Rainbow Childrens Medicare Ltd. has announced public offering of 29166952 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 532.00 per share. The gross proceeds of the issue are expected to be Rs 1,58,084.88 lakhs.

The company's initial public offer (IPO) will open on 27 April 2022 and is expected to close on 29 April 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 516.00-542.00 per share.

The IPO includes a fresh Issue of 29166952 Equity Shares of the Company at an price of Rs 542.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 27 shares with bids in multiples of 27.

Rainbow Childrens Medicare Ltd. anticipates using the proceeds of the issue for Early redemption of NCDs issued by the Company to CDC Emerging Markets Limited (“CDCEML), one of the Group Companies, in full

Capital expenditure towards setting up of new hospitals and purchase of medical equipment for such new hospitals

General corporate purposes.

JP Morgan India Private Limited.,Kotak Mahindra Capital Company Ltd.,IIFL Securities Limited as lead manager(s) & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.