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Praxis Home Retail Ltd Rights Issue (Praxis Home Retail Ltd Rights Issue) Detail

Sep 21, 2021 - Oct 5, 2021
Praxis Home Retail Ltd Logo

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.

Praxis Home Retail Ltd Rights Issue Detail

Issue Open Sep 21, 2021 - Oct 5, 2021
Security Name Praxis Home Retail Ltd
Issue Size (Shares) 4.36 Crores
Issue Size (Amount) ₹49.49 Crores
Issue Price ₹11.35 per share
Face Value ₹5 per share
Minimum Lot size
Market Lot 1 per share
Listing At BSE, NSE
Terms of Payment The full amount of the Issue Price being Rs. 11.35 will be payable on application.
Entitlement 11 Rights Equity Shares for every 8 fully paid-up Equity Shares held as on the Record date.

Praxis Home Retail Ltd Rights Issue Issue Timetable

Bid/Offer Opens On Sep 21, 2021
Bid/Offer Closes On Oct 5, 2021
Record Date Sep 8, 2021
Deemed Date of Allotment Oct 12, 2021
Renunciation of Rights Entitlements Sep 30, 2021

Company Financials

Summary of financial Information (standalone)
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)

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.

Praxis Home Retail Ltd Rights Issue Documents

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Company Contact Information

Praxis Home Retail Ltd
iThink Techno Campus, Jolly Board Tower D,
Ground Floor, Kanjurmarg (East),
Mumbai 400 042, Maharashtra, India

Phone: +91 22 68824900
Email: investorrelations@praxisretail.in
Website: https://www.praxisretail.in/

Praxis Home Retail Ltd Rights Issue Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: praxis.rights@linkintime.co.in
    Website: http://www.linkintime.co.in

Praxis Home Retail Ltd Rights Issue Lead Manager(s)

Praxis Home Retail Ltd Rights Issue FAQs

The Praxis Home Retail Ltd Rights Issue opens on Sep 21, 2021, and closes on Oct 5, 2021.

Praxis Home Retail Ltd Rights Issue Schedule

Last Date for credit of Rights EntitlementsOct 20, 2021
Last Date for renunciation of Rights EntitlementsSep 30, 2021
Issue Opening DateSep 21, 2021
Issue Closing DateOct 5, 2021
Date of Allotment (on or about)Oct 12, 2021
Date of Credit (on or about)Oct 13, 2021
Date of Listing (on or about)Oct 18, 2021

Praxis Home Retail Ltd Rights Issue price is set at ₹11.35 per share per equity share.

The eligible shareholders are being offered 11 Rights Equity Shares for every 8 fully paid-up Equity Shares held as on the Record date. (Sep 8, 2021).

The record date for the Praxis Home Retail Ltd Rights Issue is Sep 8, 2021.

The issue size of Praxis Home Retail Ltd Rights Issue is of 4.36 Crores equity shares at ₹11.35 per share aggregating upto ₹49.49 Crores.

The Letter of Offer for Praxis Home Retail Ltd Rights Issue can be download here.

You can apply for Praxis Home Retail Ltd Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Praxis Home Retail Ltd Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Praxis Home Retail Ltd Rights Issue available on the list.
  4. Click the Apply button next to the Praxis Home Retail Ltd Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

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 Praxis Home Retail Ltd Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Praxis Home Retail Ltd Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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