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Shoppers Stop Limited Rights Issue (Shoppers Stop Rights Issue) Detail

November 27, 2020 - December 11, 2020
Shoppers Stop Limited Logo
Incorporated in 1997, Shoppers Stop Limited (SSL) laid its foundation in 1991 by setting up the first store in Andheri selling only menswear. With over 23+ years of experience, SSL has now grown to be the largest chain of Department stores in India. SSL is part of India's prominent business group K.Raheja Corp group operating in the real estate development, mall operations, and hospitality sector. Shoppers Stop is a household name, known for its superior quality products and providing a complete shopping experience. The company has a wide range of product offerings like leading international and national brands in clothing for men, women, and kids; accessories, perfumes, cosmetics, footwear; home furnishing and home decor products, books, and beauty products. SSL sells home items through 'Home Shop' and books through 'Crossword' stores. As of 30th September 2020, SSL has 85 Shoppers Stop stores (including 74 mall stores and 11 standalone stores), 11 'Home Stop' stores, 131beauty stores, 27 airport doors, and 33 'Crossword' stores spread across the country. The company has a strong distribution and logistics network, with four distribution centres covering approximately 520,000 square feet and handling over 500,000 stock keeping units per year SSL is the only Indian member of "Intercontinental Group of Departmental Stores" that comprises of the best department stores from across the world. Company Strengths: � Part of India's one of the leading group K. Raheja Corp group. � An experienced Management team. � A high degree of employee ownership. � Pan India presence. � One-stop-shop with a wide range of products and services. Company Strategies: � Loyalty program (First Citizen) to drive growth, increase footfalls, and grow market share. � Personal shopper for an enriched customer shopping experience. � Focus on Innovation. � Digital transformation � Expanding the network of stores in Tier II and III cities.

Shoppers Stop Rights Issue Detail

Issue Open November 27, 2020 - December 11, 2020
Security Name Shoppers Stop Limited
Issue Size (Shares) 21,368,982
Issue Size (Amount) ₹299.17 Crores
Issue Price ₹140 per share
Face Value ₹5 per share
Listing At
Terms of Payment The full amount of Rs 140 per Rights Equity Share is payable on Application.
Entitlement 17 Rights Equity Share for every 70 Equity Shares held on the Record Date

Shoppers Stop Rights Issue Issue Timetable

Record Date November 20, 2020
Credit of Rights Entitlements
Bid/Offer Opens On November 27, 2020
Renunciation of Rights Entitlements
Bid/Offer Closes On December 11, 2020
Deemed Date of Allotment December 21, 2020
Credit Date December 22, 2020
Listing Date December 24, 2020

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Million)
31-Mar-20 31-Mar-19
Total Assets 40,808.50 24,755.90
Total Revenue 34,981.10 35,965.80
Profit After Tax (1,420.30) 649.70

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards: 1. Repayment/ prepayment, in full or in part, of borrowings availed by the Company; 2. Funding working capital requirements; and 2. General corporate purposes.

Shoppers Stop Rights Issue Documents

Shoppers Stop Rights Issue Rating

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Company Contact Information

Shoppers Stop Limited
Umang Tower, 5th Floor, Mindspace
Off. Link Road, Malad (West), Mumbai 400 064,

Phone: 91 22 4249 7000

Shoppers Stop Rights Issue Registrar

  1. Kfin Technologies Limited
    Phone: 04067162222, 04079611000

Shoppers Stop Rights Issue Lead Manager(s)

Shoppers Stop Rights Issue FAQs

The Shoppers Stop Rights Issue opens on November 27, 2020, and closes on December 11, 2020.

Shoppers Stop Rights Issue Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights Entitlements
Issue Opening DateNovember 27, 2020
Issue Closing DateDecember 11, 2020
Date of Allotment (on or about)December 21, 2020
Date of Credit (on or about)December 22, 2020
Date of Listing (on or about)December 24, 2020

Shoppers Stop Rights Issue price is set at ₹140 per share per equity share.

The eligible shareholders are being offered 17 Rights Equity Share for every 70 Equity Shares held on the Record Date (November 20, 2020).

The record date for the Shoppers Stop Rights Issue is November 20, 2020.

The issue size of Shoppers Stop Rights Issue is of 21,368,982 equity shares at ₹140 per share aggregating upto ₹299.17 Crores.

The Letter of Offer for Shoppers Stop Rights Issue can be download here.

You can apply for Shoppers Stop Rights Issue in two ways:

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

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Shoppers Stop 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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