Rainbow Children’s Medicare Initial Public Offering will hit primary markets next week with a price band of Rs 516 to Rs 542 per equity share. The public issue will open for bidding on 27th April 2022, and it will remain open for subscription till 29th April 2022.

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Revealing the Rainbow Children’s Medicare IPO price details on the BSE website informed that the company is going to offer 2,94,38,884 equity shares of the company in its offerings, citing,

“Retail Individual Investors shall have Unified Payments Interface (UPI) as an additional payment mechanism with Application Supported by Block Amount (ASBA) for making payments. All Other Category of Investors shall mandatorily use only Application Supported by Blocked Amount (ASBA) facility for making payments.”

The Bombay Stock Exchange informed that the company promoters have fixed Rainbow Children’s Medicare IPO price band at Rs 516 to Rs 542 per share.

The BSE further informs that a bidder will be able to apply for Rainbow Children’s Medicare IPO in lots, and one lot of the public issue will comprise 27 shares. The likely date for Rainbow Children’s Medicare IPO allotment is 5th May 2022, and Rainbow Children’s Medicare shares will be listed on BSE and NSE. The tentative date for Rainbow Children’s Medicare IPO listing is 10th May 2022. The official registrar appointed for the IPO is KFin Technologies Limited.