Rainbow Children's Medicare Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 14,439,009 (49%) | — | ₹78,259 Cr |
| NII (HNI) | — | 4,331,704 (15%) | — | ₹23,478 Cr |
| Retail | — | 10,107,308 (35%) | — | ₹54,782 Cr |
| Employee | — | 300,000 (1%) | — | ₹163 Cr |
| Σ Total | — | 29,178,021 (100%) | — | ₹1,581,449 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,634 |
| Retail (Max) | 13 | 351 | ₹190,242 |
| S-HNI (Min) | 14 | 378 | ₹204,876 |
| B-HNI (Min) | 67 | 1,809 | ₹980,478 |
Financial Statements Amount in Crore
| Metric | 31-Dec-21 | 31-Dec-20 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 774 | 494 | 660 |
| Profit After Tax | 126 | 39 | 40 |
| Total Assets | 1,240 | 1,076 | 1,081 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Early redemption of NCDs issued by the Company to CDC Emerging Markets Limited (“CDCEML”), one of the Group Companies, in full – 40.00
- 2 Capital expenditure towards setting up of new hospitals and purchase of medical equipment for such new hospitals – 170.00
- 3 General corporate purposes – 56.20
Company Overview
Rainbow Children's Medicare Limited operates a multi-speciality pediatric, obstetrics and gynaecology hospital chain in India. The company offers a wide range of services such as newborn and pediatric intensive care, pediatric multi-speciality services, pediatric quaternary care, obstetrics and gynaecology, which includes normal and complex obstetric care, and multidisciplinary fetal care, perinatal genetic and fertility care. Rainbow Children's Medicare operates 14 hospitals and three clinics in six cities, with a total bed capacity of 1,500 beds, as of September 30, 2021. In 1999, the company started its first pediatric speciality hospital in Hyderabad.
Rainbow Children's Medicare Limited operates on a full-time doctor model ensuring that most of the core specialists are available 24/7 which is particularly important for children's emergency, neonatal and pediatric intensive care services. As of September 30, 2021, the company had 602 full-time doctors and 1,686 part-time/visiting doctors.
Competitive Strengths:
- Ability to conceptualize, create and operate specialized children's hospitals.
- Leading pediatric multi-speciality healthcare chain with strong clinical expertise in managing complex diseases.
- Comprehensive perinatal care provider, with synergies between pediatric and obstetrics and gynaecology services.
- The hub-and-spoke model provides synergies and ensures better care and access for patients.
- Strong track record of growth, and operational and financial performance.
- Experienced senior management team with strong institutional shareholder support.