Praxis Home Retail Ltd Rights Issue FAQ's

₹49.49 Crores | Listing at BSE, NSE | Tue, Sep 21, 2021 - Tue, Oct 5, 2021

Praxis Home Retail Ltd Rights Issue Date 2026 & Price FAQs

The timetable for Praxis Home Retail Ltd Rights Issue is as follows:

Last Date for credit of Rights EntitlementsWed, Oct 20, 2021
Last Date for renunciation of Rights EntitlementsThu, Sep 30, 2021
Issue Opening DateTue, Sep 21, 2021
Issue Closing DateTue, Oct 5, 2021
Date of Allotment (on or about)Tue, Oct 12, 2021
Date of Credit (on or about)Wed, Oct 13, 2021
Date of Listing (on or about)Mon, Oct 18, 2021

Praxis Home Retail Ltd Rights Issue price is set at ₹11.35 per share. The Praxis Home Retail Ltd Rights Issue opens on Tue, Sep 21, 2021, and closes on Tue, Oct 5, 2021, for the subscription.

The allotment of Praxis Home Retail Ltd Rights Issue is expected to happen on or about October 12, 2021 as per the issue schedule.

Praxis Home Retail Ltd Rights Issue listing date is 2021-10-18T00:00:00.000Z.

The credit of Praxis Home Retail Ltd Rights Issue in Demat account is expected on or about October 13, 2021 as per the issue schedule.

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized to: 1. Reduce the current liabilities by repaying part of our outstanding trade payables; . 2. Repay certain unsecured loans availed by the company; and 3. General corporate purposes.

It is difficult to predict the exact listing price of Praxis Home Retail Ltd Rights Issue shares. The price depends on the demand and supply of the company's shares on the day of listing.

We do not provide Rights Issue recommendations. However, we share a lot of information about Praxis Home Retail Ltd which could help you with questions like whether to subscribe or not. Consider reading Praxis Home Retail Ltd reviews and analysis from experts posted on the Rights Issue detail page.