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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.

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

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

Rainbow Children Medicare IPO Date Apr 27, 2022 to Apr 29, 2022
Rainbow Children Medicare IPO Face Value ₹10 per share
Rainbow Children Medicare IPO Price ₹516 to ₹542 per share
Rainbow Children Medicare IPO Lot Size 27 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹1,580.85 Cr)
Fresh Issue[.] shares of ₹10
(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
QIB Shares Offered50% of the net offer
Retail Shares Offered35% of the net offer
NII (HNI) Shares Offered15% of the net offer
Company Promoters

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

Rainbow Children Medicare IPO Timeline (Tentative Timetable)

Rainbow Children Medicare IPO opens on Apr 27, 2022, and closes on Apr 29, 2022. The Rainbow Children Medicare IPO bid date is from Apr 27, 2022 10.00 A.M. to Apr 29, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Rainbow Children Medicare IPO Opening Date Apr 27, 2022
Rainbow Children Medicare IPO 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
Rainbow Children Medicare IPO Listing Date May 10, 2022

Rainbow Children Medicare IPO Lot Size

The Rainbow Children Medicare IPO lot size is 27 shares. A retail-individual investor can apply for up to 13 lots (351 shares or ₹190,242).

Application Lots Shares Amount
Minimum 1 27 ₹14,634
Maximum 13 351 ₹190,242

Rainbow Children Medicare IPO Promoter Holding

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

Rainbow Children Medicare IPO Review

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...

New Rainbow Children Medicare IPO Recommendation by Members

Rainbow Children Medicare IPO Recommendations Details | Post Recommendation | Manage Recommendations

Subscribe Neutral Avoid
19 4 4

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)
QIB38.90
NII3.73
Retail1.38
Employee0.31
Total12.43

Rainbow Children Medicare IPO Prospectus

Rainbow Children Medicare IPO Rating

702
3.9
Rating:Rated 3.9 stars
Vote Here ...

Rainbow Children Medicare IPO Listing Date

Listing Date Tuesday, May 10, 2022
BSE Script Code 543524
NSE Symbol RAINBOW
Listing In B Group of Securities
ISIN INE961O01016
IPO Price ₹542 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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/

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 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, Edelweiss, 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 Tuesday, May 10, 2022.
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Rainbow Children Medicare IPO Message Board

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