 "Rainbow Children's Medicare")
Multi-specialty hospital chain Rainbow Children’s Medicare on Tuesday alloted shares worth Rs 470 crore to anchor investors. Close to 8.7 million shares were alloted to 36 institutional investors at Rs 542 per share, the upper end of the price band.
The Government of Singapore, SBI Mutual Fund, Axis Mutual Fund, Neuberger and HDFC Life are some of investors to get allotment in the anchor category.
The Hyderabad-based Rainbow Medicare is looking to raise Rs 280 crore by selling new shares in the IPO. The rest of the issue comprises of secondary share sale worth Rs 1,300 crore. At the top-end
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