 "initial public offerings")
The Rs 1,581 crores-initial public offer (IPO) of Hyderabad-based Rainbow Children’s Medicare Ltd will open for subscription on Wednesday, April 27, and close on Friday, April 29.
The IPO consists of a fresh issue of shares worth Rs 280 crores and an offer-for-sale worth Rs 1,301 crores by the company’s promoters and selling shareholders. The price band of the issue has been fixed at Rs 516-542 per share.
The firm is a multi-specialty paediatric and obstetrics and gynaecology hospital chain operating 14 hospitals and three clinics in six cities with a total bed capacity of 1,500 beds.
While analysts are positive on the
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