₹49.19 Crores | Listing at BSE, NSE | Tue, Jun 6, 2023 - Wed, Jun 14, 2023
Praxis Home Retail Limited Rights Issue comprises 4.92 Cr equity shares aggregating to ₹49.19 Cr, offered at an issue price of ₹10 per share with a face value of ₹5 per share.
The record date for determining eligible shareholder is May 30, 2023, with the Rights Issue being offered in the entitlement ratio of 13 : 20.
The term of payment is defined as following : The full amount of the Issue Price being ₹ 10 will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Jun 6, 2023, and closes on Jun 14, 2023, with renunciation of Rights Entitlements permitted up to Jun 9, 2023.
The deemed date of allotment is Jun 21, 2023, following which the equity shares are expected to be credited to demat accounts on Jun 26, 2023 and listed at the NSE and the BSE on Jun 30, 2023.
Prime Securities 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 Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, May 30, 2023
Entitlement Ratio
13 : 20
Open Date
Tue, Jun 6, 2023
Close Date
Wed, Jun 14, 2023
The full amount of the Issue Price being ₹ 10 will be payable on application.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-19 | 383.55 | 683.88 | -26.94 | |
| 31-Mar-20 | 625.10 | 703.73 | -80.74 | |
| 31-Mar-21 | 397.24 | 378.68 | -103.22 | |
| 31-Mar-22 | 409.86 | 481.04 | 14.24 | |
| 31-Mar-23 | 312.36 | 395.42 | -21.01 | -17.95 |
| Amount in ₹ Crore | ||||
Incorporated in 2007, Praxis Home Retail Limited operates brick-and-mortar home furniture and home fashion stores under the brand name HomeTown and caters to the home retail segment in India.
The company offers office and home furniture, home furnishing goods, kitchenware, other home-related accessories such as clocks, wall hangings, and décor, and complete home design services.
As on March 31, 2023, HomeTown has a pan-India presence with 43 stores, across 28 cities in India.
The Company also operates a web portal www.hometown.in for online sales.
The Company proposes to utilize the Net Proceeds to:
1. To reduce the current liabilities by repaying part of outstanding trade payables
2. General corporate purposes, and
3. Issue-related expenses.
[Dilip Davda] Though this company is the brain-child of Mr Biyani of Future Group, losses with inconsistent performance raise eyebrows. The counter is well managed by vested interest above RI pricing to lure investors. There is no harm in staying away from this fully priced issue. Read detail review...
Praxis Home Retail Limited
iThink Techno Campus,
Jolly Board Tower D,
Ground Floor, Kanjurmarg (East), Mumbai 400 042
Mumbai, Maharashtra, 400042
The Praxis Home Retail Rights Issue 2023 opens on Tue, Jun 6, 2023, and closes on Wed, Jun 14, 2023.
Praxis Home Retail Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Fri, Jun 9, 2023 |
| Issue Opening Date | Tue, Jun 6, 2023 |
| Issue Closing Date | Wed, Jun 14, 2023 |
| Date of Allotment (on or about) | Wed, Jun 21, 2023 |
| Date of Credit (on or about) | Mon, Jun 26, 2023 |
| Date of Listing (on or about) | Fri, Jun 30, 2023 |
You can apply for Praxis Home Retail Rights Issue 2023 in two ways:
Steps to apply for Praxis Home Retail Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Praxis Home Retail Rights Issue 2023 using Registrar's website (R-WAP)
