The company offers services such as pediatric multi-speciality services, obstetrics and gynaecology, neonatal and intensive care, and paediatrics. quaternary care. The issue size of the IPO is Rs 1,580 crore. Out of the total, IPO has the latest issue of Rs 280 crore. The IPO offers sales of Rs 1,300.85 crore.
Rainbow Children’s Medicare IPO GMP
According to market observers, Rainbow Children’s Medicare IPO Gray Market Premium (GMP) is Rs 50 today, which is Rs 15 more than Sunday’s Gray Market Rs 35 premium. The gray market has been negative for the last two sessions as a sentiment of the secondary market and today the stock market is open in red. He said that after the change in the trend in the secondary market, the share prices of Rainbow Children’s Medicare in the gray market will change rapidly. In the last few days, Rainbow Children’s Medicare IPO GMP has come down from Rs 53 to Rs 35. Therefore, today’s increase is expected to bring relief to those who are planning to invest in public issues. Rainbow Children’s Medicare IPO GMP is priced at Rs. About 9% more than Share.
However, stock market analysts have warned IPO investors to decide to invest only on the basis of GMP. He said that GMP is unofficial and unorganized data. It has nothing to do with the company’s finances. He advised investors to look at the basic principles in the company’s balance sheet.
Rainbow Children Medicare IPO Rational
Rainbow Children’s Medicare will use the proceeds from the latest issue on capital expenditures to establish new hospitals and purchase medical equipment for such new hospitals. For early payment of non-convertible debentures (NCDs) issued entirely by the company; And for general corporate purposes, he said.
It is a chain of multi-specialty pediatric, obstetric and gynecological hospitals based in South India. Rainbow Children’s Medicare is one of the leading hospital chains for its newborns in India. The company has 14 hospitals and three clinics in six cities, with a total capacity of 1,500 beds.
The company offers a wide range of services such as neonatal and pediatric intensive care, pediatric multispecialty services, pediatric quaternary care, obstetrics and gynecology, including general and complex obstetric care, and multidisciplinary fetal care, perinatal genetics and care. Search is included.
Rainbow Children’s Medicare IPO Should You Invest?
Santosh Mina, Head of Research, Swastika Invest Mart Ltd. Rainbow Children’s Medicare Ltd. “Rainbow Children’s Medicare Limited (RCML) is a leading multispecialty pediatric and obstetric and gynecology hospital in India, China. They have followed a financially disciplined model, with cost-effective growth.” Going forward, they may seek to expand their hospital network by acquiring Brownfield Assets or developing Greenfield Assets. This issue is a combination of OFS and the latest issue and financial At 22-year annual numbers, it is priced at 43.53 PE.
The profit for the nine months ended December 31, 2021 increased significantly to Rs 126.41 crore from Rs 38.53 crore in the corresponding period of the previous financial year. It is possible that this sudden increase in profits was due to the admission of Kwid second wave hospitals in Q1 FY21-22. Thus we understand that this rapid increase in profits cannot continue in the future. However, the unique nature of the business, the experienced management team, the proven ability to attract, train and retain highly qualified medical professionals with access to hospitals in India, address this issue for long term investors. Makes good, ”Mina said.
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