Rainbow Children’s Medicare IPO share allotment begins on BSE and KFintech; here's how to check IPO status online

Rainbow Children’s Medicare IPO was subscribed 12.43 times on the last day of the bidding on Friday, showed NSE IPO data. The three-day Rs 1,580.85 crore IPO of leading multi-specialty pediatric and obstetrics and gynecology hospital chain, which opened on April 27, closed on April 29. The Qualified Institutional Buyers (QIB) portion was subscribed maximum at 38.9 times, followed by non-institutional investors bidding of 3.73 times. The retail investors oversubscribed the issue by 1.38 times.  

Rainbow Children’s Medicare IPO share allotment began on Thursday, May 5, 2022, as per company's DRHP. The three-day Rs 1,580.85 crore IPO, which opened on April 27, closed on April 29. Rainbow Children’s Medicare IPO was subscribed 12.43 times on the last day of the bidding on Friday, as per NSE IPO data. The Qualified Institutional Buyers (QIB) portion was subscribed maximum at 38.9 times, followed by non-institutional investors bidding of 3.73 times. The retail investors oversubscribed the issue by 1.38 times. 

As per Rainbow Children’s Medicare IPO timeline, the refund initiation will begin on May 6 and share will be finalized on May 9,2022. Rainbow Children’s Medicare IPO listing date is scheduled on May 10, 2022, as per Upstox.  

Meanwhile, as Rainbow Children’s Medicare IPO share allotment has been initiated, the investors who have applied for the IPO can check share allotment status online on BSE and registrar to the IPO KFintech.   

Rainbow Children’s Medicare IPO share Allotment status on BSE     

Step 1- Login at BSE link — bseindia.com/investors/appli_check.aspx       

Step 2- Rainbow Children’s Medicare IPO  

Step 3- Enter the IPO application number       

Step 4- Enter PAN card details       

Step 5 - Click at 'I'm not a robot'       

Step 6 - Click at 'Submit' button     

Rainbow Children’s Medicare IPO allotment status check at KFintech website         

1) Login at direct KFintech website — https://ris.kfintech.com/ipostatus/ipos.aspx  

2) Select the IPO from the drop down.         

3) Now select application number/DPID/Client ID/PAN           

4) Enter application number followed by Captcha code           

5) Now Click at 'Submit' option and your IPO application status will become available on your computer monitor or Smartphone screen.         

About the company:-   

Rainbow Children's Medicare Limited operates a multi-specialty pediatric, obstetrics and gynecology hospital chain in India. The company offers a wide range of services such as newborn and pediatric intensive care, pediatric multi-specialty services, pediatric quaternary care, obstetrics and gynecology, which includes normal and complex obstetric care, and multidisciplinary fetal care, perinatal genetic and fertility care.