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Rainbow Children's Medicare raises Rs 469.55 crore from 36 anchor investors ahead of IPO

British International Investment Plc-backed Rainbow Children's Medicare, which operates 14 hospitals and three clinics in six cities, intends to raise Rs 1,581 crore through its IPO, which includes a fresh issue of Rs 280 crore worth of shares.

April 26, 2022 / 08:41 PM IST
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Multi-specialty paediatric and gynaecology hospital chain Rainbow Children's Medicare Ltd on April 26 raised Rs 469.55 crore from its 36 anchor investors ahead of the launch of its initial public offering (IPO), which opens on April 27.

In a filing to the BSE, Rainbow Children's Medicare said it had finalised the allocation of 86.63 lakh shares to anchor investors at a price of Rs 542 apiece after consulting its book-running lead managers.

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Investors including Government of Singapore, Monetary Authority of Singapore, Amansa Holdings, Ashoka India Opportunities Fund, Neuberger Berman Emerging Markets, Goldman Sachs, Matthews Emerging Markets Small Companies Fund and HSBC bought equity shares through its anchor book.