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Praxis Home Retail Right Issue

Right Issue Status: Closed [21st Sep 2021 to 5th Oct 2021]

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Praxis Home Retail Right Issue Detail

Praxis Home Retail Limited Right issue of 43599433 shares worth issue size of Rs. 49.49 Cr opens for subscription from 21 Sep to 5 October 2021. The company issues 11 right equity shares for every 8 fully paid-up equity shares held as on the record date, 8 Sep 2021. The right issue price is Rs. 11.35 per share and the full amount is payable on the application.

Praxis Home Retail Right Issue Objective

  1. Reduce the current liabilities by repayment of trade payables.
  2. To repay unsecured loans availed by the company.
  3. To meet general corporate purposes.

Praxis Home Retail Right Issue Details

Praxis Home Retail Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 4,35,99,433 Eq Shares
Right Issue Issue Size (Amount) ₹4,948.54 Lakh
Face Value ₹5 Per Equity Share
Right Issue - Issue Price ₹11.35 per share
Right Issue Record Date 8th Sep 2021
Right Issue Entitlement 11 Rights Equity Shares for every 8 fully paid-up Equity Shares held as on the Record date.
Right Issue Terms of payment The full amount of the Issue Price being Rs. 11.35 will be payable on application.
Listing At BSE, NSE
BSE Code 540901

Praxis Home Retail Right Issue Dates

In this section we have covered all important dates related to Praxis Home Retail Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

Praxis Home Retail Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 21st Sep 2021
Right Issue Issue Close Date 5th Oct 2021
Basis of Allotment Finalisation Date* 12th Oct 2021
Refunds Initiation* 12th Oct 2021
Credit of Shares to Demat Account* 13th Oct 2021
Right Issue Listing Date* 18th Oct 2021

* - Tentative Dates

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About Company - Praxis Home Retail

Praxis Home Retail Limited operates brick-and-mortar stores of home furniture and home fashion under the brand name HomeTown. The company provides a wide range of office and home furniture, home furnishing goods, kitchenware, and other home-related services i.e. home designing, modular kitchen, etc. It further offers different types of accessories i.e. clocks, wall hangings, and decor under a one-stop shop. The company has a strong pan India presence with 44 stores across 28 cities.

Praxis Home Retail Right Issue Strengths

  • A team of experienced promoters and managers.
  • Cost-effective logistic network.
  • Strong PAN India presence across 28 cities in India.
  • Strong presence in the online furniture space.

Praxis Home Retail Financials

Past performance and financial results of Praxis Home Retail.

Praxis Home Retail Financials 31-Mar-2021 31-Mar-2020
Total Assets ₹397.24 Cr ₹625.10 Cr
Total Income ₹378.67 Cr ₹703.72 Cr
Net Profit/Loss ₹(103.22) Cr ₹(80.72) Cr

Company Address

Praxis Home Retail Limited
iThink Techno Campus, Jolly Board Tower D, Ground Floor, Kanjurmarg (East)
Mumbai,Maharashtra-400 042
Phone: +91 22 68824900
Email: [email protected]


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: [email protected]

Lead Manager

  1. Vivro Financial Services Private Limited

Praxis Home Retail Right Issue Offer Document (Letter of Offer) >>Document

Praxis Home Retail Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

Praxis Home Retail Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Praxis Home Retail? Should I apply in Praxis Home Retail Right Issue?

Last Updated on 2021-10-25T10:00:36+00:00

User Reviews

5. Koushik Ghosh Sep 16 2021 11:01:35 PM Reply
Praxis Home Retail RightIssue expected listing gain.
4. Bhavna chinchore Sep 16 2021 11:01:35 PM Reply
Please confirm Praxis Home Retail RightIssue GMP (grey market premium) and kostak.
3. PARTHA ROY Sep 16 2021 11:01:35 PM Reply
Praxis Home Retail RightIssue good or bad.
2. prasad v Sep 16 2021 11:01:35 PM Reply
Praxis Home Retail RightIssue whether to invest or not.
1. Shantanu Kurzadkar Sep 16 2021 11:01:35 PM Reply
Praxis Home Retail RightIssue - CRISIL Rating, Apply or not?.