Rainbow Children’s Medicare Listing: Another company is listed in the market today and it has not given the expected returns to its investors. Rainbow Children’s Medicare has been listed on BSE and NSE today and its listing has been done with 6 percent discount. Its issue price was Rs 542, but the shares have been listed below it.
How much did Rainbow Children’s Medicare Shares list?
Shares of Rainbow Children Medicare are listed today at Rs 506 on BSE and Rs 510 on NSE. In this way, Rainbow Children’s Medicare is listed with 7 percent discount on BSE and 6 percent discount on NSE.
What are the special features of IPO
The Initial Public Offer (IPO) of Rainbow Children’s Medicare Limited was open for investor subscription on April 27 and was available for 3 days and closed on April 29. The company had planned to raise Rs 2000 crore through IPO.
Rainbow Children’s Medicare IPO closed 12.43 times subscribed. The share of non-institutional investors was subscribed 3.73 times and that of retail investors was subscribed 1.38 times. For retail investors, 35 per cent was kept in reserve. At the same time, the share of QIB i.e. eligible institutional investors in this IPO was filled 38.9 times. Under this part 15 percent was kept reserved.
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