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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 ₹542.00 per share . The lot size for an application is 27. The minimum amount of investment required by an retail is ₹13,932 (27 shares). 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 Date | April 27, 2022 to April 29, 2022 |
| Listing Date | May 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹516 to ₹542 per share |
| Issue Price Final | ₹542 per share |
| Lot Size | 27 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,91,68,579 shares (aggregating up to ₹1,580.85 Cr) |
| Fresh Issue | 51,67,679 shares (aggregating up to ₹280.07 Cr) |
| Offer for Sale | 2,40,00,900 shares of ₹10 (aggregating up to ₹1,300.78 Cr) |
| Employee Discount | ₹20.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 9,63,34,008 shares |
| Share Holding Post Issue | 10,15,11,129 shares |
Rainbow Children 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, 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 | Maximum 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%) |
| 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 IPO opens on April 27, 2022, and closes on April 29, 2022.
| IPO Open Date | Wed, Apr 27, 2022 |
| IPO Close Date | Fri, Apr 29, 2022 |
| Tentative Allotment | Thu, May 5, 2022 |
| Initiation of Refunds | Fri, May 6, 2022 |
| Credit of Shares to Demat | Mon, May 9, 2022 |
| Tentative Listing Date | Tue, May 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Apr 29, 2022 |
Investors can bid for a minimum of 27 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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's Medicare IPO is ₹5501.30 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...
| Listing Date | May 10, 2022 |
| BSE Script Code | 543524 |
| NSE Symbol | RAINBOW |
| ISIN | INE961O01016 |
| Final Issue Price | ₹542 per share |
| BSE Listing Group | B |
Rainbow Children's Medicare Ltd.
8-2-120/103/1,
Survey No. 403,
Banjara Hills, Hyderabad – 500 034
Hyderabad, Telangana
Phone: + 91 40 49692244
Email: companysecretary@rainbowhospitals.com
Website: https://www.rainbowhospitals.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: rcml.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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 ₹1,580.85 Crores. The issue is priced at ₹542 per share. The minimum order quantity is 27.
The IPO opens on April 27, 2022, and closes on April 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 April 27, 2022 and closes on April 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 Monday, May 9, 2022. Check the Rainbow Children's Medicare IPO allotment status.
The Rainbow Children's Medicare IPO listing date is on Tuesday, May 10, 2022.
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