Healthcare - Listed on 10 May 2022
Rainbow Children's Medicare (Healthcare) closed its IPO window in 2022 and listed on NSE and BSE on 10 May 2022 at an upper band issue price of Rs 542, opening at Rs 450.19 for a listing gain of -16.9% and closing day one at Rs 515 (-5.0% on closing basis). The IPO was subscribed 174.71x overall - QIB 317.63x, HNI/NII 263.11x, Retail 55.84x. The total issue size was Rs 500 Cr (Fresh Issue Rs 250 Cr, OFS Rs 250 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Healthcare
Rainbow Children's Medicare operates in the Healthcare space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Rainbow Children's Medicare issue was offered at an upper price of Rs 542 and raised approximately Rs 500 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 40 | +7.38% |
| Day 2 | Rs 50 | +9.23% |
| Day 3 | Rs 50 | +9.23% |
| Day 4 | Rs 45 | +8.30% |
| Day 5 | Rs 50 | +9.23% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Rainbow Children's Medicare IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Rainbow Children's Medicare IPO listed at -16.9% versus the upper issue price of Rs 542 on 10 May 2022.
Rainbow Children's Medicare IPO was subscribed 174.71x overall. QIB portion was subscribed 317.63x, HNI / NII 263.11x and Retail 55.84x.
IPO GMP started at Rs 40 on Day 1 and moved to Rs 50 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.