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Rainbow Children's Medicare IPO

Healthcare - Listed on 10 May 2022

-16.9% listing gain
Issue Price (Upper)
Rs 542
Listing Price
Rs 450.19
Closing Price (NSE)
Rs 515
Total Subscription
174.71x

Rainbow Children's Medicare IPO listing summary

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.

Listing day performance

Listing Gain (Open)
-16.94%
Listing Gain (Close)
-4.98%
Day Change After Listing
+11.96%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB317.63x
HNI / NII263.11x
Retail55.84x
Overall174.71x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 13.82x
Day 29.09x
Day 3 (Final)174.71x

Rainbow Children's Medicare IPO GMP history

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.

DayGMP (Rs)GMP %
Day 1Rs 40+7.38%
Day 2Rs 50+9.23%
Day 3Rs 50+9.23%
Day 4Rs 45+8.30%
Day 5Rs 50+9.23%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
7.4%-9.2%
IPOGyani AI Prediction
-
Actual Listing Gain
-16.9%

Issue & financials

Issue SizeRs 500 Cr
Fresh IssueRs 250 Cr
OFSRs 250 Cr
IPO PE51.60
Peer / Sector PE129.33
PE vs Sector Ratio1.31
Latest EBITDA (Cr)37.93
Debt / Equity0.32

Market context at listing

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.

Nifty 3D Return-0.00%
Nifty 1W Return+0.00%
Nifty 1M Return-0.03%
Nifty during IPO window+0.00%

Rainbow Children's Medicare IPO - FAQs

What was the listing gain of Rainbow Children's Medicare IPO?

Rainbow Children's Medicare IPO listed at -16.9% versus the upper issue price of Rs 542 on 10 May 2022.

How many times was Rainbow Children's Medicare IPO subscribed?

Rainbow Children's Medicare IPO was subscribed 174.71x overall. QIB portion was subscribed 317.63x, HNI / NII 263.11x and Retail 55.84x.

What was the IPO GMP for Rainbow Children's Medicare?

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.

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