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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.
| 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 |
| Last Date to buy shares | October 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 |
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 Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 2,420.31 | 2,302.65 |
| Revenue | 2,837.19 | 2,907.90 |
| Profit After Tax | 36.76 | 66.46 |
| Net Worth | 597.83 | 575.74 |
| Reserves and Surplus | 592.23 | 568.56 |
| Amount in ₹ Crore | ||
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 got oversubscribed by 1.4 times by the end of the bidding period with total bid quantity received by BSE and NSE of 15,869,524 shares.
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Hindware Home Innovation Limited
2,
Red Cross Place
Kolkata, 700001
Phone: 911244779200
Email: investors@hindwarehomes.com
Website: https://hindwarehomes.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
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 Entitlements | November 6, 2024 |
| Last Date for renunciation of Rights Entitlements | November 18, 2024 |
| Issue Opening Date | November 7, 2024 |
| Issue Closing Date | November 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:
Steps to apply for Hindware Home Innovation Rights Issue 2024 using Net Banking (ASBA)
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)
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| Link|November 6, 2024 2:48:59 PMReply
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