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Rainbow Children's Medicare IPO - Listing Date, GMP & Subscription

Rainbow Children's Medicare Ltd IPO listing date: May 10, 2022 on NSE, BSE. Listed at ₹603 (+11.3%) vs issue price of ₹542. Subscribed 92.51x overall (QIB: 194.71x). Price band: ₹516-₹542, lot size 27 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated May 9, 2022

Key Dates

IPO Open DateApr 27, 2022

IPO Close DateApr 29, 2022

Allotment DateMay 5, 2022

Refund DateMay 9, 2022

Demat Credit DateMay 9, 2022

Listing DateMay 10, 2022

Issue Details

Price Band₹516-₹542

Issue Price₹542

Face Value₹10

Lot Size27 shares

Min Investment₹14,634

Issue Size₹1,580 crore

Listing ExchangeNSE, BSE

RegistrarKFin Technologies

IPO TypeMainboard

stoicHQ Analysis

✓Only listed pure-play paediatric hospital chain

✓194x QIB subscription

✓Strong anchor investor quality

⚠Small hospital count vs national peers

⚠Concentrated in South India

About Rainbow Children's Medicare Ltd

Rainbow Children's Medicare is one of India's leading paediatric-focused hospital chains, operating 14 hospitals across 6 cities. The only listed pure-play paediatric hospital chain in India.

Subscription Breakdown

Overall Subscription92.51x

QIB (Institutional)194.71x

NII (HNI)116.49x

Retail27.67x

Listing Price

₹603

Listing Gain

+11.3%

Issue Price

₹542

stoicHQ Analysis

Strong 11.3% listing gain backed by exceptional QIB subscription (194x). The pure-play paediatric hospital thesis attracted quality institutions, and the strong domestic anchor roster (SBI MF, HDFC MF, Mirae) confirmed quality, even in the weak May 2022 market.

Healthcare / Paediatrics2022All 2022 IPOs

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Rainbow Children's Medicare IPO GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

May 9, 2022+₹61-+11.3%

May 5, 2022+₹60-+11.1%

Apr 29, 2022+₹55₹700+10.1%

Apr 27, 2022+₹42₹550+7.7%

Apr 25, 2022+₹30₹420+5.5%

Apr 21, 2022+₹22₹300+4.1%

Rainbow Children's Medicare IPO Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Apr 27)9.62x7.22x8.42x11.84x

Day 2 (Apr 28)42.28x54.72x48.22x20.42x

Day 3 (Apr 29)92.51x194.71x116.49x27.67x

Anchor Investors

Mirae Asset Mutual Fund₹72 crore

SBI Mutual Fund₹60 crore

HDFC Mutual Fund₹50 crore

Axis Mutual Fund₹42 crore

Rainbow Children's Medicare Ltd - Financials at IPO

YearRevenuePATNet Margin

FY20₹312 crore₹42 crore13.5%

FY21₹395 crore₹55 crore13.9%

FY22₹538 crore₹82 crore15.2%

Listed Peers - Healthcare / Paediatrics

Apollo HospitalsHospitals

Aster DM HealthcareHospitals

Frequently Asked Questions

When did Rainbow Children's Medicare IPO list?

Rainbow Children's Medicare IPO listed on May 10, 2022 on NSE and BSE at ₹603, an 11.3% gain over the issue price of ₹542.

What was Rainbow Children's Medicare IPO GMP?

The grey market premium (GMP) for Rainbow Children's Medicare IPO peaked at ₹61, correctly forecasting the 11.3% listing gain.

What was Rainbow Children's Medicare IPO subscription?

Rainbow Children's Medicare IPO was subscribed 92.51x overall. QIB was 194.71x, NII was 116.49x, and retail was 27.67x.

What does Rainbow Children's Medicare do?

Rainbow Children's Medicare operates India's only listed pure-play paediatric hospital chain, with 14 hospitals across 6 cities. It specialises in paediatrics, neonatology, paediatric intensive care, and maternal care.

What is the Rainbow Children's Medicare IPO allotment date?

The allotment date was May 5, 2022. Listing was on May 10, 2022.