Rainbow Foundations Limited Right Issue

₹48.52 Cr BSE 25 Mar 2022 – 18 Apr 2022

Closed BSE
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Issue Price
₹11.00
Face Value
₹10.00
Issue Size (Shares)
44,104,800
Issue Size (₹ Cr.)
₹48.52
📅 Right Issue Timetable
Last Date to Buy Shares
Record DateFri, Mar 11, 2022
Credit of Rights EntitlementsThu, Mar 17, 2022
Bid/Offer Opens OnFri, Mar 25, 2022
Issue Open DateFri, Mar 25, 2022
Renunciation Last DateMon, Apr 11, 2022
Bid/Offer Closes OnMon, Apr 18, 2022
Issue Close DateMon, Apr 18, 2022
Deemed Date of AllotmentTue, Apr 26, 2022
Credit DateThu, Apr 28, 2022
Listing DateMon, May 2, 2022
📋 Right Issue Details
Issue Size (Shares)44,104,800
Issue Size (Amount)₹48.52 Cr.
Issue Price₹11.00 per share
Face Value₹10.00 per share
Entitlement Ratio
Listing AtBSE
Terms of Payment₹11 per share payable in full at the time of application.
📊 Company Financials (Restated)
Period Ended2021-03-312020-03-31FY I
Income3,768.322,915.97
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Redemption of up to 3,65,00,000 0.01% Non- Convertible Redeemable Cumulative Preference Shares (NCRCPS) of Rs.10 each.
2General Corporate Purposes.
🏢 About the Company
Rainbow Foundations Limited is a real estate development company that engages in promoting, selling, and developing residential & commercial properties in Tamil Nadu. Incorporated in 1994, the company builds apartments, individual houses, office spaces, and commercial complexes. The company focuses on offering its clients the highest standard of living with the best quality of facilities like smart home designs, quality products, affordable residential flats and villas, and well-structured architecture. The company completed the following residential projects, including Rainbow Darshan, Rainbow Courtyard, Rainbow Paradise, and Rainbow Retreat amongst others.

The company's ongoing projects are Rainbow Trade Centre (commercial project), Rainbow Crystal Height, Rainbow Sarala Avenue, Rainbow Adarsh, and Rainbow Girnar (residential projects).

Competitive Strengths:

Rich experience of our Promoters and Management.
The proximity of Projects.
Adequate Basic Necessities.
Execution of Project.
Brand Recognition.
Location of the Proposed Residential Projects.
📞 Company Contact
CompanyRainbow Foundations Limited
AddressNo. 4, Thanikachalam Road,
T. Nagar, Chennai,
Tamil Nadu- 600017
Phone+91- 044-24344647
Emailrfl.rightsissue@gmail.com
WebsiteVisit ↗
📝 Registrar
NameCameo Corporate Services Ltd
Phone044-28460390
Emailpriya@cameoindia.com
WebsiteVisit ↗