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Right Issue Status: Closed [6th Jun 2023 to 14th Jun 2023]
Praxis Home Retail Limited offers Right Issue size of 49,185,572 equity shares worth of Rs 49.19 Cr. The subscription for this issue is opening from 06 Jun 2023 to 14 Jun 2023. The company issues 13 Rights equity shares for every fully paid-up 20 equity shares held on the record date of 30 May 2023. The face value of a share is Rs. 5 per share and the right issue price is fixed at Rs. 10 per share.
Stay updated with us to know more about the Praxis Home Retail Limited Right Issue Details 2023 including issue size, right issue entitlement, terms of payment, and more.
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 Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 4.92 Cr Shares |
| Right Issue Issue Size (Amount) | ₹49.19 Cr |
| Face Value | ₹5 Per Equity Share |
| Right Issue - Issue Price | ₹10 per share |
| Right Issue Record Date | 30th May 2023 |
| Right Issue Entitlement | 13 Rights Equity Share(s) for every 20 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | The full amount of the Issue Price being ₹ 10 will be payable on application. |
| Listing At | BSE, NSE |
| BSE Code | 540901 |
| NSE Code | PRAXIS |
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.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 6th Jun 2023 |
| Right Issue Issue Close Date | 14th Jun 2023 |
| Basis of Allotment Finalisation Date* | 21st Jun 2023 |
| Refunds Initiation* | 9th Jun 2023 |
| Credit of Shares to Demat Account* | 26th Jun 2023 |
| Right Issue Listing Date* | 30th Jun 2023 |
* - Tentative Dates
Zerodha Trade@20
Praxis Home Retail Limited was established in 2007. The company operates retail stores for home furniture and home fashion under the brand name HomeTown and serves the retail segment in India. This retail format brings together under one roof a wide range of furniture (both office and home), home furnishings, kitchen items, other home accessories and high-end services such as complete home designs and modular kitchens, providing customers with a great shopping experience. In addition, the shop offers a wide selection of accessories such as clocks, wall hangings and decorative items, making it a complete one-stop shop for all interior design needs.
The company also operates a web portal for online sales of its products through the website www.hometown.in and is also present in major e-commerce marketplaces in India through which the company sells a wide range of products from furniture, home textiles, decoration, tableware and kitchen items.
Past performance and financial results of Praxis Home Retail .
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-19 | 383.55 | 683.88 | -26.94 | |
| 31-Mar-20 | 625.10 | 703.73 | -80.74 | |
| 31-Mar-21 | 397.24 | 378.68 | -103.22 | |
| 31-Mar-22 | 409.86 | 481.04 | 14.24 | |
| 31-Mar-23 | 312.36 | 395.42 | -21.01 | -17.95 |
| Amount in ₹ Crore | ||||
The table below is live update of Right Issue bidding details from NSE and BSE.
Praxis Home Retail Right Issue Offer Document (Letter of Offer) >>Document
Praxis Home Retail Right Issue Offer Document (Letter of Offer) >>Praxis Home Retail Right Issue Red Herring Prospectus is not yet available.
Praxis Home Retail Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Praxis Home Retail Right Issue Online Application (Registrar & Transfer Agent) >>Praxis Home Retail Right Issue RTA information is not yet available.
Last Updated on 2023-06-17T03:30:47+00:00
