₹48.52 Crores | Listing at BSE | Fri, Mar 25, 2022 - Mon, Apr 18, 2022
Rainbow Foundations Limited Rights Issue comprises 4.41 Cr equity shares aggregating to ₹48.52 Cr, offered at an issue price of ₹11 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Mar 11, 2022.
As per the terms of payment, ₹11 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 17, 2022.
The Rights Issue opens on Mar 25, 2022, and closes on Apr 18, 2022, with renunciation of Rights Entitlements permitted up to Apr 11, 2022.
The deemed date of allotment is Apr 26, 2022, following which the equity shares are expected to be credited to demat accounts on Apr 28, 2022 and listed on the BSE on May 2, 2022.
Turnaround Corporate Advisors Pvt.Ltd. is the Lead Manager to the issue and Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Rainbow Foundations Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Mar 11, 2022
Entitlement Ratio
:
Open Date
Fri, Mar 25, 2022
Close Date
Mon, Apr 18, 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 | |
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:
The objects of the Issue are:
[Dilip Davda] RFL’s RI is fully priced based on its past performance and the financial data so far. There is no harm in ignoring this issue as it has not shown any remarkable performance so far and the promoter’s holding is very low. Read detail review...
Rainbow Foundations Limited
No. 4, Thanikachalam Road,
T. Nagar, Chennai,
Tamil Nadu- 600017
The Rainbow Foundations Rights Issue opens on Fri, Mar 25, 2022, and closes on Mon, Apr 18, 2022.
Rainbow Foundations Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Thu, Mar 17, 2022 |
| Last Date for renunciation of Rights Entitlements | Mon, Apr 11, 2022 |
| Issue Opening Date | Fri, Mar 25, 2022 |
| Issue Closing Date | Mon, 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 |
You can apply for Rainbow Foundations Rights Issue in two ways:
Steps to apply for Rainbow Foundations Rights Issue using Net Banking (ASBA)
Steps to apply for Rainbow Foundations Rights Issue using Registrar's website (R-WAP)
