Rainbow Hospitals

Shares of Rainbow Children's Medicare hit a new high of Rs 884 on Thursday; rallied 25 per cent in five days after the company delivered robust operational and financial performance for Q2FY23.

Stock end at Rs 450, Rs 92 below issue price of Rs 542 a share

The stock listed at Rs 506, a 7% discount when compared with its issue price of Rs 542 per share on the BSE.

Analysts have flagged concerns around increased competition from bigger hospital players, and the inability to sustain profitability levels.

The IPO of eMudhra consists of fresh issuance of equity shares worth Rs 200 crore and an OFS of 85.1 lakh shares by promoters and existing shareholders, draft papers showed