SHOPPERS STOP LIMITED ANNOUNCED RIGHT ISSUE OF UP TO 2,13,68,982 EQUITY SHARES OF FACE VALUE OF ₹ 5 EACH (THE “RIGHTS EQUITY SHARES”) FOR CASH AT A PRICE OF ₹ 140 PER RIGHTS EQUITY SHARE (INCLUDING A PREMIUM OF ₹ 135 PER RIGHTS EQUITY SHARE) AGGREGATING UP-TO ₹299.17 CRORES ON A RIGHTS BASIS TO THE ELIGIBLE EQUITY SHAREHOLDERS OF OUR COMPANY IN THE RATIO OF 17 RIGHTS EQUITY SHARES FOR EVERY 70 EQUITY SHARES HELD BY THE ELIGIBLE EQUITY SHAREHOLDERS OF OUR COMPANY (THE “ISSUE”) ON THE RECORD DATE, THAT IS, NOVEMBER 20, 2020(THE “RECORD DATE”)
Stoppers Stop Limited Right Issue Detail
| Issue Open | Nov 27, 2020 - Dec 11, 2020 |
| Security Name | Shoppers Stop Limited |
| Issue Size (Shares) | 2.14 Crores |
| Issue Size (Amount) | ₹299.17 Crores |
| Issue Price | ₹140 per share |
| Face Value | ₹5 per share |
| Minimum Lot size | |
| Market Lot | 1 per share |
| Listing At | |
| Terms of Payment | The full amount of ₹140 per Rights Equity Share is payable on Application. |
| Entitlement | 17 Rights Equity Share for every 70 Equity Shares held on the Record Date |
Shoppers Stop Right Issue Time Table
| Bid/Offer Opens On | Nov 27, 2020 |
| Bid/Offer Closes On | Dec 11, 2020 |
| Record Date | Nov 20, 2020 |
| Deemed Date of Allotment | Dec 21, 2020 |
Shoppers Stop Financial Detail
| 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 | |
About Stoppers Stop
Incorporated in 1997, Shoppers Stop Limited (SSL) laid its foundation in 1991 by setting up the first store in Andheri selling only menswear. With over 23+ years of experience, SSL has now grown to be the largest chain of Department stores in India. SSL is part of India's prominent business group K.Raheja Corp group operating in the real estate development, mall operations, and hospitality sector.
Shoppers Stop is a household name, known for its superior quality products and providing a complete shopping experience. The company has a wide range of product offerings like leading international and national brands in clothing for men, women, and kids; accessories, perfumes, cosmetics, footwear; home furnishing and home decor products, books, and beauty products. SSL sells home items through 'Home Shop' and books through 'Crossword' stores.
As of 30th September 2020, SSL has 85 Shoppers Stop stores (including 74 mall stores and 11 standalone stores), 11 'Home Stop' stores, 131beauty stores, 27 airport doors, and 33 'Crossword' stores spread across the country. The company has a strong distribution and logistics network, with four distribution centres covering approximately 520,000 square feet and handling over 500,000 stock keeping units per year
SSL is the only Indian member of "Intercontinental Group of Departmental Stores" that comprises of the best department stores from across the world.
Stoppers Stop Right Issue Documents
Stoppers Stop Right Issue Registrar
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
Phone: 1-800-3454001
Email: shoppersstop.rights@kfintech.com
Website: https://karisma.kfintech.com/
Stoppers Stop Right Issue Lead Manager
- Axis Capital Limited
- JM Financial Consultants Private Limited
Shoppers Stop Rights Issue FAQs
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When is Shoppers Stop Rights Issue coming?
The Shoppers Stop Rights Issue opens on Nov 27, 2020, and closes on Dec 11, 2020.
What is the schedule for Shoppers Stop Rights Issue?
Shoppers Stop Rights Issue Schedule
Last Date for credit of Rights Entitlements [.] Last Date for renunciation of Rights Entitlements [.] Issue Opening Date Nov 27, 2020 Issue Closing Date Dec 11, 2020 Date of Allotment (on or about) Dec 21, 2020 Date of Credit (on or about) Dec 22, 2020 Date of Listing (on or about) Dec 24, 2020 What is the issue price for Shoppers Stop Rights Issue?
Shoppers Stop Rights Issue price is set at ₹140 per share per equity share.
In what ratio is the Shoppers Stop Rights Issue offered?
The eligible shareholders are being offered 17 Rights Equity Share for every 70 Equity Shares held on the Record Date (Nov 20, 2020).
What is the record date for Shoppers Stop Rights Issue?
The record date for the Shoppers Stop Rights Issue is Nov 20, 2020.
What is the issue size of Shoppers Stop Rights Issue?
The issue size of Shoppers Stop Rights Issue is of 2.14 Crores equity shares at ₹140 per share aggregating upto ₹299.17 Crores.
Where can I get the Letter of Offer for Shoppers Stop Rights Issue?
The Letter of Offer for Shoppers Stop Rights Issue can be download here.
How to apply for Shoppers Stop Rights Issue?
You can apply for Shoppers Stop Rights Issue in two ways:
- Net Banking (ASBA)
- Registrar's Website (R-WAP Facility)
Steps to apply for Shoppers Stop Rights Issue using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to 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.
- Fill and check your information.
- 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 Shoppers Stop Rights Issue using Registrar's website (R-WAP)
- Visit registrar's website
- Go to the 'Rights Issue' section
- Select Shoppers Stop Rights Issue from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
