Rainbow Children’s Medicare IPO Listing on BSE, NSE Today; Time, Listing Share Price
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Rainbow Children’s Medicare is ready to debut in Dalal Street on May 10. Pediatric Hospitals and Multi-Species Gynecology will be registered in the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) at 10 am on Tuesday. Public Problems RS 1,580.84-Crore received a muffled response from investors during the subscription period. Considering the volatile market and the premium of the weak gray market, experts predict the warm list for Medicare IPO Rainbow Children.Founded in 1999 at Hyderabad, Rainbow Children’s Medicare is one of the leading multi-specialization hospital chains and the Gynecological Hospital chain in India. The company operates 14 hospitals and 3 clinics in six cities with a total bed capacity of 1,500.
PERDANA PRIVATE VOCATIONAL SCHOOL, Medicare Rainbow Children, open from 27-29 April. The price band is determined in RS 516 to RS 542 per equity share for the offer. The company aims to collect RS 1,580.84 Crore through a public edition in the top band. Rainbow Children’s Medicare IPO consists of new problems from aggregate stocks to RS 280 Crore and offers for sale (of) up to 2.4 crore equity shares by promoters and investors.
Rainbow Children’s Medicare IPO GMP
The premium of the gray market from Rainbow Children’s Medicare is RS 15 on May 9, according to IPO Watch. Medicare Rainbow Children shares are traded in RS 552-557 in the gray market, 2-3 percent premiums over the price of publication of RS 542. The gray market premiums that slightly show a weak debut for Rainbow Children’s Medicare IPO.
Rainbow Children’s Medicare IPO Subscription Status
Rainbow Children’s Medicare IPO received an offer of more than 25.49 crore shares to the total size of the problem of more than 2.05 Crore shares, the data available with the National Stock Exchange (NSE) showed. Stocks allocated to institutional buyers who meet the requirements (QIBS) subscribe 38.90 times. People from non -institutional investors subscribed 3.73 times and Retail Individual Investors (RII) were ordered 1.38 times. The employee segment category subscribed 0.31 times, the data shows.
Rainbow Children’s Medicare IPO Listing: What to Expect
In the Medicare Rainbow Children list, Yash Gupta’s Equity Research Analyst, Angel One Ltd, said, “We expect a soft list from Rainbow Children’s Medicare Limited IPO. Seeing an expensive IPO assessment, based on 9MFY22, IPO is valued at prices to get 30.4 times and EV/EBITDA 13.8 times in the price of the IPO, which is in line with the registered colleague group. The company’s revenue and return ratio has increased significantly at 9MFY22 but we do not expect the company to maintain this growth in the near future. ” “Rainbow Children Medicare Limited IPO Limited received a moderate response. Qib quota, however, received a decent response. The company has given a stable number and assessment looks in line with peers. This list may not be excited because the broader market sentiment has deteriorated, “said Abhay Doshi, one of the founders, Unlisthene.
Rainbow Children’s Medicare is ready to debut in Dalal Street on May 10. Pediatric Hospitals and Multi-Species Gynecology will be registered in the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) at 10 am on Tuesday. Public Problems RS 1,580.84-Crore received a muffled response from investors during the subscription period. Considering the volatile market…