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Significant beat across all parameters... About the stock: Rainbow Children’s Medicare (RCML) is a leading chain of paediatric multi-speciality and perinatal hospitals in India, operating 16 hospitals and three clinics in six cities, with a total bed capacity of 1,655 beds. * Paediatric: Perinatal revenues break-up- 70:30 * Revenue, EBITDA grew at CAGR of 21.3%, 24.2%, respectively, in FY19-23 * Healthy return ratios with last three-year’s average RoE, RoCE o...
Hold Rainbow Childrens Medicare Ltd For Target Rs.900 - ICICI Direct
The company reported standalone net profit of Rs 14.44 crore for the quarter ended March 31, 2022 as compared to Rs 4.57 crore in the same period last year, registering a year-on-year growth of 215.97 per cent. Net revenue of the company rose substantially by 32.19 per cent at Rs 201.15 crore in January-March quarter of this fiscal as against Rs 152.17 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 29.30 per cent to Rs 154.17 crore f...
Rainbow Hospitals Q4 net profit zooms 215.97% at Rs 14.44 cr
Rainbow Children’s Medicare has debuted at Rs 506.00 on the BSE, down by 36 points or 6.64% from its issue price of Rs 542. The scrip is currently trading at Rs 492.30, up by 49.70 points or 9.17% from its issue price. It has touched a high and low of Rs 519.35 and Rs 482.00 respectively. So far 2.25 lakh shares were traded on the counter. The offering, which was open for subscription between April 27, 2022 and April 29, 2022, was subscribed 12.43 times on the last day of the bidd...
Rainbow Children’s Medicare makes quiet opening with 7% discount on the BSE
Salient features of the FPO: Salient features of the FPO • South India focused pediatric multi-specialty hospital chain operator, Rainbow Children’s Medicare Ltd. (RCML)is coming up with an IPO to raise Rs. 1,581cr, which opens on 27th Apr. and closes on 29th Apr. 2022. The price band is Rs. 516 - 542 per share. • The IPO is a combination of fresh issue and OFS portion. It will not receive any proceeds from the OFS part. Of the fresh issue net proceeds, Rs. 40cr...
IPO Note - Rainbow Hospitals Ltd By Choice Broking
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