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Praxis Home Retail Ltd Rights Issue Detail
Issue Open September 21, 2021
Issue Close October 5, 2021
Issue Size (Shares) 4.36 Crores
Issue Size (Amount) ₹49.49 Crores
Issue Price ₹11 per Share
Listing At BSE, NSE

Praxis Home Retail Ltd Rights Issue Date & Price FAQs

Praxis Home Retail Ltd Rights Issue Timetable

Last Date for credit of Rights EntitlementsOctober 20, 2021
Last Date for renunciation of Rights EntitlementsSeptember 30, 2021
Issue Opening DateSeptember 21, 2021
Issue Closing DateOctober 5, 2021
Allotment DateOctober 12, 2021
Shares Credit DateOctober 13, 2021
Listing DateOctober 18, 2021

Praxis Home Retail Ltd Rights Issue price is set at ₹11 per Share. The Praxis Home Retail Ltd Rights Issue opens on September 21, 2021, and closes on October 5, 2021, for the subscription.

The allotment of Praxis Home Retail Ltd Rights Issue is expected to happen on or about October 12, 2021 as per the issue schedule.

Praxis Home Retail Ltd Rights Issue listing date is October 18, 2021.

The credit of Praxis Home Retail Ltd Rights Issue in Demat account is expected on or about October 13, 2021 as per the issue schedule.

The Net Proceeds from the Issue are proposed to be utilized to: 1. Reduce the current liabilities by repaying part of our outstanding trade payables; . 2. Repay certain unsecured loans availed by the company; and 3. General corporate purposes.

It is difficult to say at what price Praxis Home Retail Ltd Rights Issue shares will list. The price depends on the demand and supply of company's shares on the day of listing.

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