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.  

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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. 

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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.