Rainbow IPO Allotment Status: Rainbow Children’s Medicare Limited has a chain of hospitals in India that provide health care services concerning children. It has 14 hospitals and 3 clinics in India that are spread over 6 cities. The company started its Initial Public Offering on 27 April 2022. Many bidders have applied for it and now they are waiting for the allotment. All the bidders who have applied for the IPO will be able to check the basis of allotment on 5 May 2022. The Process of Initial Public Offering will come to an end on 10th May 2022. Individuals who want to know more about the Rainbow IPO Allotment Status must read the following article till the end.
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Rainbow IPO Allotment Status
The objective of opening this IPO is the full redemption of NCD by the company, creating more hospitals, and buying new medical equipment & general corporate purposes. With this IPO, the company will be able to fulfill all the above-mentioned objectives. Rainbow Children’s Medicare Limited had total revenue of 7,740.62 Million on 31st March 2022 with a profit of 1,264 Million (Excluding Tax). The listing will take place at BSE, National Stock Exchange. The lot size of the company’s IPO is 27 shares. Through the article, you will get the information related to its IPO like GMP, Listing Price, the process to check the status, etc.
| Name of the Company | Rainbow Children’s Medicare Limited |
| Company’s Registrar Name | KFin Technologies Limited |
| Face Value of the IPO | Rs. 10 /- per equity share |
| Finalization of Allotment | 5th May 2022 |
| Lot Size of the IPO | 27 shares |
| Type of the Issue | Book Built Issue |
| Shares offered | 24,000,900 shares of Rs. 10 |
| Price Listing At | BSE, National Stock Exchange |
| Price of the IPO | Rs. 516 to Rs. 542 per share |
| Promoters of the Company | Dr Dinesh Kumar Chirla Dr Adarsh Kancharla Dr Ramesh Kancharla |
| Authorized Portal | https://www.rainbowhospitals.in/ https://karisma.kfintech.com/ |
Subscription Status of Rainbow IPO
The IPO of the company was subscribed 12.43 times in total. The Qualified Institution shave subscribed to the IPO 38.90 times and the employees have also subscribed to it 0.31 times as there was discounted the price of IPO for them. Given below we have prepared a table which will describe which category has subscribed how many times:
| Category | Subscription |
| Qualified Institutions | 38.90 times |
| Employees | 0.31 times |
| Retails Individual Investors | 1.38 times |
| Non-Individuals Buyers | 3.73 times |
| Total | 12.43 Times |
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Schedule of Rainbow Initial Public Offering
| Event | Date |
| Opening Date of the IPO | 27th April 2022 |
| Closing Date of the IPO | 29th April 2022 |
| Finalization of Allotment | 5th May 2022 |
| Commencement of Refund Process | 6th May 2022 |
| Crediting Shares to Demat Account | 9th May 2022 |
| IPO Price Listing | 10th May 2022 |
How to check the Rainbow IPO Allotment Status Online?
Individuals who want to check the status of their Initial Public Offering but are not aware of the procedure to check the status must go through the following paragraph. Here we have mentioned the steps through which one can check the IOP Status online hassle-free. Following are the steps to check it:
- Let’s start the process by visiting the officials portal of KFin Technologies Limited i.e., https://karisma.kfintech.com/
- The home page of the website will get open on the screen.
- Scroll through the portal and find the Quick Links section on the home page.
- Under that, you will see the option of Check IPO Status.
- Click on that link and a new portal will get open within a few seconds.
- Now, click on the option of Rainbow IPO available there.
- There will be 5 links that will get open in front of you to check the status.
- Click on any one of the available links.
- After that, you have to select the IPO.
- Now you have to select any one option of the query by
- Finally, you have to enter the details as per the choice made by you in the previous steps.
- Check all the details and tap on submit.
- The status will open in front of the screen.
Rainbow Children’s Medicare Limited IPO GMP
Grey Market Price is the price at which the company’s shares are being shared or exchanged. Through this price, the bidders can get an idea of the price that will be listed at BSE, NSE. The Grey Market price of Rainbow Children’s Medicare is Rs. 30. Bidders are informed that the actual listing might be different from the estimation as the GMP changes regularly.
Rainbow Children’s Medicare Listing Price
The price of the OIP will be done at BSE, National Stock Exchange. There are chances that the price will be high. The listing will take place on 10th May 2022. As of now, no information is available regarding the listing price of the Ipo. Bidders will get to know about it on 10 May 2022 only.
Rainbow IPO Allotment Status: Important Links
| Company’s Official Portal | https://www.rainbowhospitals.in/ |
| Registrar Official Website | https://karisma.kfintech.com/ |
| Bihar News Homepage | Click Here |