Rainbow Childrens Medicare was incorporated on August 7,1998. It 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
| Bidding Dates |
|---|
| 27 Apr 2022 - 29 Apr 2022 |
| Subscription |
|---|
| 12.43x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,634 | 1 | 13 | 27 | 29.2 M | ₹516 - ₹542 | 62.19 % | ₹15050.2 M - ₹15808.5 M | RHP DOC |
Rainbow Childrens Medicare IPO SUBSCRIPTION STATUS
29 Apr '22Rainbow Childrens Medicare IPO overall subscription rate was 12.43 times the total available shares
Rainbow Childrens Medicare IPO retail subscription rate was 1.38 times in the retail segment
Rainbow Childrens Medicare IPO non-institutional investor subscription rate was 3.73 times in the non-institutional investor category
Rainbow Childrens Medicare IPO Qualified Institutional Bidder subscription rate was 38.9 times the available shares for Qualified Institutional Bidder
Rainbow Childrens Medicare IPO Employees subscription rate was 0.31 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
29 Apr 2022 (Day 3) | 1.38x | 3.73x | 38.9x | 0.31x |
28 Apr 2022 (Day 2) | 0.82x | 0.56x | 0.1x | 0.14x |
27 Apr 2022 (Day 1) | 0.48x | 0.11x | 0.1x | 0.07x |
Rainbow Childrens Medicare FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 9MFY22 | 1,264.13 | 7,613.11 | 1,937.30 | 1,566.53 |
| 9MFY21 | 385.25 | 4,861.71 | 910.1 | 378.38 |
| FY21 | 395.68 | 6,500.47 | 1,427.14 | 668.36 |
| FY20 | 553.4 | 7,193.91 | 1,704.07 | 960.26 |
| FY19 | 445.9 | 5,427.92 | 1,272.42 | 416.67 |
Rainbow Childrens Medicare IPO SUBSCRIPTION STATUS DETAILS
Rainbow Childrens Medicare had 29.2 M shares on offer
Rainbow Childrens Medicare IPO offer price was in the range ₹516 - ₹542
Rainbow Childrens Medicare IPO minimum Investment was ₹14634
Rainbow Childrens Medicare IPO issue size was ₹ 15050.2 M - ₹ 15808.5 M
Rainbow Childrens Medicare had a minimum lot size of 27 Shares per application
Rainbow Childrens Medicare NUMBER OF SHARES ON OFFER
Rainbow Childrens Medicare IPO IMPORTANT DATES
| Issue Open Date | 27 Apr 2022 |
| Issue close Date | 29 Apr 2022 |
| Allotment Date | 05 May 2022 |
| Refund Date | 06 May 2022 |
| Demat Account Credit Date | 09 May 2022 |
| Listing Date | 10 May 2022 |
| Listing on Exchange(s) | NSE and BSE |
| Rainbow Childrens Medicare Allotment Status | Exchange |
Rainbow Childrens Medicare IPO subscription opened on 27 Apr 2022, and closed on 29 Apr 2022
IPO allotment for Rainbow Childrens Medicare was finalized on Thursday, 05 May 2022
IPO listing for Rainbow Childrens Medicare was on NSE and BSE on Tuesday, 10 May 2022
Rainbow Childrens Medicare IPO LISTING GAINS
| Issue Price (adjusted) | 542.0 |
| Listing Open Price | 510.0 |
| Listing Close Price | 450.1 |
| Listing Gain% | -5.9% |
| Current Gain% | 183.9% |
Rainbow Childrens Medicare Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rainbow Childrens Medicare Ltd. | 1538.6 | 14821.9 | 54.8 | 5 | 8.6 | 16.9 | 10 | 1746.9 | 11.5 | 278.3 | 14.3 | 28.1 | 10.9 |
| Apollo Hospitals Enterprise Ltd. | 8912 | 128140.9 | 66 | 1.9 | 5.1 | 20.5 | 8.7 | 25420.1 | 15.6 | 1941.7 | 34.3 | 135 | 34.3 |
| Max Healthcare Institute Ltd. | 1069 | 104042.9 | 72.1 | 2.1 | 12.4 | 13.4 | 8.4 | 8536.1 | 18.8 | 1442.4 | 34.1 | 14.8 | 34.1 |
| Manipal Health Enterprises Ltd. | 686.4 | 90280.9 | 10.6 | 3.6 | 10520.5 | 25.8 | 892.3 | -16.2 | |||||
| Fortis Healthcare Ltd. | 945.2 | 71354.9 | 68.1 | 3.3 | 7.5 | 10.5 | 6.5 | 9178.5 | 16.9 | 1041.8 | 34.6 | 13.9 | 20.7 |
| Aster DM Quality Care Ltd. | 867.2 | 44928.9 | 141 | 879.5 | 9.2 | 8.5 | 4.8 | 4768.8 | 11.2 | 388.1 | -92.8 | 6.2 | 0.2 |
Rainbow Childrens Medicare INFORMATION ON IPO ISSUE
About Rainbow Childrens Medicare
Rainbow Childrens Medicare was incorporated on August 7,1998. It 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
Object of the Issue
1. The Early redemption of NCDs issued by tbe Company, in full.
2. Capital expenditure towards setting up of new hospitals and purchase of medical equipment for such new hospitals.
3. General corporate purposes.
Rainbow Childrens Medicare - PROMOTERS
| Name |
|---|
| Ramesh Kancharla |
| Dinesh Kumar Chirla and |
| Adarsh Kancharla |
Rainbow Childrens Medicare Book Running Lead Managers
Kotak Mahindra Capital Company
rainbow.ipo@kotak.com
J.P. Morgan India
RAINBOW_IPO@jpmorgan.com
IIFL Securities
rainbow.ipo@iiflcap.com
Rainbow Childrens Medicare Registrar to the Offer
KFin Technologies
rcml.ipo@kfintech.com
Rainbow Childrens Medicare Strengths
Ability to conceptualize, create and operate specialized children's hospitals.
Specialises in pediatric segment
Leading pediatric multi-speciality healthcare chain with strong clinical expertise in managing complex diseases.
Specialises in multiple fields
Comprehensive perinatal care provider, with synergies between pediatric and obstetrics and gynaecology services.
Good business model
The hub-and-spoke model provides synergies and ensures better care and access for patients.
Proven track record
Strong track record of growth, and operational and financial performance.
Experienced management
Experienced senior management team with strong institutional shareholder support.
Rainbow Childrens Medicare Risks
Doctors work on contractual basis
The company is dependend on its medical professionals and the it engages doctors primarily on a consultancy service contract basis
Documents not appraised by financial authority
The objects of the Offer have not been appraised by any bank or financial institution.
Financial debt
Indebtedness and the conditions and restrictions imposed by the financing arrangements may limit the ability to grow
IPO FAQs
This IPO consists of an offer for sale of up to Rs 1,300.0 crore, of 24,000,900 shares. It also consists of a fresh issue of Rs 280.0 crore.
The promoters of the company are Ramesh Kancharla, Dinesh Kumar Chirla and and Adarsh Kancharla.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 516.0 - 542.0.
The IPO application opens on Apr 27, 2022 and closes on Apr 29, 2022.
The minimum lot size for the IPO is 27. The maximum lot size for the IPO is 351.
For all category investors, the minimum application amount for this IPO is Rs. 14,634.0, the maximum value for this IPO is Rs 190,242.0.
This IPO will be allotted on May 05, 2022.
The refund will be credited to your account on May 06, 2022.
The allotted shares will be credited to your demat on May 09, 2022.
Rainbow Childrens Medicare Pvt.Ltd.’s shares listed on the stock exchanges on May 10, 2022.