April 29 is the last day to subscribe to the IPO of Rainbow 8Children's Medicare

April 29 is the last day to subscribe to the initial public offering (IPO) of Rainbow Children's Medicare. Rainbow Children's Medicare is a Hyderabad-based chain of paediatric hospitals. The initial public offering of Rainbow Children's Medicare in the first two days of the subscription process received an amazing response from investors and was oversubscribed by 0.54 times. Rainbow Children's Medicare’s IPO includes a fresh issue of equity shares up to ₹280 crores and an offer sale of up to 2.4 crore shares. The Hyderabad-based Hospital chain, currently, operates 14 hospitals and three clinics in six cities. It has a total bed capacity of 1,500 beds.

Rainbow Children's Medicare has 602 full-time doctors and 1,686 part-time/visiting doctors. The firm believes in a full-time doctor model for a high degree of patient satisfaction. The healthcare firm looks to expand the hospital network and is in the process of creating a digital healthcare delivery solution that allows healthcare delivery irrespective of geography. The Grey Market prediction of the premium of the shares of Rainbow Children's Medicare has increased  to ₹30 from ₹15 earlier. Meanwhile,  most analysts have recommended subscribing to the IPO of Rainbow Children's Medicare.