Its price band is Rs 516-542 per share.
Multi-specialty pediatric hospital chain Rainbow Children’s Medicare (Rainbow Children’s MedicareIPO of (IPO) Will open today Investments can be made in this issue till April 29. The company wants to raise Rs 1,581 crore through IPO. Its price band is Rs 516-542 per share. Before the IPO, the company has raised Rs 470 crore from multiple investors. The company has allotted 87 lakh shares to anchor investors at the upper price band of Rs 542. As per market observers, the GMP for Rainbow Children Medicare IPO today is Rs 35. This means around 6.50 per cent more than the upper price band of Rs 542 per share. The allotment of shares is likely to happen on May 5, while the listing of shares may happen on May 10, 2022.
Half of the issue is reserved for Qualified Institutional Buyers (QIBs). 35 per cent is reserved for retail investors and 15 per cent for non-institutional investors (NIIs). The company is expected to get Rs 1,581 crore on the upper price band.
read this also