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Hindware Home Innovation Limited Rights Issue (Hindware Home Innovation Rights Issue 2024) Detail

November 7, 2024 - November 22, 2024
Hindware Home Innovation Limited Logo

The company was incorporated on September 28, 2017 as Somany Home Innovation Limited and later renamed as Hindware Home Innovation Limited. It is a major player in the Indian home products and home appliances sector, manufacturing and distributing various products.

The range includes consumer appliances such as kitchen appliances, air coolers, fans and furniture fittings. In the building products segment, the company offers sanitaryware, faucets, high-quality tiles and plastic pipes and fittings.

Through its joint venture Hintastica Private Limited, it also manufactures water heaters and room heaters under the Hindware Atlantic brand. Their key services include product installation, after-sales service, warranty services, spare parts supply and technical support.

Hindware Home Innovation Rights Issue 2024 Detail

Issue Open November 7, 2024 - November 22, 2024
Security Name Hindware Home Innovation Limited
Issue Size (Shares) 11,349,962
Issue Size (Amount) ₹249.70 Crores
Issue Price ₹220 per share
Face Value ₹2 per share
Listing At BSE, NSE
Terms of Payment

The full amount of the Issue Price will be payable on application.

Entitlement 119 Rights Equity Share(s) for every 758 fully paid-up Equity Shares held on Record Date

Hindware Home Innovation Rights Issue 2024 Issue Timetable

Last Date to buy sharesOctober 24, 2024
Record Date October 25, 2024
Credit of Rights Entitlements November 6, 2024
Bid/Offer Opens On November 7, 2024
Renunciation of Rights Entitlements November 18, 2024
Bid/Offer Closes On November 22, 2024
Deemed Date of Allotment November 27, 2024
Credit Date December 2, 2024
Listing Date December 4, 2024

Company Financials

Hindware Home Innovation Limited Financial Information (Restated Consolidated)

Hindware Home Innovation Limited's revenue decreased by -2.43% and profit after tax (PAT) dropped by -44.69% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 2023
Assets2,420.312,302.65
Revenue2,837.192,907.90
Profit After Tax36.7666.46
Net Worth597.83575.74
Reserves and Surplus592.23568.56
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the Net Proceeds from the Issue towards funding of the following objects:

1. Lending of fresh loans to Hindware Limited (HL, one of the subsidiaries of the Company) to facilitate them to repay / pre-pay in full or part of secured working capital loans availed by them from Banking institutions;

2. Repayment or pre-payment, in full or in part, of all or a portion of certain borrowing availed by the Company.

Hindware Home Innovation Rights Issue 2024 Documents

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Company Contact Information

Hindware Home Innovation Limited
2,
Red Cross Place
Kolkata, 700001

Phone: 911244779200
Email: investors@hindwarehomes.com
Website: https://hindwarehomes.com/

Hindware Home Innovation Rights Issue 2024 Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: priya@cameoindia.com
    Website: https://ipo.cameoindia.com/

Hindware Home Innovation Rights Issue 2024 Lead Manager(s)

Hindware Home Innovation Rights Issue 2024 FAQs

The Hindware Home Innovation Rights Issue 2024 opens on November 7, 2024, and closes on November 22, 2024.

Hindware Home Innovation Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsNovember 6, 2024
Last Date for renunciation of Rights EntitlementsNovember 18, 2024
Issue Opening DateNovember 7, 2024
Issue Closing DateNovember 22, 2024
Date of Allotment (on or about)November 27, 2024
Date of Credit (on or about)December 2, 2024
Date of Listing (on or about)December 4, 2024

Hindware Home Innovation Rights Issue 2024 price is set at ₹220 per share per equity share.

The eligible shareholders are being offered 119 Rights Equity Share(s) for every 758 fully paid-up Equity Shares held on Record Date (October 25, 2024).

The record date for the Hindware Home Innovation Rights Issue 2024 is October 25, 2024.

The issue size of Hindware Home Innovation Rights Issue 2024 is of 11,349,962 equity shares at ₹220 per share aggregating upto ₹249.70 Crores.

The Letter of Offer for Hindware Home Innovation Rights Issue 2024 can be download here.

You can apply for Hindware Home Innovation Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Hindware Home Innovation Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Hindware Home Innovation Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Hindware Home Innovation Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Hindware Home Innovation Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Hindware Home Innovation Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

2 Comments

2. keeyes   I Like It. |Report Abuse|  Link|November 6, 2024 2:48:59 PMReply
Rights issue is only meant for existing shareholders. This is an opportunity for them to buy, average and compensate the price erosion that has happened in this share over the last few quarters. The proceeds from the rights issue will be used for Capex
1. Neeraj Bagra   I Like It. |Report Abuse|  Link|November 3, 2024 10:20:44 PMReply
It share is trading at 300/- and this is offering share at 220/-.

I am new to this space.. can anyone guide me is there any difference share from this issue and actual listed share.

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