Monday, August 10, 2020

Spencer's Retail Rights Issue - Dates, How to Apply, Price Band, Allotment Details

Spencer's Retail is now coming with its Rs 80 crore rights issue on 4th August, 2020. The company is offering is offering 1,06,04,563 rights equity shares at Rs 5 each share. This rights issue is already opened and will close for subscription on August 18, ratio is 2 shares for every 15 shares held by eligible shareholders. Spencer's Retail is the part of RP Sanjiv Goenka Group which is providing wide range of quality products across categories such as food, personal care, fashion, home essentials, electrical and electronics. Today the company is running around 120 stores. Spencer’s have plan to use rights issue fund for working capital requirements and rest for general corporate purposes. As per the financial report company have market capitalisation at Rs 590 crore on March 31. The existing shareholders of the company can purchase additional shares at a discounted price. The company has set date for allotment on August 25 and will be listed on August 27. Checkout Spencer's Retail rights issue dates, price band, issue size, allotment and listing details.

Spencer's Retail Rights Issue Review:

  • Avoid - Experts said they are not agree with price band.

Spencer's Retail Rights Issue Date & Price Band:

 Issue Open:  4 August 2020
 Issue Close:  18 August 2020
 Issue Size:  Approx ₹79.53 Crore (Approx)
 Record Date  29 July 2020
 Price Band:  ₹75 Per Share
 Listing on:  BSE / NSE
 Ratio:   2:15 (2 rights shares for every 15 shares)
 Equity:  1,06,04,563 Shares

Spencer's Retail Rights Issue Allotment & Listing:

 Basis of Allotment:  24 August  2020
 Date of Allotment (ON OR ABOUT)   25 August 2020
 Credit to Demat Account:  26 August 2020
 Listing Date:  27 August 2020

Spencer's Retail Rights Issue Form & How to Apply:

How to apply the Spencer's Retail rights issue? You can apply Spencers retail rights issue  on  official website available.  The other option you can apply Spencer's Retail rights issue via forms download on NSE Forms & BSE Forms blank forms download, fill and submit in your bank or with your broker.

Quick Links:

Spencer's Retail Letter of Offer

Spencer's Retail Rights Issue Allotment Status:

Check Spencer's Retail rights issue on Link Intime India Pvt Ltd website allotment URL. Click Here

Spencer's Retail Rights Issue Lead Managers:

  • ICICI Securities Ltd

Company Address:

Corporate Identity Number: L74999WB2017PLC219355
Registered Office: Duncan House, 31,
Netaji Subhas Road, Kolkata - 700 001;
Telephone: +91 33 6625 7600

Corporate Office: RPSG House, 2/4 Judges Court Road, Kolkata 700 027;
Telephone: +91 33 2487 1091

Contact Person: Rama Kant, Company Secretary and Compliance Officer