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Rainbow Foundations Rights Issue Detail
Issue Open March 25, 2022
Issue Close April 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 EntitlementsMarch 17, 2022
Last Date for renunciation of Rights EntitlementsApril 11, 2022
Issue Opening DateMarch 25, 2022
Issue Closing DateApril 18, 2022
Allotment DateApril 26, 2022
Shares Credit DateApril 28, 2022
Listing DateMay 2, 2022

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

The allotment of Rainbow Foundations Rights Issue is expected to happen on or about April 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 April 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.

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