Rainbow Children’s Medicare Limited IPO Details, Rainbow IPO
Table of Contents
Company All Details
Founded
1998
Managing Director
Managing Director of The Company, Ramesh Kancharla.
Company Promoters:
Promoters of the Company, DR. RAMESH KANCHARLA, DR. DINESH KUMAR CHIRLA AND DR. ADARSH KANCHARLA
About the company.
The Company was originally incorporated as ‘Rainbow Children’s Medicare Private Limited’ under the provisions of the Companies Act, 1956, as a private limited company, at Hyderabad, Telangana, pursuant to a certificate of incorporation dated August 7, 1998, issued by the Registrar of Companies, Hyderabad at Telangana (“RoC”). Subsequently, The Company was converted into a public limited company, and the name of The Company was changed to ‘Rainbow Children’s Medicare Limited’ pursuant to a special resolution passed by the Shareholders of the Company on November 3, 2021 and a fresh certificate of incorporation was consequently issued by the RoC on November 20, 2021 under the Companies Act, 2013. For further details in relation to the changes to the name of the Company and the Registered Office, see “History and Certain Corporate Matters” on RHP.
Rainbow Children’s Medicare Limited is a leading multi-specialty pediatric and obstetrics and gynecology hospital chain in India, operating 14 hospitals and three clinics in six cities, with a total bed capacity of 1,500 beds, as of December 31, 2021. According to the CRISIL Report (which was commissioned and paid for by the Company in relation to the Offer), it has the highest number of hospital beds amongst comparable players in the maternity and pediatric healthcare delivery sector, as of March 31, 2021. Its core specialties are pediatrics, which includes newborn and pediatric intensive care, pediatric multispecialty services, pediatric quaternary care (including multi organ transplants); and obstetrics and gynecology, which includes normal and complex obstetric care, multi-disciplinary fetal care, perinatal genetic and fertility care.
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Objects Of The Offer:
- Early redemption of NCDs issued by our Company, in full;
- Capital expenditure towards setting up of new hospitals and purchase of medical equipment for such new hospitals; and
- General corporate purposes.
Rainbow Children’s Medicare Limited IPO Details:
Issue Amount : Upto Rs 1,581 Cr
Post Issue Implied Market Cap: Upto ₹ Cr at Upper band
Total shares on offer : Upto #24,000,900 Equity Shares
Face Value : ₹10 per share
Price Band : ₹516 to ₹542
Lot Size : 27 shares
IPO Registrar : KFin Technologies Private Limited.
Rainbow Children’s Medicare Limited IPO Timeline, IPO Open Date, Listing Date, Refund Date
| IPO Open Date | April 27, 2022 |
| IPO Close Date | April 29, 2022 |
| Time | 10 AM to 5 PM |
| Basis of Allotment Date | May 05, 2022 |
| Initiation of Refunds | May 6, 2022 |
| Credit of Shares to Demat Account | May 7, 2022 |
| IPO Listing Date (Trading commence) NSE & BSE | May 10, 2022 |
Offer Breakup
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | 50% |
| Non Institutional Byers (NIB) | 15% |
| Retail Individual Investor (RII) | 35% |
| Employee | – |
Important Financial Data:
For the year/period ended (₹ in Crore) Last Three Year
| Particulars (in ₹ Crore) | As at March 31, 2021 | As at March 31, 2020 | As at March 31, 2019 |
|---|---|---|---|
| Total Assets | 1,081 | 1,019 | 926 |
| Total Revenue | 660 | 730 | 551 |
| Net Profit & Loss for the period | 40 | 55 | 45 |
Prospectus Document:
Download RHP File
Download DRHP File
What is Rainbow Children’s Medicare Limited IPO?
Issue Amount : Upto Rs 1,581 Cr.
What is Rainbow IPO?
Rainbow is a main-board IPO. They are going to raise ₹1,581 Crores via IPO. The issue is priced at ₹516 to ₹542 per equity share. The IPO is to be listed on BSE & NSE.
Rainbow Children’s Medicare Limited IPO Open?
27 April 2022 to 29 April 2022.
When Rainbow Children’s Medicare Limited IPO Will open?
The IPO is to open on 27 April 2022 for QIB, NII, and Retail Investors.
Registered Office
Registered Office: 8-2-120/103/1,
Survey No. 403, Road No. 2,
Banjara Hills, Hyderabad – 500 034, Telangana, In.
Telephone: + 91 40 49692244
Corporate Office: 8-2-19/1/A,
Daulet Arcade, Road No. 11, Banjara Hills,
Hyderabad – 500 034, Telangana,
Telephone: +91 40 49692244
Contact Person: Ashish Kapil, Company Secretary and Compliance Officer
E-mail: companysecretary@rainbowhospitals.com;
Website: www.rainbowhospitals.in;
Corporate Identity Number: U85110TG1998PLC029914
Rainbow Medicare IPO REGISTRAR
KFin Technologies Private Limited (formerly known
as Karvy Fintech 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
Investor Grievance E-mail ID: einward.ris@kfintech.com
Contact Person: M Murali Krishna
SEBI Registration Number: INR000000221
How to apply on Zerodha, Rainbow Children’s Medicare Limited IPO through Zerodha?
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Rainbow Children’s Medicare Limited IPO by login into Zerodha Console (back office) and Select an I.P.O application form.
Steps to apply in Rainbow Children’s Medicare Limited IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Rainbow Children’s Medicare Limited IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can chek status on zerodha console.