|
Category :
IPO
Headline :
Rainbow Childrens Medicare Ltd. debuts with 6.64% discount at Rs 506.00
Date:
10/05/2022 10:20
Rainbow Childrens Medicare Ltd. makes a weak debut on the bourses with scrip got listed at Rs 506.00 on the Bombay Stock Exchange, a 6.64 per cent discount to its issue price of Rs 542.00. On the National Stock Exchange, the stock was listed at Rs 510.00.
The company, which raised 2.92 Cr from initial public offering, was subscribed 8.83 times, receiving bids for 2,576.35 lakhs shares against the total issue size of 291.67 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Apr 27 to Apr 29.
Following a weak opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company 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 managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 54,470.67, down 364.91 points, or 0.66 per cent.
|