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

March 25, 2022 - April 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 March 25, 2022 - April 18, 2022
Security Name Rainbow Foundations Limited
Issue Size (Shares) 44,104,800
Issue Size (Amount) ₹48.52 Crores
Issue Price ₹11 per share
Face Value ₹10 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

Record Date March 11, 2022
Credit of Rights Entitlements March 17, 2022
Bid/Offer Opens On March 25, 2022
Renunciation of Rights Entitlements April 11, 2022
Bid/Offer Closes On April 18, 2022
Deemed Date of Allotment April 26, 2022
Credit Date April 28, 2022
Listing Date May 2, 2022

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended ( 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

Rainbow Foundations Rights Issue Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390

Rainbow Foundations Rights Issue Lead Manager(s)

Rainbow Foundations Rights Issue FAQs

The Rainbow Foundations Rights Issue opens on March 25, 2022, and closes on April 18, 2022.

Rainbow Foundations Rights Issue Schedule

Last Date for credit of Rights EntitlementsMarch 17, 2022
Last Date for renunciation of Rights EntitlementsApril 11, 2022
Issue Opening DateMarch 25, 2022
Issue Closing DateApril 18, 2022
Date of Allotment (on or about)April 26, 2022
Date of Credit (on or about)April 28, 2022
Date of Listing (on or about)May 2, 2022

Rainbow Foundations Rights Issue price is set at ₹11 per share per equity share.

The eligible shareholders are being offered 8 Rights Equity Shares for every 1 fully paid-up Equity Shares held on the Record Date (March 11, 2022).

The record date for the Rainbow Foundations Rights Issue is March 11, 2022.

The issue size of Rainbow Foundations Rights Issue is of 44,104,800 equity shares at ₹11 per share aggregating upto ₹48.52 Crores.

The Letter of Offer for Rainbow Foundations Rights Issue can be download here.

You can apply for Rainbow Foundations Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Rainbow Foundations Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Rainbow Foundations Rights Issue available on the list.
  4. Click the Apply button next to the Rainbow Foundations Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Rainbow Foundations Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Rainbow Foundations Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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