Rainbow Children’s Medicare’s Rs 1581-crore IPO, which received 12.43 instances subscription, will finalise the share allotment on Thursday, 5 May. The initiation of refunds or unblocking of funds from ASBA account will happen on 6 May, and the fairness shares will get credited to depository accounts of allottees on 9 May. Rainbow Children’s Medicare IPO is more likely to record on inventory exchanges on 10 May 2022, based on RHP. The IPO shares had been bought at a worth vary of Rs 516-542 per share,
In the gray market on Monday, Rainbow Children’s Medicare had been buying and selling at a premium of Rs 27 or 5 per cent to the IPO worth. The shares had been seen tradng at Rs 569 per share within the gray market, based on the individuals who deal in unlisted shares of the businesses. “The company has delivered steady numbers and valuations looks in-line with peers. The expected listing gains should be around 5-10%. The expectations further have a room for an upside if market sentiments improves before its listing,” Abhay Doshi, Founder, UnlistedArea.com, dealing in Pre-IPO & Unlisted Shares, informed FinancialExpress.com. The IPO buyers can test the IPO allotment standing through BSE and the registrar’s web sites. The registrar of the difficulty is KFin Technologies, a SEBI-registered entity, liable for the IPO allotment and refund processing.
How to test Rainbow Children’s Medicare share allotment standing through KFin Tech Private Ltd web site
Investors can test the allotment standing on KFin Technologies web site below the IPO Status part when it will get declared. After that, choose the IPO and enter both your software quantity or DPID/Client ID or PAN. In the case of the applying quantity field, choose software sort and enter the applying quantity. If the DPID/Client ID field is chosen, choose the depository from the drop-down menu, enter DPIP, Client ID. If the PAN choice field was chosen, enter the everlasting account quantity. In the final step, enter the given captcha and click on submit. This will present the variety of shares which have been utilized and allotted to the investor.
Check Rainbow Children’s Medicare share allotment standing through BSE web site
The allotment standing in Rainbow Children’s Medicare may also be checked through the BSE web site. From this hyperlink, choose the difficulty sort as ‘equity’, and ‘Rainbow Children’s Medicare’ as the difficulty sort from the drop-down record, when it will get declared. Enter software quantity and PAN (everlasting account quantity). In the final step, click on on the search tab to view the standing particulars.
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Source: www.financialexpress.com”