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Praxis Home Retail Limited Rights Issue (Praxis Home Retail Rights Issue 2023) Detail

June 6, 2023 - June 14, 2023
Praxis Home Retail Limited Logo

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.

Praxis Home Retail Rights Issue 2023 Detail

Issue Open June 6, 2023 - June 14, 2023
Security Name Praxis Home Retail Limited
Issue Size (Shares) 49,185,572
Issue Size (Amount) ₹49.19 Crores
Issue Price ₹10 per share
Face Value ₹5 per share
Listing At BSE, NSE
Terms of Payment

The full amount of the Issue Price being ₹ 10 will be payable on application.

Entitlement 13 Rights Equity Share(s) for every 20 fully paid-up Equity Shares held on Record Date

Praxis Home Retail Rights Issue 2023 Issue Timetable

Last Date to buy sharesMay 29, 2023
Record Date May 30, 2023
Credit of Rights Entitlements
Bid/Offer Opens On June 6, 2023
Renunciation of Rights Entitlements June 9, 2023
Bid/Offer Closes On June 14, 2023
Deemed Date of Allotment June 21, 2023
Credit Date June 26, 2023
Listing Date June 30, 2023

Company Financials

Praxis Home Retail Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-19383.55683.88-26.94
31-Mar-20625.10703.73-80.74
31-Mar-21397.24378.68-103.22
31-Mar-22409.86481.0414.24
31-Mar-23312.36395.42-21.01-17.95
Amount in ₹ Crore

Objects of the Issue:

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.

Praxis Home Retail Rights Issue 2023 Documents

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Company Contact Information

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

Phone: +91 22 6882 4900
Email: investorrelations@praxisretail.in
Website: http://www.praxisretail.in

Praxis Home Retail Rights Issue 2023 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: praxis.rights@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Praxis Home Retail Rights Issue 2023 Lead Manager(s)

Praxis Home Retail Rights Issue 2023 FAQs

The Praxis Home Retail Rights Issue 2023 opens on June 6, 2023, and closes on June 14, 2023.

Praxis Home Retail Rights Issue 2023 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsJune 9, 2023
Issue Opening DateJune 6, 2023
Issue Closing DateJune 14, 2023
Date of Allotment (on or about)June 21, 2023
Date of Credit (on or about)June 26, 2023
Date of Listing (on or about)June 30, 2023

Praxis Home Retail Rights Issue 2023 price is set at ₹10 per share per equity share.

The eligible shareholders are being offered 13 Rights Equity Share(s) for every 20 fully paid-up Equity Shares held on Record Date (May 30, 2023).

The record date for the Praxis Home Retail Rights Issue 2023 is May 30, 2023.

The issue size of Praxis Home Retail Rights Issue 2023 is of 49,185,572 equity shares at ₹10 per share aggregating upto ₹49.19 Crores.

The Letter of Offer for Praxis Home Retail Rights Issue 2023 can be download here.

You can apply for Praxis Home Retail Rights Issue 2023 in two ways:

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

Steps to apply for Praxis Home Retail Rights Issue 2023 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 Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Praxis Home Retail Rights Issue 2023.
  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 Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Praxis Home Retail Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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