Why Rainbow IPO is falling?

Why Rainbow IPO is falling?

Analysts said the listing happened at a discount to the IPO price due to the weak market sentiment. Its leadership in the paediatrics space provides it with an edge and long-term investors can look to buy the stock at lower levels. “The listing disappointed in line with the broader market.

Is Rainbow IPO allotment done?

All the bidders who have applied for the IPO will be able to check the basis of allotment on 5 May 2022. The Process of Initial Public Offering will come to an end on 10th May 2022….Rainbow IPO Allotment Status.

Name of the Company	Rainbow Children’s Medicare Limited
Price of the IPO	Rs. 516 to Rs. 542 per share

What is GMP Rainbow Children Medicare IPO?

Since Rainbow Children’s Medicare IPO GMP today is Rs 15 it means the grey market is Rainbow Children’s Medicare IPO listing around Rs 557 ( Rs 542 + Rs 15), around 3 per cent higher from Rainbow Children IPO price band of Rs 516 to Rs 542 per equity share.

What is GREY market IPO?

Grey market is also known as the ‘parallel market’ where financial securities are traded and investors trade for shares or IPO applications before they are listed in the secondary market.

Who is the owner of Rainbow Children’s Hospital?

naresh sharma – CEO – rainbow hospital | LinkedIn.

How can I get LIC IPO?

The IPO application process But typically, you will be looking for the IPO listing on the platform. While there, select LIC IPO and look for the Policyholder category. Simply enter your details and make a bid. Once you submit your bid, you will receive a mandate from the sponsor bank.

How do I find Rainbow IPO?

How to check Rainbow Children’s Medicare IPO allotment status at KFin Tech

1. Login at the direct KFintech link — kprism.kfintech.com/ipostatus/;
2. Select the Rainbow Children’s Medicare IPO;
3. Select either of IPO Application Number or DPID/Client ID or PAN (Let’s take application number);

How do I find my rainbow IPO allotment?

BSE Website

1. Login at the direct BSE link bseindia.com/investors/appli_check.aspx.
2. Select the Rainbow Children’s Medicare IPO.
3. Enter your Rainbow Children’s Medicare IPO application number.
4. Enter your PAN details.
5. Click on ‘I’m not a robot’
6. Click on ‘Submit’ button.
7. The allotment status will be displayed on the screen.

How do I check my rainbow IPO allotment status?

Those who subscribed for Rainbow Children’s Medicare’s IPO may verify their allotment online by signing in to the BSE or the KFinTech Technologies Ltd (Company’s registrar) website….

1. 3.1 From BSE’s website:
2. 3.2 From KFinTech Technologies Website:
3. 3.3 Rainbow Children Medicare IPO Allotment Finalised Today: Links.

What is face value IPO?

The face value, also known as par value, is the fixed price of the particular share decided by the company to come out with an Initial Public Offering (IPO). The face value can be any value like INR 2, INR 10, or INR 1000.

What is an IPO in stock market?

When a private company first sells shares of stock to the public, this process is known as an initial public offering (IPO). In essence, an IPO means that a company’s ownership is transitioning from private ownership to public ownership.

What is GMP manufacturing?

Good manufacturing practice (GMP) is a system for ensuring that products are consistently produced and controlled according to quality standards. I.

Is grey market illegal?

The gray market is an unofficial one but is not illegal. The term “gray market” also refers to the import and sale of goods by unauthorized dealers; in this instance as well, such activity is unofficial but not illegal.

Can I sell IPO stock on listing day?

IPO trading only starts when the market opens on the listing day. You cannot usually sell before this time. They can be sold at or after the beginning of the trading session on listing day.

Can you sell IPO shares immediately?

IPO trading starts with the market opening time on listing day. Therefore you can’t sell prior to this moment. Hence IPO shares can be sold at or after the beginning of the normal trading session on listing day.

How is Mahesh Babu related to Rainbow Hospital?

Mahesh Babu said that he was very happy to launch the Rainbow hospital in Vijayawada and had been associated with the Rainbow group for the past six years. “I personally felt happy with the services rendered by Rainbow Hospitals as my son Gowtham and daughter Sitara were born in this hospital,” he said.

Who is the CEO of Rainbow hospital?

Ramesh Kancharla is the Chairman & Managing Director at Rainbow Hospitals .

How many rainbow hospitals are there in India?

The Rainbow Hospital Group currently operates out of twelve locations – six in Hyderabad, two in Vijayawada, two in Bengaluru, one unit each in Delhi and Chennai. The Group is in process of setting up another hospital in Vizag (Visakhapatnam) too.