Rainbow Children’s Medicare Limited IPO

Rainbow Children’s Medicare Limited IPO

Company Profile

Being India’s largest multi-specialty pediatric hospital chain, Rainbow Children’s Medicare Hospital started its operations in Hyderabad in 1999. They started themselves as pediatrics and now are a big multi-specialty hospital chain. Being into pediatric, obstetrics, and gynecology the company offers services including newborn and pediatric intensive care, pediatric multi-specialty services, pediatric Quaternary care, obstetric care, multidisciplinary fetal care, perinatal genetic and fertility care.

Business Information

As of September 30, 2021, the company holds 14 hospitals and 3 clinics in six cities with a capacity of 1500 beds. Moreover, the hospitals have onboard 602 full-time doctors and 1686 visiting doctors. The company ensured to have core specialists available 24/7 for children’s emergencies, intensive care services, etc. With 18+ years of experience in pediatric health care and obstetrics and gynecology, the company is heading forward to expand its operations further.

Facts About the Company
  • The first hospital of Rainbow Group established its 50-bed pediatric specialty in 1999 in Hyderabad by NRI doctor-turned entrepreneur Dr. Ramesh Kancharla.

  • Amongst all the existing competitors, Rainbow Group has the largest number of hospital beds in the maternity and pediatric healthcare sector.

  • The revenues of FY20 (Rs.719 Cr.) were higher than those of FY21 (Rs.650 Cr.). Seeing the growth prospects, the FY22’s half-year revenues are standing at Rs.513 Cr. And the net profits of the first half were Rs.81.22 Cr.
Points to note before investing in Rainbow Children’s Medicare Ltd. IPO
  • The company is backed by a UK-based CDC Group which started its operation in 1999 from Hyderabad.

  • The company focus on working with a doctor engagement model where the core specialist doctors work on a full-time basis to deal with all sort of emergencies neonatal and pediatric intensive care services.

  • Most of its hired doctors are either trained or are qualified from the United Kingdom, United States, Canada, and Australia, which helps the hospital chain for better recognition in terms of services.

  • Also, it holds strong experience in clinical medicare in complex diseases and is one of the leading hospital chains in multi-specialty healthcare.

  • It also possesses a growing track record of its operational and financial performance in all the services that it renders.

  • The company holds a strong base in terms of having senior management and has strong institutional shareholder support.
Grey Market Premium (GMP)
  • The GMP of Rainbow Medicare lies between ₹40-₹50 as per today’s data

Opening Date
April 27, 2022
Closing Date
April 29. 2022
Issue Type
Book Built Issue IPO
Face Value
10 Per Equity Share
Issue Price
516-542 Per Equity Share
Lot Size
IPO Price
1580.85 Cr.
Listing At

Allotment, Listing & Refund Details

Finalization of Basis of Allotment
May 5, 2022
Initiation of Refund
May 6, 2022
Credit of Equity Shares
May 9, 2022
Listing Date
May 10, 2022

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