₹49.49 Crores | Listing at BSE, NSE | Tue, Sep 21, 2021 - Tue, Oct 5, 2021
Praxis Home Retail Ltd Rights Issue comprises 4.36 Cr equity shares aggregating to ₹49.49 Cr, offered at an issue price of ₹11.35 per share with a face value of ₹5 per share.
The record date for determining eligible shareholders is Sep 8, 2021.
The term of payment is defined as following : The full amount of the Issue Price being Rs. 11.35 will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Oct 12, 2021.
The Rights Issue opens on Sep 21, 2021, and closes on Oct 5, 2021, with renunciation of Rights Entitlements permitted up to Sep 30, 2021.
The deemed date of allotment is Oct 12, 2021, following which the equity shares are expected to be credited to demat accounts on Oct 13, 2021 and listed at the NSE and the BSE on Oct 18, 2021.
Vivro Financial Services Pvt.Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Praxis Home Retail Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Sep 8, 2021
Entitlement Ratio
:
Open Date
Tue, Sep 21, 2021
Close Date
Tue, Oct 5, 2021
| Particulars | For the year/period ended (Rs.in Crores) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 397.24 | 625.10 | |
| Total Revenue | 378.67 | 703.72 | |
| Profit After Tax | (103.22) | (80.72) | |
Praxis Home Retail caters to the home retail segment of India and operates in the brand name of HomeTown. The company provides a wide range of furniture (both office and home furniture), home furnishing goods, kitchenware, other home-related accessories, and quality services including complete home design, modular kitchen among others.
As of June 30, 2021, HomeTown has a pan India presence with 44 stores, across 28 cities in India. The company also uses its website and eCommerce marketplace to sell its products.
[Dilip Davda] Though the RI price is lucrative based on its scrip performance on BSE for the last 52 weeks. But the company has been posting losses as per the last 15 month’s working and thus has a negative P/E. Considering this, risk seeker/cash surplus investors may consider an investment with a long term perspective. Read detail review...
Praxis Home Retail Ltd
iThink Techno Campus, Jolly Board Tower D,
Ground Floor, Kanjurmarg (East),
Mumbai 400 042, Maharashtra, India
Mumbai, Maharashtra, 400042
The Praxis Home Retail Ltd Rights Issue opens on Tue, Sep 21, 2021, and closes on Tue, Oct 5, 2021.
Praxis Home Retail Ltd Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Wed, Oct 20, 2021 |
| Last Date for renunciation of Rights Entitlements | Thu, Sep 30, 2021 |
| Issue Opening Date | Tue, Sep 21, 2021 |
| Issue Closing Date | Tue, 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 |
You can apply for Praxis Home Retail Ltd Rights Issue in two ways:
Steps to apply for Praxis Home Retail Ltd Rights Issue using Net Banking (ASBA)
Steps to apply for Praxis Home Retail Ltd Rights Issue using Registrar's website (R-WAP)
