After the financial year 2022, now this financial year is also going to be a big hit for the IPO. According to an estimate, a total of 54 companies can bring their IPO this year. The IPO of one such company Rainbow Children’s Medicare Limited will open on April 27. Let’s know every detail related to this IPO-
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The company’s IPO will be open for subscribing from 27 to 29 April i.e. for three days. There will be fresh equity shares of Rs 280 crore in this IPO. According to market watchers, the size of the company’s IPO will be more than Rs 2,000 thousand crore. The company will use the money from the IPO to build a new hospital.
The company built a 50-bed hospital in Hyderabad for the first time in 1999. Since then, the company has established itself in the market as a child-related facility. As of 20 December 2021, Rainbow currently operates 14 hospitals and 3 clinics in 6 cities. It has a total capacity of 1500 beds.