Rainbow IPO Review, Dates & Financial Details 2022

The Rainbow IPO which is the Children’s Medicare Hospital chain will hit the market soon, and you can apply for the IPO from 27th April to 29th April 2022. Rainbow Children’s Medicare is planning to raise ₹1,595.59 Crores through an IPO which consists of an OFS (Offer For Sale) worth 24 million equity shares by existing shareholders and a fresh issue of ₹280 Crores. 

In 1999 Rainbow Children’s Medicare started its first pediatric specialty hospital in Hyderabad. Now as of 2022 they operate 14 hospitals and three clinics in six cities, with a bed capacity of 1500 beds. 

They offer a wide range of services in a pediatric specialty, newborn and pediatric care, obstetrics and gynecology, perinatal genetics, fertility care, and multidisciplinary fetal care.

Rainbow Children’s Medicare operates a full-time doctor model as in pediatric and newborn cases there can be an emergency. They have 600+ full-time doctors and 1682 part-time doctors. 

Rainbow IPO
Rainbow IPO

Rainbow IPO Dates & Price Band:

Open date27th April 2022
Close date29th April 2022
Total Size of IPO₹1,595.59 Cr.
Fresh Issue ₹280 Cr.
Offer for Sale₹1315.59 Cr.
Price Band₹516- ₹542
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

Rainbow IPO Market Lot:

The minimum market lot of Rainbow IPO is 27 shares with 14,634 applications. Retail investors can apply for 13 lots with 51 shares application worth1,90,242.

ApplicationLotSharesCut Off Amount
Minimum (RII)127₹14,634
Maximum (NII)1351190,242

Should you subscribe to Rainbow IPO?

We have researched and mentioned the strengths and risks of the Rainbow IPO. The final verdict will help you make the right decision.

Strength – 

  • An experienced team of doctor promoters has the ability to create and operate specialized child hospitals. 
  • These hospitals operate a hub-and-spoke model to ensure better services to patients when needed. 
  • Strong track record of financial records.

Honest Reviews – 

RCML is focused on the child care health sector and wants to set up more hospitals in the upcoming year. The financial records and operations of the company seem well. Experienced doctor promoters are the advantage of Rainbow Children’s Medicare hospitals. 

Investors can invest in the listing gains in the Rainbow Children’s Medicare IPO. It’s early to predict but the Rainbow Children’s Medicare IPO can give great listing gains. You can keep a track of Rainbow Children’s Medicare IPO GMP here.

Objectives IPO – 

  • Early redemption of NCDs issued by our company in full. 
  • For the expansion of new hospitals and purchasing setup requirements. 
  • For general corporate purposes.

Rainbow IPO Allotment & Listing Dates:

Rainbow IPO’s open date is 27th April and the closing date is 29th April. Allotment of shares will be done on 5th May and the listing date on NSE & BSE is 6th May 2022.

Allotment Date for Rainbow Children’s Medicare- 5th May 2022
Refund Date for Rainbow Children’s Medicare – 6th May 2022
Credit of Shares to Demat Account 9th May 2022
Listing Date for Rainbow Children’s Medicare – 10th May 2022

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of Rainbow IPO:

The financials of Rainbow Children’s Medicare are good. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
201955149444.58
2020 73163555.34
2021 66060539.12
2022 9M778602126.41

Rainbow IPO FAQs:

When will Rainbow IPO open for Investors?

Rainbow IPO will open on 27th April 2022 and will close on 29th April 2022.

What is Rainbow IPO Retail Portion?

The portion allocated for retail investors in Vedant Fashions IPO is 35%

How to apply for Rainbow IPO?

You can apply Rainbow IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in Rainbow IPO?

RCML is focused on the child care health sector and wants to set up more hospitals in the upcoming year. The financial records and operations of the company seem well. Experienced doctor promoters are the advantage of Rainbow Children’s Medicare hospitals. 

What is the allotment date for Rainbow Children’s Medicare shares?

5th May 2022 is the allotment date for Rainbow shares.

What is the listing date for Rainbow IPO?

10th May 2022 is the listing date for Rainbow. It will be listed on NSE and BSE.

What is the cutoff price for Rainbow IPO?

The cutoff price for Rainbow IPO is ₹542 per share.

Will Rainbow IPO give listing gains?

Investors can invest for the listing gains in the Rainbow IPO. It’s early to predict but Rainbow IPO can give great listing gains by seeing its grey market premium. You can keep a track of  Rainbow GMP here.

How to Apply the Rainbow IPO through Upstox?

Open UPSTOX ACCOUNT. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Rainbow Children’s Medicare Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.

Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO fprms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding the financials and discussing them with your financial advisor.
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