Rainbow IPO Allotment Status Available Online Link, Check GMP, Share Listing Price

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.

Rainbow IPO Allotment Status

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 CompanyRainbow Children’s Medicare Limited
Company’s Registrar NameKFin Technologies Limited
Face Value of the IPORs. 10 /- per equity share
Finalization of Allotment5th May 2022
Lot Size of the IPO27 shares
Type of the IssueBook Built Issue
Shares offered24,000,900 shares of Rs. 10
Price Listing AtBSE, National Stock Exchange
Price of the IPORs. 516 to Rs. 542 per share
Promoters of the CompanyDr Dinesh Kumar Chirla
Dr Adarsh Kancharla
Dr Ramesh Kancharla
Authorized Portalhttps://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:

CategorySubscription
Qualified Institutions38.90 times
Employees0.31 times
Retails Individual Investors1.38 times
Non-Individuals Buyers3.73 times
Total12.43 Times

Also Check: Vaccine Certificate Correction

Schedule of Rainbow Initial Public Offering

EventDate
Opening Date of the IPO27th April 2022
Closing Date of the IPO29th April 2022
Finalization of Allotment5th May 2022
Commencement of Refund Process6th May 2022
Crediting Shares to Demat Account9th May 2022
IPO Price Listing10th 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:

  1. Let’s start the process by visiting the officials portal of KFin Technologies Limited i.e., https://karisma.kfintech.com/
  2. The home page of the website will get open on the screen.
  3. Scroll through the portal and find the Quick Links section on the home page.
  4. Under that, you will see the option of Check IPO Status.
    Rainbow IPO Status
  5. Click on that link and a new portal will get open within a few seconds.
  6. Now, click on the option of Rainbow IPO available there.
  7. There will be 5 links that will get open in front of you to check the status.
  8. Click on any one of the available links.
  9. After that, you have to select the IPO.
  10. Now you have to select any one option of the query by
  11. Finally, you have to enter the details as per the choice made by you in the previous steps.
  12. Check all the details and tap on submit.
  13. 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 Portalhttps://www.rainbowhospitals.in/
Registrar Official Websitehttps://karisma.kfintech.com/
Bihar News HomepageClick Here
Share on:

Leave a Comment