Rainbow Children's Medicare Public Offer Opens April 27
NDTV
The initial share sale of multi-speciality pediatric hospital chain Rainbow Children's Medicare Limited, will open for subscription on April 27
The Rs 2,000-crore initial share sale of multi-speciality pediatric hospital chain Rainbow Children's Medicare Limited will open for public subscription on April 27.
The-three day initial public offering (IPO) will conclude on April 29, and the bidding for anchor investors will open on April 26, the red herring prospectus (RHP) with Securities and Exchange Board of India (SEBI) showed on Thursday.
The public issue comprises a fresh issue of equity shares aggregating up to Rs 280 crore and an offer sale of up to 2.4 crore equity shares by the selling shareholders.
Those selling shares in the offer for sale (OFS) are promoters - Ramesh Kancharla, Dinesh Kumar Chirla and Adarsh Kancharla, promoter group entity Padma Kancharla and investors British International Investment plc (formerly known as CDC Group plc) and CDC India.
