Article

Shoppers Stop Rights Issue - All you need to know

27 Nov 2020 Mrinmai Shinde

Issue Details

Ex-Date

19 November 2020

Record Date

20 November 2020

Issue Size (Amount)

₹ 299.17 Crores

Issue Size (Shares)

2.14 Crores

Ratio

17:70

Issue Price

₹ 140

Face Value

₹ 5 per share

Issue Period

27 November 2020 to 11 December 2020

RE Trading Period

27 November 2020 to 07 December 2020

Tentative Date of Allotment

21 December 2020

Tentative Date of Credit

22 December 2020

Tentative Date of Listing

24 December 2020

 

Company Financials

Summary of financial Information (Consolidated)

Particulars

For the year/period ended (₹ in Million)

 

31-Mar-20

31-Mar-19

Total Assets

40,808.50

24,755.90

Total Revenue

34,981.10

35,965.80

Profit After Tax

(1,420.30)

649.70


A lot of companies have raised fresh capital this year to pare their debt and restore the damage caused to the business owing to the pandemic. Especially, the retail sector has taken a major hit with most of the physical stores being permanently closed down due to challenges like paying staff salaries, rents and the cost of maintenance. 

Large-format retail chain, Shoppers Stop has also taken a hit. The company reported a net loss of ₹97.70 crore, higher than ₹8.18 crore a year ago and the revenue fell 65.7% to ₹296.98 crore. Hence, the company has decided to raise ₹300 crore via a rights offering. The amount raised would be utilised towards funding working capital requirements, making prepayments and repayments, and general corporate purposes. 

Existing shareholders, who hold 70 shares will be eligible to apply for 17 new shares in the rights issue at ₹140/ per lot. The right issue will remain open for subscription between 27th November and 11th December.

During the pandemic, we have seen online businesses scaling up drastically. This is why offline retailers like Shoppers Stop, with an aim to tap into the high-growth opportunity, is also beefing up their online presence. The company also has strategies in place to increase footfall and enhance user experience while focusing on innovation and expanding its network in Tier 2 and Tier 3 cities. Being a part of K. Raheja Corp group, the company boasts a pan-India presence, availability of a wide range of products, a high degree of employee ownership and experience management. 

As of 30th September 2020, the group has 85 Shoppers Stop stores that include 11 standalone stores and 74 mall stores, 131 beauty stores, 11 Home Stop stores, 33 Crossword and 27 airport doors stores across the country.

How to apply for Shoppers Stop Rights Issue? 

The application process for Rights Issue is similar to that for an IPO. You can apply directly through R-WAP facility or through the ASBA . 

Using Registrar's website (R-WAP)
  • Visit registrar's website. (Click here to visit the site)
  • Select Shoppers Stop Rights Issue
  • Apply for R-WAP Rights Issue
  • Check the terms terms and conditions to proceed
  • Enter Demat Account Number and Pan Number
  • Furbish the required details in the online application form
  • Validate and submit the application

To apply using Net banking (ASBA)
  • Log in to the net banking account of your bank
  • Visit the 'IPO & Rights Issue' section
  • Check if the Shoppers Stop Rights Issue available on the list
  • Click the Apply button next to the Shoppers Stop Rights Issue
  • Furbish the required information
  • Submit the application

Click here for further details about the event.

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Shoppers Stop Rights Issue - All you need to know

27 Nov 2020 Mrinmai Shinde

Issue Details

Ex-Date

19 November 2020

Record Date

20 November 2020

Issue Size (Amount)

₹ 299.17 Crores

Issue Size (Shares)

2.14 Crores

Ratio

17:70

Issue Price

₹ 140

Face Value

₹ 5 per share

Issue Period

27 November 2020 to 11 December 2020

RE Trading Period

27 November 2020 to 07 December 2020

Tentative Date of Allotment

21 December 2020

Tentative Date of Credit

22 December 2020

Tentative Date of Listing

24 December 2020

 

Company Financials

Summary of financial Information (Consolidated)

Particulars

For the year/period ended (₹ in Million)

 

31-Mar-20

31-Mar-19

Total Assets

40,808.50

24,755.90

Total Revenue

34,981.10

35,965.80

Profit After Tax

(1,420.30)

649.70


A lot of companies have raised fresh capital this year to pare their debt and restore the damage caused to the business owing to the pandemic. Especially, the retail sector has taken a major hit with most of the physical stores being permanently closed down due to challenges like paying staff salaries, rents and the cost of maintenance. 

Large-format retail chain, Shoppers Stop has also taken a hit. The company reported a net loss of ₹97.70 crore, higher than ₹8.18 crore a year ago and the revenue fell 65.7% to ₹296.98 crore. Hence, the company has decided to raise ₹300 crore via a rights offering. The amount raised would be utilised towards funding working capital requirements, making prepayments and repayments, and general corporate purposes. 

Existing shareholders, who hold 70 shares will be eligible to apply for 17 new shares in the rights issue at ₹140/ per lot. The right issue will remain open for subscription between 27th November and 11th December.

During the pandemic, we have seen online businesses scaling up drastically. This is why offline retailers like Shoppers Stop, with an aim to tap into the high-growth opportunity, is also beefing up their online presence. The company also has strategies in place to increase footfall and enhance user experience while focusing on innovation and expanding its network in Tier 2 and Tier 3 cities. Being a part of K. Raheja Corp group, the company boasts a pan-India presence, availability of a wide range of products, a high degree of employee ownership and experience management. 

As of 30th September 2020, the group has 85 Shoppers Stop stores that include 11 standalone stores and 74 mall stores, 131 beauty stores, 11 Home Stop stores, 33 Crossword and 27 airport doors stores across the country.

How to apply for Shoppers Stop Rights Issue? 

The application process for Rights Issue is similar to that for an IPO. You can apply directly through R-WAP facility or through the ASBA . 

Using Registrar's website (R-WAP)
  • Visit registrar's website. (Click here to visit the site)
  • Select Shoppers Stop Rights Issue
  • Apply for R-WAP Rights Issue
  • Check the terms terms and conditions to proceed
  • Enter Demat Account Number and Pan Number
  • Furbish the required details in the online application form
  • Validate and submit the application

To apply using Net banking (ASBA)
  • Log in to the net banking account of your bank
  • Visit the 'IPO & Rights Issue' section
  • Check if the Shoppers Stop Rights Issue available on the list
  • Click the Apply button next to the Shoppers Stop Rights Issue
  • Furbish the required information
  • Submit the application

Click here for further details about the event.