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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 | 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 |
| 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 |
| 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://ipo.cameoindia.com/
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 Entitlements | March 17, 2022 |
| Last Date for renunciation of Rights Entitlements | April 11, 2022 |
| Issue Opening Date | March 25, 2022 |
| Issue Closing Date | April 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:
Steps to apply for Rainbow Foundations Rights Issue using Net Banking (ASBA)
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)
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