Shoppers Stop Right Issue Review

Right Issue Status: Closed [27th Nov 2020 to 11th Dec 2020]

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Shoppers Stop Right Issue

Shoppers Stop right issue of Rs. 299.17 Crore (2,13,68,982 shares at ?140 each) is opening soon on 27-11-2020 and will be close on 11-12-2020. The face value per share is Rs. 5 and the right issue price is set at a premium of Rs. 135 per equity share. Company will issue 17 rights equity share for every 70 equity shares held by the eligible shareholder as on the record date of 20 November 2020. Stay updated here with the complete Shoppers Stop Right Issue Review including open and close dates, right issue size, record date, allotment date, and more.

About Shoppers Stop business overview

Incorporated in 1997, Shoppers Stop Ltd is India’s leading retailers backed by a real estate developer, K. Raheja Group. Company is primarily engaged in retailing a wide range of products including but not restricted to apparel, perfumes, footwear, leather products, jewellery, cosmetics, accessories, and other home products under the brand name of “Shoppers Stop”. It further provides a one-stop solution for all home requirements through its “Home Stop” stores

Initially, the business was started with a single store in Mumbai and as on Sep 30, 2020, it has built a strong network of 85 stores (11 standalone stores and 74 mall stores), 11 Home Stop stores, 27 airport doors, and 33 crossword stores. Company also plays a leading role in offline beauty products retailing and currently has 131 beauty stores along with 2 multi-brand luxury stores called ‘Acrelia’. Its stores are established in more than 44 cities across India. As of September 30, 2020, Shoppers Stop has 4 distribution centers.

Shoppers Stop Right Issue Objective

The net proceed from the Shoppers Stop Right issue will be used towards following business objectives

  • To repay or prepay the principal and interest liabilities of company borrowings
  • To finance the working capital requirements of the business
  • To meet general corporate purposes

Shoppers Stop Right Issue Details

Shoppers Stop Right Issue details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Shoppers Stop Right Issue Details
Shoppers Stop Issue Details Values
Category RightIssue
Right Issue Issue Size(Shares) 2,13,68,982 Eq Shares
Right Issue Issue Size(Amount) ₹299.17 Crore
Face Value ₹5 Per Equity Share
Right Issue Issue Price ₹140
Right Issue Record Date 20th Nov 2020
Right Issue Entitlement 17 rights equity shares for every 70 equity shares
Right Issue Terms of payment The full amount of Rs.140 per Rights Equity Share is payable on Application.
Listing At BSE, NSE
BSE Code
NSE Code

Shoppers Stop Financials

Past performance and financial results of Shoppers Stop.

Shoppers Stop financial
Shoppers Stop Ltd Right Issue Financials 31-Mar-2020 31-Mar-2019
Total Assets ₹,4,080.85 Cr ₹2,475.59 Cr
Total Income ₹3,498.11 Cr ₹3,596.58 Cr
Net Profit/Loss ₹(142.02) Cr ₹64.97 Cr

Shoppers Stop Right Issue Strengths

  • Backed by K. Raheja Group, India's leading real estate developer.
  • Widespread product portfolio.
  • Strong logistic network and supply chain.
  • Highly experienced team of managers.

Shoppers Stop Right Issue Threats/Weaknesses

  • Significant impact of COVID-19 pandemic on business financial performance
  • Ability to establish stores at convenient and attractive locations.
  • High competition in the retail industry.
  • High revenue dependency on First Citizen members.

Shoppers Stop Right Issue Important Dates

In this section we have covered all important dates related to Shoppers Stop 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.

Shoppers Stop Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 27th Nov 2020
Right Issue Issue Close Date 11th Dec 2020
Basis of Allotment Finalisation Date* 18th Dec 2020
Refunds Initiation* 21st Dec 2020
Credit of Shares to Demat Account* 22nd Dec 2020
Right Issue Listing Date* 24th Dec 2020

* - Tentative Dates

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@
  NRI Form ⇒

Shoppers Stop Right Issue Offer Document (Letter of Offer) >>Shoppers Stop Right Issue Red Herring Prospectus is not yet available.

Shoppers Stop Right Issue Online Application (Registrar & Transfer Agent) >>Shoppers Stop Right Issue RTA information is not yet available.

Company Address

Shoppers Stop Limited
Umang Tower, 5thFloor, Mindspace, Off. Link Road,
Malad (West), Mumbai 400 064,
Maharashtra, India
Website: www.shoppersstop.com
Email: [email protected]
Phone: +91224249 7000

Registrar

KFin Technologies Private Limited
Selenium, Tower BPlot No-31and 32, Financial District
Nanakramguda, SerilingampallyHyderabad, Rangareddi, 500 032
Telangana, India
E-mail: [email protected]
E-mail: [email protected]

Lead Manager

  1. JM Financial Limited
  2. Axis Capital
Shoppers Stop 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 Shoppers Stop? Should I apply in Shoppers Stop Right Issue?

Last Updated on 2021-04-13T01:13:13+00:00

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User Comments

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5. elizabeth varghese k  11/24/2020 11:09:38 PM Reply
Shoppers Stop RightIssue expected listing gain.
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4. Rupam Mitra  11/24/2020 11:09:38 PM Reply
Please confirm Shoppers Stop RightIssue GMP (grey market premium) and kostak.
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3. S manoj kumar  11/24/2020 11:09:38 PM Reply
Shoppers Stop RightIssue good or bad.
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2. snehanshu  11/24/2020 11:09:38 PM Reply
Shoppers Stop RightIssue whether to invest or not.
avatar
1. Birender kumar  11/24/2020 11:09:38 PM Reply
Shoppers Stop RightIssue - CRISIL Rating, Apply or not?.

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