Spencer's Retail Limited Rights Issue (Spencers Retail Rights Issue) Detail

Aug 4, 2020 - Aug 18, 2020

Incorporated in February 2017, Spencer's Retail Limited (SRL) is one of the leading multi-format omni-channel retailers in India, catering to the needs of the upmarket urban consumers for daily fresh food to world food and ingredients. SRL follows its philosophy of "Makes Fine Living Affordable' and thus caters to aspirational segments of the Indian population by providing them with a wide range of quality merchandise at competitive and fair prices. SRL tries to be a one-stop-shop for its customers.

SRL has established a leading position in the retail industry in India by setting up India's first organized retail chain. SRL has a pan-India presence with a footprint of 191 stores as of March 31, 2020, located in 11 states and one union territory namely Maharashtra, Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, West Bengal, Jharkhand, Haryana, Uttar Pradesh, Uttarakhand, and Delhi respectively. The company has 14 distribution centers as of 31st March 2020.

Company Strengths:
1. Early Mover advantage
2. Offering a variety of fresh foods and proprietary products at affordable prices.
3.Best in class instore customer services
4. Supply Chain Efficiency and efficient operations.
5. Asset light business model and competitive lease rentals
6. Experienced management team with a strong background in the retail industry.

Company Strategies:
1.Profitable growth through the opening of new stores in targeted geographies.
2. Increase revenues from sales of non-food items and offering optimal product mix.
3.Growing omnipresence channel.
4. Increasing the base of loyal customers.
5. Expand product portfolio
6 To develop talent and skilled workforce and inculcate good business practices

Spencers Retail Rights Issue Detail

Issue OpenAug 4, 2020 - Aug 18, 2020
Security NameSpencer's Retail Limited
Issue Size (Shares)1.06 Crores
Issue Size (Amount)₹79.53 Crores
Issue Price₹75 per share
Face Value₹5 per share
Minimum Lot size
Market Lot1 per share
Listing AtBSE, NSE
Terms of PaymentThe full amount of ₹75 per Rights Equity Share is payable on Application.
Entitlement2 Rights Equity Share for every 15 Equity Shares held on the Record Date

Spencers Retail Rights Issue Issue Timetable

Bid/Offer Opens OnAug 4, 2020
Bid/Offer Closes OnAug 18, 2020
Record DateJul 29, 2020
Deemed Date of AllotmentAug 25, 2020

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ in Million)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 15,939.07 12,797.50 12,226.27
Total Revenue 26,718.82 22,153.30 10,211.04
Profit After Tax (1,307.84) (90.36) (198.90)

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized:
1. To meet working capital requirements; and
2. For general corporate purposes.

Spencers Retail Rights Issue Documents

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Company Contact Information

Spencer's Retail Limited
Duncan House,31, Netaji Subhas Road.
Kolkatta -700 001


Phone: +91 33 6625 7600
Email: spencers.secretarial@rpsg.in
Website: http://www.spencersretail.com

Spencers Retail Rights Issue Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: spencersretail.rights@linkintime.co.in
    Website: http://www.linkintime.co.in

Spencers Retail Rights Issue Lead Manager(s)

Spencers Retail Rights Issue FAQs

  1. When is Spencers Retail Rights Issue coming?

    The Spencers Retail Rights Issue opens on Aug 4, 2020, and closes on Aug 18, 2020.

  2. What is the schedule for Spencers Retail Rights Issue?

    Spencers Retail Rights Issue Schedule

    Last Date for credit of Rights Entitlements[.]
    Last Date for renunciation of Rights Entitlements[.]
    Issue Opening DateAug 4, 2020
    Issue Closing DateAug 18, 2020
    Date of Allotment (on or about)Aug 25, 2020
    Date of Credit (on or about)Aug 26, 2020
    Date of Listing (on or about)Aug 27, 2020
  3. What is the issue price for Spencers Retail Rights Issue?

    Spencers Retail Rights Issue price is set at ₹75 per share per equity share.

  4. In what ratio is the Spencers Retail Rights Issue offered?

    The eligible shareholders are being offered 2 Rights Equity Share for every 15 Equity Shares held on the Record Date (Jul 29, 2020).

  5. What is the record date for Spencers Retail Rights Issue?

    The record date for the Spencers Retail Rights Issue is Jul 29, 2020.

  6. What is the issue size of Spencers Retail Rights Issue?

    The issue size of Spencers Retail Rights Issue is of 1.06 Crores equity shares at ₹75 per share aggregating upto ₹79.53 Crores.

  7. Where can I get the Letter of Offer for Spencers Retail Rights Issue?

    The Letter of Offer for Spencers Retail Rights Issue can be download here.

  8. How to apply for Spencers Retail Rights Issue?

    You can apply for Spencers Retail Rights Issue in two ways:

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

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

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