Rainbow Children’s Medicare IPO: The first public offering, or IPO, of Rainbow Children’s Hospital Limited, a hospital chain of multiple specialty pediatric, obstetric and gynecological hospitals, received significant response from bidders across the country. The first issue of Rainbow Children’s Medicare was 12.43 percent enrolled on the last day of its opening. The response was mainly supported by qualified institutional buyers.
The company had released its IPO of Rs 1,581 crore on April 27 and sold the shares to bidders at a price range of Rs 516-542. The QIB part was subscribed 38.9 times of the part reserved for the category, while non-institutional investors bid 3.73 times of the part intended for them. The individual retail category saw an oversubscription of 1.38 times at the Rainbow Children’s Medicare IPO.
Rainbow Children’s Medicare IPO Assignment Status
The expected date for Rainbow Children’s Medicare IPO allotment is May 5, 2022. So, those who applied for the public issuance worth Rs 1,595 crore are advised to check their application status online by logging into the official BSE website. website or on the website of the official registrar of the IPO. The official registrar of the IPO is KFin Technologies Limited.
How To Check Rainbow Children’s Medicare IPO Assignment Status From BSE Website?
1]Login through the direct link to BSE website-bseindia.com/investors/appli_check.aspx;
2]Select Rainbow Children’s Medicare IPO;
3]Enter your Rainbow Children’s Medicare IPO Application Number;
4]Enter your PAN details;
5]Click on ‘I am not a robot’; and
6]Click the ‘Send’ button.
The assignment status of your Rainbow Children’s Medicare IPO will not be available on the computer monitor or smartphone screen until the assignment is complete.
How To Check Rainbow Children’s Medicare IPO Assignment Status From Registrar’s Website
1]Log in via the direct KFintech link — kprism.kfintech.com/ipostatus/;
2]Now select Rainbow Children’s Medicare IPO;
3]Select an application number or DPID/Client ID or PAN (let’s take the application number);
4]Once this is done, enter your Rainbow Children’s Medicare IPO Application Number;
5]After this you have to fill in Captcha; and
6]Now click on the ‘Send’ button
Rainbow Children’s IPO: What GMP Proposes for Profit Listing
Rainbow Children’s Medicare IPO privately held shares gave a premium of Rs 40 to the gray market on Wednesday. This was the same as yesterday’s gray market premium. The Rainbow Children’s Medicare IPO GMP indicated that the public issue will open in the positive zone. Rainbow Children’s Medicare’s IPO will be listed on NSE and BSE on May 10.
“Rainbow Children Medicare Limited IPO limited received a moderate response. However, the QIB quota received a decent response. The allotment opportunities should be much higher for Retail Investors. The company has delivered stable numbers and valuations appear to be in line with peers. Expected listing gains should be around 5-10 percent. Expectations also have room for an upward trend if market sentiment improves before listing,” said Abhay Doshi, founder of UnlistedArena.com.
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