Praxis Home Retail Rights Issue dates are not finalized.
Praxis Home Retail operates a chain of brick-and-mortar stores in India under the brand name HomeTown, catering to the home retail segment. The stores offer a comprehensive range of products, including home and office furniture, home furnishings, kitchenware, and various home accessories. In addition to an extensive product lineup, HomeTown provides quality services such as complete home design solutions and modular kitchen installations, all aimed at delivering an exceptional in-store shopping experience.
Additionally, HomeTown offers an exciting collection of home accessories, including clocks, wall hangings, and décor items, making it a one-stop destination for all home needs. As of 30 November 2024, HomeTown has established a pan-India presence with 21 stores across 19 cities. The company also operates an online store through its website, www.hometown.in, and is actively present on major e-commerce marketplaces in India. Through these platforms, HomeTown sells an extensive range of products spanning furniture, furnishings, décor, tableware, and kitchenware.
Promoters of Praxis Home Retail – Mr. Kishore Biyani, and Future Corporate Resources Private Limited
Table of Contents
Praxis Home Retail Rights Issue Details
| Praxis Home Retail Rights Issue Date | Coming soon |
| Praxis Home Retail Rights Issue Price | INR 10 per share |
| Issue Size (in Shares) | 4,95,80,000 shares |
| Issue Size (in INR) | INR 49.58 crore |
| Issue Entitlement | 11 equity shares for every 30 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Praxis Home Retail Rights Issue Record Date | 20 March 2025 |
| Face Value | INR 5 per share |
| Listing On | BSE, NSE |
Praxis Home Retail Rights Issue Calculation
| Praxis Home Retail Rights Issue Price | INR 10 per share |
| Market Price on Rights Issue Approval | INR 12.75 per share |
| Dilution Factor (X) | 1.37 |
| Fair Value After Dilution at Prevailing Price | INR 12.01 per share |
Praxis Home Retail Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 399 | 386 | 220 |
| Expenses | 401 | 390 | 245 |
| Operating Margin (%) | (0) | (1.0) | (12.0) |
| Net Income | 14.0 | (21.0) | (86.0) |
| ROCE (%) | 19.0 | (17.0) | (46.0) |
Praxis Home Retail Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To reduce the current liabilities by repaying part of the borrowings
- To reduce the current liabilities by repaying part of the outstanding trade payables
- General corporate purposes
Praxis Home Retail Rights Offer Documents
- Praxis Home Retail Rights Issue Application Form
- Praxis Home Retail Letter of Offer
- Board Meeting Outcome
- Praxis Home Retail Draft Letter of Offer
- Rights Issue in 2024
Praxis Home Retail Rights Issue Dates
| Rights Issue Approval Date | 13 March 2025 |
| Rights Issue Record Date | 20 March 2025 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | Coming soon |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Praxis Home Retail Rights Offer Lead Manager
PRIME SECURITIES LIMITED
1109/1110, Maker Chambers V, Nariman Point
Mumbai – 400021, Maharashtra, India
Phone: +91 22 61842525
Email: projectorchid@primesec.com
Website: www.primesec.com
Praxis Home Retail Rights Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone: +91 81 0811 4949
Email: praxis.rights2024@linkintime.co.in
Website: www.linkintime.com
Praxis Home Retail Contact Details
PRAXIS HOME RETAIL LIMITED
2nd Floor, Knowledge House, Shyam Nagar
Off Jogeshwari-Vikhroli Link Road, Near Talav,
Jogeshwari East, Mumbai – 400 060
Phone: +91 22 4959 2500
Email: investorrelations@praxisretail.in
Website: www.praxisretail.in
Praxis Home Retail Rights Offer FAQs
What is the Praxis Home Retail Rights Issue Price?
The issue price is INR 10 per share.
What is the Praxis Home Retail Rights Issue entitlement ratio?
The eligible shareholders are offered 11 Equity Shares for every 30 Equity Shares held on the record date.
What is the Praxis Home Retail Rights Issue Record Date?
The Record date is 20 March 2025.
How to Apply in Praxis Home Retail Rights Offer?
The best way to apply in Praxis Home Retail Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.