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Rainbow Foundations Limited Rights Issue (Rainbow Foundations Rights Issue) Detail

Mar 25, 2022 - Apr 18, 2022
Rainbow Foundations Limited Logo

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:

  1. Rich experience of our Promoters and Management.
  2. The proximity of Projects.
  3. Adequate Basic Necessities.
  4. Execution of Project.
  5. Brand Recognition.
  6. Location of the Proposed Residential Projects.

Rainbow Foundations Rights Issue Detail

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

Rainbow Foundations Rights Issue Issue Timetable

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

Company Financials

Summary of financial Information (Consolidated)
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

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.

Rainbow Foundations Rights Issue Documents

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Company Contact Information

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/

Rainbow Foundations Rights Issue Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: priya@cameoindia.com
    Website: https://online.cameoindia.com/

Rainbow Foundations Rights Issue Lead Manager(s)


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