Rainbow Medicare IPO GMP, IPO Date, Overview 2022
Rainbow Medicare IPO: Rainbow Medicare IPO GMP (Rainbow Medicare Grey Market Premium), Rainbow Medicare IPO Date, Rainbow Medicare IPO Review, Rainbow Medicare IPO Benefits & Risks. We will update Rainbow Medicare GMP daily. Also, all information related to Rainbow Medicare IPO like price band, all dates, issue size and retail parts etc. All the important information about Rainbow Medicare IPO is given below.
Rainbow Medicare IPO
Rainbow Children’s Medicare Limited is a leading chain of multi-specialty pediatric, and obstetrics & gynecology hospitals in India. Rainbow Children’s Medicare Limited is operating 14 hospitals and three clinics in six cities, with a total bed capacity of 1,595 beds. Rainbow Medicare Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs - crore through IPO (Initial public offering).
Rainbow Medicare IPO will open on 27 April 2022 and close on 29 April 2022. The price band of the Rainbow Medicare IPO is ₹516 to ₹542. Rainbow Medicare Ltd is looking to raise around ₹1595 crores through an initial public offering (IPO). Rainbow Medicare IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Rainbow Medicare's IPO listing date is [-] 2022. You can know about Rainbow Medicare Limited IPO GMP (Grey Market Premium) below.
Rainbow Medicare has given good financial performance. The company has made a profit of ₹39.57 crores in the financial year 2021 (31 April 2021). Rainbow Medicare IPO Size is ₹1,595 crores. In this IPO, approx 24,000,900 equity shares will be sold under OFS (Offer for sale) and approx ₹280 Crores worth of equity shares will be sold under fresh issue. The IPO of Rainbow Medicare will be listed on NSE and BSE. Rainbow Medicare's IPO face value is ₹10 per equity share.
We will talk about Rainbow Medicare's financial, benefits, and risks of investing in the company.
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What is Rainbow Medicare IPO GMP Today?
Rainbow Medicare IPO GMP is ₹40.
What is the Rainbow Medicare IPO Date?
Rainbow Medicare IPO Opening date is 27 April 2022.
What is Rainbow Medicare IPO Expected Return?
Rainbow Medicare IPO Expected Returns is approx 15%.
About Rainbow Medicare Limited
Rainbow Children's Medicare Limited established its first Pediatric Hospital in Hyderabad in the year 1999. Since then, the company has emerged as a leader in multi-specialty pediatric services, with strong clinical expertise in the management of complex diseases. Simultaneously, the company has expanded its operations to include obstetrics and gynecology services.
Rainbow Children's Medicare Limited is a leading chain of multispecialty pediatric, obstetrics and gynecology hospitals in India. The company operates 14 hospitals and three clinics with a total bed capacity of 1,500 beds in approximately six cities. The main specialties of the company are the treatment of Pediatrics Obstetrics and Gynecology.
The company's major pediatric services include Neonatal and Pediatric Intensive Care, Pediatric Multispecialty Services, etc. In addition, the company's core obstetrics and gynecology services include general and complex obstetric care, multidisciplinary fetal care, and perinatal genetic and reproductive care.
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Purpose of the offer
- The company in its offer is offering fresh equity shares worth Rs 280 crore and an offer for sale (OFS) of 24,000,900 equity shares by the promoters.
- To prepay/repay all or a part of the dues raised by the company.
- To meet general corporate objectives.
Rainbow Medicare GMP Today (Grey Market Premium)
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 09 May | ₹ | ₹ | ₹ |
| 08 May | ₹ | ₹ | ₹ |
| 07 May | ₹20 | ₹300 | ₹600 |
| 06 May | ₹20 | ₹300 | ₹600 |
| 05 May | ₹20 | ₹300 | ₹600 |
| 04 May | ₹40 | ₹300 | ₹600 |
| 03 May | ₹40 | ₹300 | ₹600 |
| 02 May | ₹30 | ₹300 | ₹600 |
| 01 May | ₹30 | ₹300 | ₹600 |
| 30 April | ₹30 | ₹300 | ₹600 |
| 29 April | ₹30 | ₹300 | ₹600 |
| 28 April | ₹20 | ₹300 | ₹600 |
| 27 April | ₹20 | ₹300 | ₹600 |
| 26 April | ₹50 | ₹300 | ₹600 |
| 25 April | ₹50 | ₹- | ₹- |
| 24 April | ₹50 | ₹- | ₹- |
| 23 April | ₹50 | ₹- | ₹- |
| 22 April | ₹50 | ₹- | ₹- |
| 21 April | ₹50 | ₹- | ₹- |
👉🏻 Check Other IPO GMP (Grey MarketPremium).
Rainbow Medicare IPO Date and Price Band Details
Rainbow Medicare IPO open date: 27 April 2022, Closing date: 29 April 2022, and Listing date: 10 May 2022. The price band of Rainbow Medicare IPO is ₹516 to ₹542 per share. Rainbow Medicare's IPO issue size is Rs 1595 crores. Rainbow Medicare Ipo retails portion is 35%, QIB Portion is 50%, and NII Portion is 15%.
| IPO Open: | 27 April 2022 |
| IPO Close: | 29 April 2022 |
| Listing Date: | 10 May 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹1559 Crores |
| Fresh Issue: | Approx ₹280Crores |
| Offer For Sale: | Approx 24,000,900 Eq. Shares |
| Price Band: | ₹516 to ₹542 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Rainbow Medicare IPO Market Lot & Size
Rainbow Medicare IPO's minimum lot size is - shares with ₹- application amount and the maximum lot size are - shares with ₹- application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 27 Shares |
| Minimum Amount: | ₹14,634 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 351 Shares |
| Maximum Amount: | ₹190,342 |
Rainbow Medicare IPO Allotment & Listing Date
| Ipo Opening Date: | 27 April 2022 |
| IPO Closing Date: | 29 April 2022 |
| Basis of Allotment: | 05 May 2022 |
| Refund Date: | 06 May 2022 |
| Credit to Demat Account: | 09 May 2022 |
| Listing Date: | 10 May 2022 |
Rainbow Medicare IPO Review
HappiestPost View: To be updated.
Brokerage Firm IPO Reviews
- Motilal Oswal: To be updated
- ICICI Securities: To be updated
- Capital Market: To be updated
- Ventura Securities Limited: To be updated
- GEPL Capital Ltd: To be updated soon
Rainbow Medicare Ipo Review
[Not rated yet (To be updated)]
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company has an experienced management team and directors.
- The company had made a profit of ₹39.57 crore in the financial year 2021.
- The company primarily focuses on an integrated perinatal care of pediatrics, obstetrics, and gynecology treatments.
- Rainbow Medicare is a leading chain of multispecialty pediatric, and obstetrics and gynecology hospitals in India.
Risks
- The impact of the COVID-19 pandemic on the company is still unknown.
- The company's business could be impacted by challenges facing the healthcare sector.
- The promoters of the Company, and their subsidiaries, its directors and group companies are all involved in the ongoing legal proceedings.
- The company mainly works in the field of Children and Gynecology.
- The company is facing stiff competition from other hospitals.
Rainbow Medicare Financials
Rainbow Medicare Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| Mar 19 | ₹926.40 | ₹551.14 | ₹44.59 |
| Mar 20 | ₹1,019.24 | ₹729.74 | ₹55.34 |
| Mar 21 | ₹1,081.27 | ₹660.31 | ₹39.57 |
| Sep 21 | ₹1,179.77 | ₹519.59 | ₹81.22 |
Promoters
The promoters of the company are:
- Dr. Adarsh Kancharla
- Dr. Ramesh Kancharla
- Dr. Dinesh Kumar Chirla
Contact Details of Rainbow Medicare
Rainbow Children’s Medicare Limited
8-2-120/103/1, Survey No. 403,
Road No. 2, Banjara Hills,
Hyderabad – 500 034, Telangana,
Telephone: + 91 40496 92244
E-mail: companysecretary@rainbowhospitals.com
Website: www.rainbowhospitals.in
Rainbow Medicare Lead Managers
- IIFL Securities Limited
- J.P. Morgan India Private Limited
- Kotak Mahindra Capital Company Limited
Rainbow Medicare IPO Registrars
KFin Technologies Private Limited
Selenium, Tower-B
Plot 31 and 32, Financial District
Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032
Telangana, India
Telephone: +91 40 6716 2222
E-mail: rcml.ipo@kfintech.com
Website: www.kfintech.com
Conclusion
Looking at the financial position of Rainbow Children's Medicare Limited, the Company has a good financial track record. The company has made a profit of ₹39.57 crore in the financial year 2020. A big question is whether the company will continue to be profitable in the years to come. Our suggestion will be updated when Rainbow Children’s Medicare Limited IPO price band and other IPO details are announced. Rainbow Children’s Medicare Limited's financial statements and other information are given above.
Rainbow Medicare IPO FAQs
What is Rainbow Medicare IPO GMP Today?
Rainbow Medicare IPO GMP is ₹40 as of today.
What is Rainbow Medicare IPO Opening Date?
Rainbow Medicare IPO Opening date is 27 April 2022.
What is the Rainbow Medicare IPO Closing Date?
Rainbow Medicare IPO Closing date is 29 April 2022.
What is the Rainbow Medicare IPO Allotment date?
Rainbow Medicare IPO Allotment Date is 05 May 2022.
What is Rainbow Medicare IPO Listing Date?
Rainbow Medicare IPO Date is 10 May 2022.
What is Rainbow Medicare IPO Kostak Rate?
Rainbow Medicare IPO Kostak rate is ₹300.
What is Rainbow Medicare IPO Expected Returns?
Rainbow Medicare IPO Expected Returns is 15%.
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For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the Rainbow Medicare IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Rainbow Medicare Ltd".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
We hope you like this article about Rainbow Medicare IPO. If you have a query about Rainbow Medicare IPO Please post a comment.
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