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Right Issue Status: Closed [25th Mar 2022 to 18th Apr 2022]
Rainbow Foundations right issue of Rs. 48.52 Cr opens for subscription from 25 Mar to 18 Mar 2022. The company issues 8 right equity shares for every 1 fully paid-up equity shares held on the record date, 11 Mar 2022 at a price of Rs. 11 per share. The entire amount of Rs. 11 is payable on the application. Stay updated with us to know more about the Rainbow Foundations Rights Issue including issue size, right issue entitlement, terms of payment, and more.
The right issue aims to raise money for the below objectives;
| Rainbow Foundations Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 4.41 Cr |
| Right Issue Issue Size (Amount) | ₹48.52 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹11 per share |
| Right Issue Record Date | 11th Mar 2022 |
| Right Issue Entitlement | 8 rights equity share for every 1 fully paid up equity share held on the record date |
| Right Issue Terms of payment | The full amount of Rs. 11 per rights equity share is payable on application. |
| Listing At | BSE |
| BSE Code | 531694 |
| NSE Code |
In this section we have covered all important dates related to Rainbow Foundations Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 25th Mar 2022 |
| Right Issue Issue Close Date | 18th Apr 2022 |
| Basis of Allotment Finalisation Date* | 26th Apr 2022 |
| Refunds Initiation* | 26th Apr 2022 |
| Credit of Shares to Demat Account* | 28th Apr 2022 |
| Right Issue Listing Date* | 2nd May 2022 |
* - Tentative Dates
Zerodha Trade@20
Rainbow Foundations is engaged in the business of identifying, developing, and promoting highly potential real estate for the purpose of development and selling commercial and residential apartments in various places of Tamil Nadu.
The company is in the business of real estate development in India that constructs flats, commercial complexes, villas, and also develops and markets plots and lands in India. It has already constructed apartments and independent houses in Chennai. Rainbow Darshan, Rainbow Apartments, Rainbow Nikethan, Rainbow Naveen, Rainbow Court, Rainbow Ashish are a few of the successfully completed residential projects. Rainbow Girnar, Rainbow Crystal Height, Rainbow Trade Centre, Rainbow Sarala Avenue, and Rainbow Adarsh are the ongoing construction projects, while It also has proposed construction projects in Choolai and Purasawalkkam.
Past performance and financial results of Rainbow Foundations.
| Rainbow Foundations Financials (₹ in thousand) | 31-Mar-2021 | 31-Mar-2020 |
|---|---|---|
| Total Assets | ₹30,28,654.67 | ₹27,79,110.28 |
| Total Income | ₹3,76,831.65 | ₹2,91,597.16 |
| Net Profit/Loss | ₹11,438.27 | ₹17,012.58 |
The table below is live update of Right Issue bidding details from NSE and BSE.
Rainbow Foundations Right Issue Offer Document (Letter of Offer) >>Document
Rainbow Foundations Right Issue Offer Document (Letter of Offer) >>Rainbow Foundations Right Issue Red Herring Prospectus is not yet available.
Rainbow Foundations Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Rainbow Foundations Right Issue Online Application (Registrar & Transfer Agent) >>Rainbow Foundations Right Issue RTA information is not yet available.
Last Updated on 2022-04-11T17:10:11+00:00
