Rainbow Foundations Rights Issue FAQ's

₹48.52 Crores | Listing at BSE | Fri, Mar 25, 2022 - Mon, Apr 18, 2022

Rainbow Foundations Limited Rights Issue Date 2026 & Price FAQs

The timetable for Rainbow Foundations Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsThu, Mar 17, 2022
Last Date for renunciation of Rights EntitlementsMon, Apr 11, 2022
Issue Opening DateFri, Mar 25, 2022
Issue Closing DateMon, Apr 18, 2022
Date of Allotment (on or about)Tue, Apr 26, 2022
Date of Credit (on or about)Thu, Apr 28, 2022
Date of Listing (on or about)Mon, May 2, 2022

Rainbow Foundations Rights Issue price is set at ₹11 per share. The Rainbow Foundations Rights Issue opens on Fri, Mar 25, 2022, and closes on Mon, Apr 18, 2022, for the subscription.

The allotment of Rainbow Foundations Rights Issue is expected to happen on or about April 26, 2022 as per the issue schedule.

Rainbow Foundations Rights Issue listing date is 2022-05-02T00:00:00.000Z.

The credit of Rainbow Foundations Rights Issue in Demat account is expected on or about April 28, 2022 as per the issue schedule.

Objects of the Issue:

The objects of the Issue are:

  1. Redemption of up to 3,65,00,000 0.01% Non- Convertible Redeemable Cumulative Preference Shares (NCRCPS) of Rs.10 each.
  2. General Corporate Purposes.

It is difficult to predict the exact listing price of Rainbow Foundations Limited Rights Issue shares. The price depends on the demand and supply of the company's shares on the day of listing.

We do not provide Rights Issue recommendations. However, we share a lot of information about Rainbow Foundations Limited which could help you with questions like whether to subscribe or not. Consider reading Rainbow Foundations Limited reviews and analysis from experts posted on the Rights Issue detail page.