Praxis Home Retail Rights Issue

Praxis Home Retail Rights Issue will open for subscription from 06 June 2023. the company aims for an issue size of ₹49.19 Crores through this rights Issue.

Praxis Home Retail Limited

Incorporated in 2007, Praxis Home Retail Limited operates brick-and-mortar home furniture and home fashion stores under the brand name HomeTown and caters to the home retail segment in India. The company offers office and home furniture, home furnishing goods, kitchenware, other home-related accessories such as clocks, wall hangings, and décor, and complete home design services. As on March 31, 2023, HomeTown has a pan-India presence with 43 stores, across 28 cities in India. The Company also operates a web portal for online sales.

Objectives of the Issue

  • To reduce the current liabilities by repaying part of outstanding trade payables
  • General corporate purposes, and
  • Issue-related expenses.

Praxis Home Retail Rights Issue Timetable

Last Date to buy shares29 May 2023
Record Date30 May 2023
Credit of Rights Entitlements
Bid/Offer Opens On06 June 2023
Renunciation of Rights Entitlements09 June 2023
Bid/Offer Closes On14 June 2023
Deemed Date of Allotment21 June 2023
Credit Date26 June 2023
Listing Date30 June 2023

Praxis Home Retail Rights Issue Details

Issue OpenJun 6, 2023 – Jun 14, 2023
Security NamePraxis Home Retail Limited
Issue Size (Shares)49,185,572
Issue Size (Amount)₹49.19 Crores
Issue Price₹10 per share
Face Value₹5 per share
Listing AtBSE, NSE
Terms of Payment
Entitlement13 Rights Equity Share(s) for every 20 fully paid-up Equity Shares held on Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

  • Prime Securities Limited

Rights Issue Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270

Company Contact Information

Praxis Home Retail Limited
iThink Techno Campus,
Jolly Board Tower D,
Ground Floor, Kanjurmarg (East), Mumbai 400 042

Phone: +91 22 6882 4900

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

Leave a Comment

Your email address will not be published. Required fields are marked *