Rainbow Children’s Medicare IPO Allotment: Here’s How to Check Allotment Status

May 4, 2022 Trading 3 min read
Rainbow Children's Medicare IPO Allotment

The initial public offering (IPO) of Rainbow Children’s Medicare witnessed a 12.43 times subscription led by strong buying from the Qualified Institutional Buyers (QIB) and Non-Institutional Investors (NII).

Rainbow Children’s Medicare IPO received bids for 25.49 crore shares as against the size of 2.05 crore shares, as per the data available on the National Stock Exchange (NSE). The portion reserved for QIB saw the highest subscription of 38.90 times followed by NIIs at 3.73 times. The portion set aside for retail investors was subscribed 1.38 times while that of Employees’ was subscribed 31%.

The 1,580.85-crore worth IPO of Rainbow Children’s Medicare was opened for subscription between April 27 and April 29, 2022, at a price band of Rs 516 to 542 per share.

Rainbow Children’s Medicare allotment date has been fixed for May 5, 2022. Check out the important dates and details about the IPO below:

Rainbow Children’s Medicare IPO – Important Dates & Details

Issue Opening Date April 27, 2022
Issue Closing Date April 29, 2022
IPO Size Rs 1,580.85 crore
Price Band Rs 516 to 542
Bid Lot 27 shares and in multiples thereof
Face Value Rs 10 per share
IPO Allotment Date May 5, 2022
Initiation of Refunds May 6, 2022
Credit of Shares to Demat May 9, 2022
IPO Listing Date May 10, 2022

Documents/details you will require to check Rainbow Children’s Medicare IPO allotment status: 

  • PAN Card 
  • DP client ID
  • Application number

How to check Rainbow Children’s Medicare IPO allotment status? 

Investors who had bid for the Rainbow Children’s Medicare IPO can check the IPO allotment status of their application online, through these 2 modes:

  • The websites of BSE/NSE OR 
  • The registrar – KFin Technologies Pvt Ltd.

How to check Rainbow Children’s Medicare IPO allotment status through BSE/NSE website: 

Step 1: Visit https://www.bseindia.com/investors/appli_check.aspx

Step 2: Select ‘Equity’ in ‘Issue Type’

Step 3: Select ‘Rainbow Children’s Medicare Ltd.’ in Issue Name

Step 4: Enter the Application Number or PAN

Step 5: Verify and click on ‘I’m not a robot’

Step 6: Click on ‘Search’

How to check Rainbow Children’s Medicare IPO allotment status through the registrar’s website: 

Step 1: Visit https://kosmic.kfintech.com/ipostatus/

Step 2: Select “Rainbow Children’s Medicare IPO”

Step 3: Select the Query by ‘Application No’ Or ’DPID/Client ID’ Or ‘PAN’

Step 4: Enter the Application Type, Application number or DPID and Client ID or PAN details as per the selected option. Finally, enter the Captcha and click on the Submit button.

Here’s how a typical IPO allotment search result page will look like: 

Name of the issue or company: Rainbow Children’s Medicare

Application Number: A434721311

Name of the Applicant: Ajay Sharma

Shares applied: 27

Shares allotted: 27 

Remarks: Allotted 

About – Rainbow Children’s Medicare

Rainbow Children’s Medicare Ltd is a multi-specialty pediatric and obstetrics and gynecology hospital chain in India. It operates 14 hospitals and three clinics in six cities, with a total bed capacity of 1,500 beds, as of December 31, 2021.

Its core specialties are pediatrics, which includes newborn and pediatric intensive care, pediatric multi-specialty 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.

Financials – Rainbow Children’s Medicare 

Rainbow Children’s Medicare reported total revenue of Rs 660.31 crore and a net profit of Rs 39.57 crore in FY21. The company’s revenue in FY20 was Rs 729.74 crore and its net profit was Rs 55.34 crore.

The total assets of the company have grown to Rs 1,081.27 crore as of March 2021 from Rs 1,019.24 crore as of March 2020.

Management – Rainbow Children’s Medicare 

Dr Ramesh Kancharla is the Promoter, Chairman and Managing Director, while Dr Dinesh Kumar Chirla is the Promoter and Whole-time Director of Rainbow Children’s Medicare.

Aluri Srinavasa Rao, Dr Anil Dhawan, Sundari Raviprasad Pisupati and Santanu Mukherjee are the Independent Directors on the board of the company. 

Mahesh Madduri is the Head of Strategy of the company, while R Gowrisankar is the Chief Financial Officer of the company. 

Dr Rohit Manipal Bhojaraj is the Group – Chief Operating Officer and Dr Prashanth Katragadda is the Vice President – Medical and Operations for the Hyderabad cluster.

Disclaimer: This article is for information purposes only and should not be considered as stock recommendation or advice to buy or sell shares of any company. Investing in the stock market can be risky. It is therefore advisable to research well or consult an investment advisor before investing in shares, derivatives or any other such financial instruments traded on the exchanges.

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