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Praxis Home Retail Ltd Right Issue

₹49.49 Cr BSE, NSE 21 Sep 2021 – 5 Oct 2021

Closed BSE, NSE
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Issue Price
₹11.35
Face Value
₹5.00
Issue Size (Shares)
43,599,433
Issue Size (₹ Cr.)
₹49.49
Current Market Price
📅 Right Issue Timetable
Last Date to Buy Shares—
Record DateWed, Sep 8, 2021
Credit of Rights EntitlementsWed, Oct 20, 2021
Bid/Offer Opens OnTue, Sep 21, 2021
Issue Open DateTue, Sep 21, 2021
Renunciation Last DateThu, Sep 30, 2021
Bid/Offer Closes OnTue, Oct 5, 2021
Issue Close DateTue, Oct 5, 2021
Deemed Date of AllotmentTue, Oct 12, 2021
Credit DateWed, Oct 13, 2021
Listing DateMon, Oct 18, 2021
📋 Right Issue Details
Issue Size (Shares)43,599,433
Issue Size (Amount)₹49.49 Cr.
Issue Price₹11.35 per share
Face Value₹5.00 per share
Entitlement Ratio—
Listing AtBSE, NSE
Terms of Paymenthe full amount of the Issue Price being Rs. 11.35 will be payable on application.
📊 Company Financials (Restated)
Period Ended2021-03-312020-03-31FY I
Income378.67703.72—
EBITDA———
Net Worth———
Reserves & Surplus———

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Crores)
1Reduce the current liabilities by repaying part of our outstanding trade payables;—
2Repay certain unsecured loans availed by the company; and—
3General corporate purposes.—
🏢 About the Company
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.
📞 Company Contact
CompanyPraxis Home Retail Ltd
AddressiThink Techno Campus, Jolly Board Tower D,
Ground Floor, Kanjurmarg (East),
Mumbai 400 042, Maharashtra, India
Mumbai, Maharashtra, 400042
Phone+91 22 68824900
Emailinvestorrelations@praxisretail.in
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd
Phone022-49186000
Emailpraxis.rights@linkintime.co.in
WebsiteVisit ↗