• Biz Industry

Rainbow Children’s Medicare Limited files DRHP with SEBI



Rainbow Children’s Medicare Limited files DRHP with SEBI

Rainbow Children’s Medicare Limited, a leading Indian multi-specialty paediatric and obstetrics and gynaecology hospital chain backed by UK-based development finance institution CDC Group plc, has filed the draft red herring prospectus (DRHP) with the capital markets regulator, SEBI to raise funds through an initial public offering (IPO).


The Initial Public Offering comprises fresh issue of equity shares aggregating up to ₹280 crore and an offer sale of up to 2.4 crore equity shares by the selling shareholders.


The Company proposes to utilise the net proceeds from the fresh issue towards early redemption of NCDs issued by the Company, in full; Capital expenditure towards setting up of new hospitals and purchase of medical equipment for such new hospitals; and general corporate purposes.


The offer also includes a reservation for subscription by eligible employees.


The Book Running Lead Managers to the offer are Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and IIFL Securities Limited.

24 views0 comments