Rainbow Children’s Medicare IPO to open its subscription window from 27 April

Rainbow Children’s medicare Incorporated in the year 1998, one of the leading multi-specialty pediatric and obstetrics and gynecology hospital chains in India is all set to launch its IPO  to raise several Rs1595.59crores.

Rainbow Children’s Medicare, as of September 30, 2021, operates14 hospitals and three clinics in six cities, with a total bed capacity of 1,500 beds. The medicare has 602 full-time doctors and 1,686 part-time/visiting doctors.

The initial public offering of the company is a combination of a fresh issue of shares worth Rs280 crore and an offer for sale of 2,40,00,000 equity shares.

Details of Share to be sold by shareholders

Details about the IPO

Financial of Rainbow Children’s Medicare

  • Rainbow’s operating revenue grew at a compounded annual growth rate of 6% from Fy19 to Fy21.
  • In the first six months of FY22, Rainbow earned an operating revenue of ₹5195.92 million, which is 78% of the total revenue of ₹ 6603.10 million earned in FY21.
  • Net profit earned from April 2022 till September 2022 is ₹812.18 million against ₹395.68 million earned in FY21.

Allotment of the Rainbow Children’s Medicare IPO

What Should Investors Do?

 Rainbow Children’s Medicare is a facility in the healthcare sector. The Indian healthcare delivery market is expected to grow to touch Rs5 trillion by the end of the current fiscal year. With renewed impetus from PMJAY and government focus shifting onto the healthcare sector, the healthcare delivery market is expected to grow at a 15-17% compounded annual growth rate (CAGR) and reach ₹7.67 trillion in the financial year 2025.  

Investing in the Rainbow Children’s medicare IPO is expected to give good rewards to the investors looking at the nature of the industry coupled with the strong financial number of the company.

However, investors must do their research before investing in the market. As IPOs may be risk-free but they are launched in the market which is subject to risk.

How to apply for the IPO?

Click on the link given to apply for the Rainbow Children’s Medicare IPO at your finger points.

For Details:-  Rainbow Children’s Medicare IPO

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