Shoppers Stop Limited Right Issue

₹299.17 Cr BSE, NSE 27 Nov 2020 – 11 Dec 2020

Closed Ratio: 17 : 70 BSE, NSE
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Issue Price
₹140.00
Face Value
₹5.00
Issue Size (Shares)
21,368,982
Issue Size (₹ Cr.)
₹299.17
📅 Right Issue Timetable
Last Date to Buy Shares
Record DateFri, Nov 20, 2020
Credit of Rights Entitlements
Bid/Offer Opens OnFri, Nov 27, 2020
Issue Open DateFri, Nov 27, 2020
Renunciation Last Date
Bid/Offer Closes OnFri, Dec 11, 2020
Issue Close DateFri, Dec 11, 2020
Deemed Date of AllotmentMon, Dec 21, 2020
Credit DateTue, Dec 22, 2020
Listing DateThu, Dec 24, 2020
📋 Right Issue Details
Issue Size (Shares)21,368,982
Issue Size (Amount)₹299.17 Cr.
Issue Price₹140.00 per share
Face Value₹5.00 per share
Entitlement Ratio17 : 70
Listing AtBSE, NSE
Terms of Payment₹140 per share payable in full at the time of application.
📊 Company Financials (Restated)
Period Ended2020-03-312019-03-31FY I
Income34,981.1035,965.80
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Repayment/ prepayment, in full or in part, of borrowings availed by the Company
2Funding working capital requirements
3. General corporate purposes.
🏢 About the Company
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. Company Strengths: • Part of India's one of the leading group K. Raheja Corp group. • An experienced Management team. • A high degree of employee ownership. • Pan India presence. • One-stop-shop with a wide range of products and services. Company Strategies: • Loyalty program (First Citizen) to drive growth, increase footfalls, and grow market share. • Personal shopper for an enriched customer shopping experience. • Focus on Innovation. • Digital transformation • Expanding the network of stores in Tier II and III cities.
📞 Company Contact
CompanyShoppers Stop Limited
AddressUmang Tower, 5th Floor, Mindspace
Off. Link Road, Malad (West), Mumbai 400 064,
Phone91 22 4249 7000
Emailinvestor@shoppersstop.com
WebsiteVisit ↗
📝 Registrar
NameKfin Technologies Ltd
Phone04067162222
Emailshoppersstop.rights@kfintech.com
WebsiteVisit ↗