Hindware Home Innovation Ltd Right Issue Highlights
Hindware Home Innovation Ltd has finalized its right issue for 11349962 equity shares worth Rs 249.70 crores. This right issue is going to be open for subscription on November 7, 2024 and will close on November 22, 2024. The shareholders who are having equity shares of Hindware Home Innovation Ltd as of October 25, 2024 (Record Date) will be eligible to get the Right Entitlement (REs). The holders of these REs can either sell these in the market or they will be able to buy additional number of equity shares of the company.
The company has fixed the entitlement ratio as 119:758 i.e. 119 right equity share for every 758 fully paid up equity share held on the record date. For more detailed information about Hindware Home Innovation Ltd right issue please read the article.
Hindware Home Innovation Ltd, previously known as Somany Home Innovation Limited, is a leading company in building product segment. The company’s product portfolio involves various products such as sanitary ware, faucets, plastic pipes & fittings and premium and super premium tiles etc. The company has established itself as a fast-growing brand in Indian consumer appliance segment. The company focuses on serving customers by manufacturing, branding, marketing, selling, and servicing a wide range of products.
Hindware Home Innovation Ltd., has recently announced its rights issue. It is going to be a great opportunity for its existing shareholders who would like to buy additional shares of the company at a discounted price.
Hindware Home Innovation Ltd Right Issue Important Details
| Right Issue Opening Date | November 7, 2024 |
| Right Issue Closing Date | November 22, 2024 |
| Type of Securities Proposed | Fully Paid-up Equity Shares |
| Last Date for On Market Renunciation of Right Entitlements | November 18, 2024 |
| Net Issue Size Offered (In Terms of Shares) | 11349962 (fully paid-up equity shares of Face Value Rs. 2 each equity share |
| Net Issue Size (Amount) | Rs. 249.70 Crores |
| Issue Type | Right Issue |
| Right Issue Price | Rs. 220 Per Equity Share |
| Face Value | Rs.2 Per Equity Share |
| Listing at | BSE & NSE |
| Terms of Payment | Full Amount payable at the time of application |
| Right Issue Entitlement | 119 Right Equity Share for Every 758 Equity Share (1:1) |
| Letter of Offer | Click Here |
| Application Form | Click Here |
Hindware Home Innovation Ltd Right Issue Date Schedule
| Last Date To buy Shares | October 24, 2024 |
| Right Issue Record Date | October 25, 2024 |
| Right Entitlement Credit Date | November 6, 2024 |
| Offer Opening Date | November 7, 2024 |
| On Market Renunciation of Right Entitlements | November 18, 2024 |
| Right Issue Offer Close Date | November 22, 2024 |
| Finalization of Basis of Allotment | November 27, 2024 |
| Allotment Date of Right Issue | November 27, 2024 |
| Date of Credit of Right Issue | December 2, 2024 |
| Listing Date | December 4, 2024 |
Hindware Home Innovation Ltd Right Issue Financials
| Period | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 2420.31 Crore | 2302.65 Crore | 2145.68 |
| Total Revenue | ₹2837.19 | ₹2907.89 | ₹2322.93 |
| Expense | ₹2780.45 | ₹2804.91 | ₹2178.56 |
| Profit After Tax | ₹36.76 | ₹66.46 | ₹20.34 |
| Total Reserve & Surplus | ₹592.23 | ₹568.56 | ₹511.90 |
Cash Flow Generated by the Company
| Net Cash Flow | 31 March,2024 | 31 March,2023 | 31 March, 2022 |
| Cash From Operating Activities | ₹24.07 | ₹61.06 | ₹-58.37 |
| Cash from Investing Activities | ₹-21.87 | ₹57.5 | ₹45.46 |
| Cash From Financing Activities | ₹-19.74 | ₹-68.32 | ₹13.56 |
| Net Increase/ Decrease in cash and Cash Equivalents | ₹20.02 | ₹-15.13 | ₹64.89 |
Revenue Generation from Different Segments
| Particulars | 31 March,2024 | 31 March 2023 |
| Consumer Products | 42171.75 | 50085.45 |
| Retail Business | 2371.96 | 5638.39 |
| Building Products | 235464.45 | 231514.33 |
| Others | – | – |
| Total | 280008.16 | 287238.17 |
Objectives of Hindware Home Innovation Ltd. Right Issue
- To provide new loans to its subsidiary, Hindware Limited, to enable them to repay or pre-pay, either fully or partially, their secured working capital loans
2. To pay of the borrowings
Lead Managers of Hindware Home Innovation Right Issue
FINSHORE MANAGEMENT SERVICES LIMITED
“Anandlok”, Block-A, 2nd Floor, Room No. 207,
227 A.J.C Bose Road, Kolkata-700020, West Bengal
Telephone: +91 33 22895101 / +91 33 4603 2561
Email ID: info@finshoregroup.com
Website: www.finshoregroup.com
Registrar of Hindware Home Innovation Ltd Right Issue
Cameo Corporate Services Limited.
Subramanian Building, No. 1, Club House Road, Chennai – 600002,
Tamil Nadu, India
Telephone: +91 44-40020700 (5 lines)
Email: priya@cameoindia.com
Website: www.cameoindia.com
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