Rainbow Children’s Medicare IPO share allotment: Here’s how one can examine your shares on-line

Rainbow Children’s Medicare IPO share allotment standing: The preliminary public providing (IPO) of multi-speciality pediatric hospital chain Rainbow Children’s Medicare was subscribed 12.43 occasions over the two.05 crore shares that have been on supply throughout the subscription interval from April 27-29, 2022. The worth band was mounted at Rs 516-542 per share.

Rainbow Children’s Medicare IPO obtained bids of over 25.49 crore (25,49,03,787) shares towards the overall subject measurement of over 2.05 crore (2,05,14,617) shares, knowledge out there with the National Stock Exchange (NSE) confirmed.

The shares that are to be allotted for the certified institutional consumers (QIBs) was subscribed 38.90 occasions, whereas these of non institutional traders was subscribed 3.73 occasions and that of retail particular person traders (RIIs) was subscribed 1.38 occasions. Apart from this, the workers’ section class was subscribed 0.31 occasions, the info confirmed.

Rainbow Children’s Medicare IPO includes a recent subject of fairness shares value Rs 280 crore and an offer-for-sale (OFS) of as much as 24,000,900 fairness shares value Rs 1,300.8 crore by promoters and promoting shareholders.

Those promoting shares within the OFS are promoters – Ramesh Kancharla, Dinesh Kumar Chirla and Adarsh Kancharla, traders – British International Investment plc (previously CDC Group plc) and CDC India and an different investor Padma Kancharla.

Rainbow Children’s Medicare is a Hyderabad-based youngsters’s hospital chain that’s backed by UK-based improvement finance establishment British International Investment PLC (Formerly Known as CDC Group PLC). It established its first 50-bed pediatric speciality hospital in 1999 in Hyderabad.

As of December 31, 2021, Rainbow Children’s Medicare operates 14 hospitals and three clinics in six cities in India, with a complete mattress capability of 1,500 beds.

Investors at the moment are wanting ahead to the share allotment date of Rainbow Children’s Medicare IPO. The firm is meant to finalise the allotment by Thursday, May 5, 2022, as per the timeline supplied within the crimson herring prospectus (RHP). In case you’ve gotten utilized for the Rainbow Children’s Medicare IPO, then right here is how one can examine the standing of your allotment when it will get declared:

The allotment standing will get up to date on the web site of the registrar of the IPO, which on this case is KFin Technologies (Click right here: https://ris.kfintech.com/ipostatus/ipos.aspx). Applicants might want to choose RAINBOW CHILDRENS MEDICARE LIMITED within the drop-down menu and enter both their Application No. or DPID/Client ID or PAN, enter the Captcha code (which is proven in digits) and click on on Submit to view their allotment standing.

Apart from the registrar’s web site, candidates can even examine the standing of their allotment on the web site of the BSE (Click right here: https://www.bseindia.com/investors/appli_check.aspx). Here, they might want to choose Equity in Issue Type, then choose RAINBOW CHILDRENS MEDICARE LIMITED from the drop-down checklist within the Issue Name part, enter their Application Number and PAN Number within the respective bins after which click on on search to view their standing.

The itemizing of shares of Rainbow Children’s Medicare is more likely to happen on Tuesday, May 10, 2022, on each the NSE and BSE.

Kotak Mahindra Capital Company, JP Morgan India and IIFL Securities are the e-book working lead managers to the IPO.