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Rainbow Foundations Rights Issue FAQ's

Rainbow Foundations Rights Issue Detail
Issue Open Mar 25, 2022
Issue Close Apr 18, 2022
Issue Size (Shares) 4.41 Crores
Issue Size (Amount) ₹48.52 Crores
Issue Price ₹11 per Share
Listing At BSE

Rainbow Foundations Rights Issue Date & Price FAQs

Rainbow Foundations Rights Issue Timetable

Last Date for credit of Rights EntitlementsMar 17, 2022
Last Date for renunciation of Rights EntitlementsApr 11, 2022
Issue Opening DateMar 25, 2022
Issue Closing DateApr 18, 2022
Allotment DateApr 26, 2022
Shares Credit DateApr 28, 2022
Listing DateMay 2, 2022

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

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

Rainbow Foundations Rights Issue listing date is May 2, 2022.

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

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 say at what price Rainbow Foundations Rights Issue shares will list. The price depends on the demand and supply of company's shares on the day of listing.

Sorry, we do not provide rights issue's recommendations. But we share a lot of information about Rainbow Foundations Rights Issue which could help you with questions like Rainbow Foundations Rights Issue buy or not? Consider reading Rainbow Foundations Rights Issue reviews and analysis from experts posted on rights issue detail page.

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