Rainbow Foundations Rights Issue Date 2022, Price, Entitlement Ratio, Allotment Details

Rainbow Foundations rights issue to start from 25 March 2022 and will close on 16 April 2022. The record date is fixed for 11 March 2022. The Rainbow Foundations rights issue entitlement ratio is 8:1, 8 right shares for every 1 fully-paid equity shares held on the record date. 

Rainbow Foundations Ltd is a real estate development company that aims to empower Chennai to construct improved structures and to build faith amongst its valuable customers. The company was incorporated in 1994, engaged in both residential and commercial projects. They are developing residential and commercial projects in Tamil Nadu. Their core focus is Smart Home Design, Beautiful Serenity, Exceptional Lifestyle, and Complete Home. They completed Rainbow Darshan, Rainbow Courtyard, Rainbow Paradise, and Rainbow Retreat projects. Their ongoing projects are Rainbow Trade Centre (commercial project), Rainbow Crystal Height, Rainbow Sarala Avenue, Rainbow Adarsh, and Rainbow Girnar (residential projects). Check out Rainbow Foundations’s rights issue details.

Rainbow Foundations

Rainbow Foundations Rights Issue Date & Price Band

 Rights Issue Open:  25 March 2022
 Rights Issue Close:  16 April 2022
 Rights Issue Size:  Approx ₹48.52 Crores 
 Rights Record Date:  11 March 2022
 Price Band:  ₹11 Per Equity Share
 Face Value:  ₹10 Per Equity Share
 Listing on:  BSE
 Entitlement Ratio:   8:1 (8 rights shares for every 1 shares)
 Equity:  4,41,00,000 Equity Share
 Live Share Price:  Click Here

Rainbow Foundations Rights Issue Time Table

 Rights Record Date   11 March 2022
 Deemed Date of Allotment  26 April 2022
 Renunciation of Rights Entitlements  11 April 2022

Rainbow Foundations Rights Issue Form & How to Apply

How to apply the Rainbow Foundations rights issue? You can check Rainbow Foundations rights issue details on click here. You can apply the Rainbow Foundations rights issue via form download on NSE & BSE website where you can download blank forms & submit them to your bank or broker. You can apply online via ASBA or UPI via your Demat account details.

Rainbow Foundations Financial Report

  ₹ in Crores
Year Revenue Expense PAT
2019 ₹39.66 ₹38.38 ₹0.64
2020 ₹29.16 ₹26.74 ₹1.70
2021 ₹37.68 ₹36.02 1.14

Quick Links

Rainbow Foundations Rights Issue Allotment Status

Cameo Corporate Services Limited

Phone: +91 44 28460390

Email: priya@cameoindia.com

Website: https://online.cameoindia.com/

Check Rainbow Foundations issue on Cameo Corporate website allotment URL. Click Here

Rainbow Foundations Rights Issue Lead Managers

  • Turnaround Corporate Advisors Private Limited

Company Address:

Rainbow Foundations Limited

No. 4, Thanikachalam Road,

T. Nagar, Chennai,

Tamil Nadu – 600017

Phone: +91 44 24344647, 243546

Email: rfl.rightsissue@gmail.com

Website: https://www.rainbowfoundations.in/

Rainbow Foundations Rights Issue FAQs:

When is Rainbow Foundations Rights Issue Record Date?

Rainbow Foundations Rights Issue 2022 record date is 11 March 2022.

What is Rainbow Foundations Rights Issue Price?

The company has fixed the price at ₹11 per equity share.
What is the Rainbow Foundations Rights Issue Ratio?

The company has fixed the ratio (8:1), 8 Rights Equity Share for every 1 Equity Shares as on record date.
How to apply for Rainbow Foundations Rights Issue 2022?

As per the record date you need to have Rainbow Foundations shares in your Demat account. You can participate in Rights Issue via offline form download or you can apply online via ASBA or UPI options.

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