹450.10 |
| NSE |
|---|
| ₹542.00 |
| ₹510.00 |
| ₹421.65 |
| ₹517.90 |
| ₹450.20 |
Rainbow Children's Medicare Limited
8-2-120/103/1,
Survey No. 403,
Banjara Hills, Hyderabad – 500 034
Phone: + 91 40 49692244
Email: companysecretary@rainbowhospitals.com
Website: https://www.rainbowhospitals.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: rcml.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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 April 27, 2022, and closes on April 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
Visit Zerodha IPO Application Process Review for more detail.
The Rainbow Children Medicare IPO opens on April 27, 2022 and closes on April 29, 2022.
Rainbow Children Medicare IPO lot size is 27 Shares, and the minimum amount required is ₹14,634.
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 Thursday, May 5, 2022, and the allotted shares will be credited to your demat account by Monday, May 9, 2022. Check the Rainbow Children Medicare IPO allotment status.
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