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Rainbow Children’s Medicare IPO opens today – Should you subscribe?

"The target market is expected to grow at a compound annual rate of 14 percent till FY26. However, key would be sustained growth amid increased consolidation in healthcare space," ICICI Direct Research says

April 27, 2022 / 06:37 AM IST
Rainbow Childrens Medicare IPO

Rainbow Childrens Medicare IPO

 
 
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Rainbow Children's Medicare is a multi-speciality paediatric, obstetrics and gynaecology hospital chain in India. It offers a wide array of services such as newborn and paediatric intensive care, paediatric multi-speciality services, obstetrics and gynaecology, multidisciplinary foetal care, perinatal genetic and fertility care.

Having started its first paediatric speciality hospital in Hyderabad in 1999, the company currently operates 14 hospitals and three clinics in six cities, with a total bed capacity of 1,500 as of 30 September 2021. Going forward, it may seek to expand the hospital network through acquisition or development of assets.

Rainbow will float its Rs 1,581 crore initial public offering (IPO) on April 27 and close it on April 29. The anchor book portion had opened for a day on April 26.

About the IPO