Bookbuilding IPO | ₹1,581 Cr | Listed at BSE, NSE | Wed, Apr 27, 2022 - Fri, Apr 29, 2022
Rainbow Children's Medicare IPO is a book build issue of ₹1,580.85 crores. The issue is a combination of fresh issue of 0.52 crore shares aggregating to ₹280.07 crores and offer for sale of 2.40 crore shares aggregating to ₹1,300.78 crores.
Rainbow Children's Medicare IPO bidding started from Apr 27, 2022 and ended on Apr 29, 2022. The allotment for Rainbow Children's Medicare IPO was finalized on May 5, 2022. The shares got listed on BSE, NSE on May 10, 2022.
Rainbow Children's Medicare IPO price band is set at ₹542 per share. The lot size for an application is 27. The minimum amount of investment required by an retail is ₹14,634 (27 shares) (based on upper price). The lot size investment for sNII is 14 lots (378 shares), amounting to ₹2,04,876, and for bNII, it is 69 lots (1,863 shares), amounting to ₹10,09,746.
The issue includes a reservation of up to 3,00,000 shares for employees offered at a discount of ₹20.00 to the issue price.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Rainbow Children's Medicare IPO RHP for detailed Information.
IPO Open
Wed, Apr 27, 2022
IPO Close
Fri, Apr 29, 2022
Issue Price
₹542 per share
Market Cap (Pre-IPO)
₹5,501.30 Cr
| IPO Date | 27 to 29 Apr, 2022 |
| Listed on | Tue, May 10, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹516 to ₹542 |
| Issue Price | ₹542 per share |
| Lot Size | 27 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹20.00 |
| Total Issue Size | 2,91,68,579 shares (agg. up to ₹1,581 Cr) |
| Fresh Issue | 51,67,679 shares (agg. up to ₹280 Cr) |
| Offer for Sale | 2,40,00,900 shares of ₹10 (agg. up to ₹1,301 Cr) |
| Share Holding Pre Issue | 9,63,34,008 shares |
| Share Holding Post Issue | 10,15,11,129 shares |
| BSE Script Code / NSE Symbol | 543524 / RAINBOW |
| ISIN | INE961O01016 |
Rainbow Children's Medicare IPO offers total 2,91,78,021 shares. Out of which 1,44,39,009 (49.49%) allocated to QIB, 57,75,605 (19.79%) allocated to QIB (Ex- Anchor), 43,31,704 (14.85%) allocated to NII 1,01,07,308 (34.64%) allocated to RII and 86,63,404 (29.69%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 1,44,39,009 (49.49%) | NA |
| − Anchor Investor Shares Offered | 86,63,404 (29.69%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 57,75,605 (19.79%) | NA |
| NII (HNI) Shares Offered | 43,31,704 (14.85%) | NA |
| − bNII > ₹10L | 28,87,803 (9.90%) | 7,639 |
| − sNII < ₹10L | 14,43,901 (4.95%) | 3,819 |
| Retail Shares Offered | 1,01,07,308 (34.64%) | 3,74,344 |
| Employee Shares Offered | 3,00,000 (1.03%) | NA |
| Total Shares Offered | 2,91,78,021 (100.00%) |
Investors can bid for a minimum of 27 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,634 |
| Retail (Max) | 13 | 351 | ₹1,90,242 |
| S-HNI (Min) | 14 | 378 | ₹2,04,876 |
| S-HNI (Max) | 68 | 1,836 | ₹9,95,112 |
| B-HNI (Min) | 69 | 1,863 | ₹10,09,746 |
Rainbow Children's Medicare IPO raises ₹469.56 crore from anchor investors. Rainbow Children's Medicare IPO Anchor bid date is April 26, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Apr 26, 2022 |
| Shares Offered | 86,63,404 |
| Anchor Portion (₹ Cr.) | 469.56 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jun 4, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Aug 3, 2022 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Early redemption of NCDs issued by the Company to CDC Emerging Markets Limited (“CDCEML”), one of the Group Companies, in full | 40.00 |
| 2 | Capital expenditure towards setting up of new hospitals and purchase of medical equipment for such new hospitals | 170.00 |
| 3 | General corporate purposes | 56.20 |
| KPI | |
|---|---|
| ROE | 8.82 |
| ROCE | 10.48 |
| Debt/Equity | 0.11 |
| RoNW | 8.88 |
| PAT Margin | 6.10% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.36 | |
| P/E (x) | 43.53 | |
| Promoter Holding | 62.19% | 49.83% |
| Market Cap | ₹5,501.30 Cr. |
The Rainbow Children Medicare IPO is subscribed 12.43 times on April 29, 2022 5:00:00 PM (Day 3). The public issue subscribed 1.38 times in the retail category, 38.9 times in the QIB category, and 3.73 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 38.9 | 57,75,605 | 22,46,97,591 |
| NII | 3.73 | 43,31,704 | 1,61,62,740 |
| Retail | 1.38 | 1,01,07,308 | 1,39,51,332 |
| Employee | 0.31 | 3,00,000 | 92,124 |
| Total | 12.43 | 2,05,14,617 | 25,49,03,787 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs including underwriting commission, brokerage and selling commission, as applicable | 37.31 |
| 2 | Advertising and marketing expenses | 9.83 |
| 3 | Printing and stationery expenses | 2.12 |
| 4 | Fees payable to Registrar to the Offer | 0.10 |
| 5 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 4.74 |
| 6 | Others (Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses, fees for the legal counsel, Statutory Auditor, and the Independent Chartered Accountant appointed for the purpose of the Offer etc.) | 23.81 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹542.00 | ₹542.00 |
| Open | ₹506.00 | ₹510.00 |
| Low | ₹421.00 | ₹421.65 |
| High | ₹519.35 | ₹517.90 |
| Last Trade | ₹450.10 | ₹450.20 |
Rainbow Children's Medicare IPO is a main-board IPO of 2,91,68,579 equity shares of the face value of ₹10 aggregating up to ₹1,581 Crores. The issue is priced at ₹542 per share. The minimum order quantity is 27.
The IPO opens on Wed, Apr 27, 2022, and closes on Fri, Apr 29, 2022.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Rainbow Children's Medicare IPO using UPI as a payment gateway. Zerodha customers can apply in Rainbow Children's Medicare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rainbow Children's Medicare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rainbow Children's Medicare IPO opens on Wed, Apr 27, 2022 and closes on Fri, Apr 29, 2022.
Rainbow Children's Medicare IPO lot size is 27, and the minimum amount required for application is ₹14,634.
You can apply in Rainbow Children's Medicare IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rainbow Children's Medicare IPO will be done on Thursday, May 5, 2022, and the allotted shares will be credited to your demat account by Mon, May 9, 2022. Check the Rainbow Children's Medicare IPO allotment status.
The Rainbow Children's Medicare IPO listing date is on Tue, May 10, 2022.
