Multi-speciality hospital chain Rainbow Children’s Medicare has decided to launch its IPO or initial public offering. The hospital chain works in paediatrics, gynaecology and obstetrics. It has filed its DRHP (Draft Red Herring Prospectus) papers with the market regulator SEBI (Securities and Exchange Board of India).
To know more about this IPO and all its details, read below!
Key Highlights of the Rainbow Children’s Medicare DRHP
What Will the Proceeds of the IPO Be Used for?
Rainbow Children’s Medicare will use the proceeds of the IPO for the following reasons:
Know About Rainbow Children’s Medicare
Presently, Rainbow Children’s Medicare operates in 6 cities. The company has 14 hospitals and 3 clinics. It also has a total bed capacity of 1,500 beds. As of March 2021, this hospital has the largest number of beds compared to its competitors in the sector of maternity and paediatric delivery.
The core specialities of this hospital include:
Rainbow Children’s Medicare is a profit-making entity. It has made a profit of Rs. 39.56 crores in the year March 2021. Therefore, if you want to invest in this IPO, do so only after proper research and study.
Frequently Asked Questions
Ans. Kotak Mahindra Capital Company, JP Morgan India, and IIFL Securities are the book running lead managers.
Ans. A 63.70 per cent stake is held by promoters of the company.
Ans. Revenue increased to Rs. 512.55 crores for this company.
Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.
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