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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:
| Issue Open | Mar 25, 2022 - Apr 18, 2022 |
| Security Name | Rainbow Foundations Limited |
| Issue Size (Shares) | 4.41 Crores |
| Issue Size (Amount) | ₹48.52 Crores |
| Issue Price | ₹11 per share |
| Face Value | ₹10 per share |
| Minimum Lot size | |
| Market Lot | 1 per share |
| Listing At | BSE |
| Terms of Payment | Investors will have to pay the full amount of Rs 11 on the application. |
| Entitlement | 8 Rights Equity Shares for every 1 fully paid-up Equity Shares held on the Record Date |
| Bid/Offer Opens On | Mar 25, 2022 |
| Bid/Offer Closes On | Apr 18, 2022 |
| Record Date | Mar 11, 2022 |
| Deemed Date of Allotment | Apr 26, 2022 |
| Renunciation of Rights Entitlements | Apr 11, 2022 |
| Particulars | For the year/period ended (Rs.in Lakhs) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 30,286.55 | 27,791.10 | |
| Total Income | 3,768.32 | 2,915.97 | |
| Profit After Tax | 114.38 | 170.13 | |
The objects of the Issue are:
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Rainbow Foundations Limited
No. 4, Thanikachalam Road,
T. Nagar, Chennai,
Tamil Nadu- 600017
Phone: +91- 044-24344647, 243546
Email: rfl.rightsissue@gmail.com
Website: https://www.rainbowfoundations.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://online.cameoindia.com/
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