Rainbow Children's Medicare IPO to start from April 27; IPO includes a fresh issue of Rs 280 crore

Rainbow Children's Medicare IPO to start from April 27; IPO includes a fresh issue of Rs 280 crore Initial public offering (IPO) of Rainbow Children's Medicare, a multi-specialty pediatric, obstetrics and gynecology hospital chain, will run from April 27 to 29. The firm plans to allot shares on 5 May and list on 10 May. Rainbow Children's Medicare leading multi-specialty pediatric and obstetrics and gynecology hospital chain in India, operating 14 hospitals and 3 clinics in six cities, with a total bed capacity of 1,500 beds, as of December 31, 2021. Our core specialties are pediatrics, which includes newborn and pediatric intensive care, pediatric multi-specialty services, pediatric quaternary care (including multi organ transplants); and obstetrics and gynecology, which includes normal and complex obstetric care, multi-disciplinary fetal care, perinatal genetic and fertility care. Summary of the Industry in which our Company operates The total hospital market size in India in financial year 2020 was expected to be approximately ₹4,270 billion growing at a CAGR of 13% between the financial years 2016 and 2020. The maternity market has seen a growth of 8% between the financial years 2016 and 2020 and is expected to grow at 7-8% between the financial years 2020 and 2026 supported by strong growth in private segment of 11-12% CAGR. Pediatric market which has grown at 14% CAGR between financial years 2016 and 2020 is expected to grow at the same growth going forward. Names of the Promoters Promoters are Dr. Ramesh Kancharla, Dr. Dinesh Kumar Chirla and Dr. Adarsh Kancharla. The IPO includes a fresh issue of Rs 280 crore as well as an offer to sell up to 24 million shares by shareholders and promoters.