Rainbow Children’s Medicare IPO: Here’s how you can check the allotment status

• Rainbow Children’s Medicare is likely to announce its share allotment status today.
• The IPO of Hyderabad-based chain of paediatric hospitals witnessed decent demand from investors as it was subscribed 12.43 times.
• The IPO will be listed on May 10 on exchanges.

The Hyderabad-based chain of paediatric hospitals, Rainbow Children's Medicare, is likely to announce the allotment status of its initial public offering (IPO) today, May 5.

The IPO was open for subscription from April 27 to April 29. The company received bids for ₹25.49 crore as against ₹2.05 crore worth shares on offer.

The IPO of children’s hospital Rainbow Children’s Medicare witnessed decent demand from investors as its IPO was subscribed for 12.43 times the number of shares offered in the three days of IPO bidding process. Moreover, the grey market premium of the company’s shares suggest a premium of ₹40 from the higher end of the price band.

The portion reserved for retail investors was oversubscribed by 1.38 times on the last day of the IPO bidding process.

The multi-specialty paediatric, obstetrics and gynaecology hospital chain operates 14 hospitals and three clinics in six cities, with a total bed capacity of 1,500 beds.

Going forward, the company seeks to expand its network of hospitals and is in the process of building a digital healthcare delivery solution that will enable healthcare delivery irrespective of geography.

Here is how to Rainbow Children’s Medicare IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select ‘Rainbow Children’s Medicare’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Rainbow Children’s Medicare’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.


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