Let’s have a detailed review of the company and analytics of Spencer’s Retail Rights Issue offer open date, Term of payment, Spencer’s Retail Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 5
Issue PriceRs [●]
Listing AtBSE, CSE
Min. Lot Size[●] Eq Shares
Record Date[●]
Issue Size (Rs.)Rs 8,000 Lakhs
Shares for Issue[●] Eq Shares
Rights entitlement[●] Rights EQ shares for every [●] Fully paid Eq Shares.

Spencer’s Retail Rights Issue is listed at BSE & NSE. Check out the live share price by clicking on the below link.


Spencer’s Retail Rights Issue – Summary

Spencer's Retail Rights IssueTheir Company is one of the leading multi-format omnichannel retailers in India, catering to the needs of the upmarket urban consumers for daily fresh food to world food and ingredients. They operate retail stores (primarily in food and grocery) across various formats, selling products in various categories including food, fashion, general merchandise, homeware, consumer durables, and electrical.

Pursuant to their philosophy, “Makes Fine Living Affordable”, they cater to aspirational segments of the Indian population across various SEC by providing them with a wide range of quality merchandise at competitive prices. The key tenet of their merchandising strategy is to offer differentiated products in food and non-food categories at fair-market prices. They make global products locally available and local products conveniently available.

In effect, they endeavor to be a one-stop shop for their customers and their families. Customer service also is key to their offering, and they aspire to provide a best-in-class in-store customer experience.

The Promoter of this company is SANJIV GOENKA AND RAINBOW INVESTMENTS LIMITED. The lead manager to the issue is ICICI Securities Limited, and the Registrar to this issue is Link Intime India Private Limited.


Spencer’s Retail Rights Issue Date

The opening and the closing date of the IPO of Spencer’s Retail Limited are [●] and [●] respectively.


Spencer’s Retail Rights Issue Allotment Status

Here, you can find the Allotment Status of this Right Issue.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Spencer’s Retail Rights Issue Dates

Find the dates below on basis of allotment, record, listing, and more:

Issue Opening Date
[●]
Last date for on-market renunciation of rights / Date of closure of trading of Rights Entitlements[●]
Issue Closing Date[●]
Finalizing the basis of allotment with the Designated Stock Exchange[●]
Record date[●]
Date of Allotment[●]
Credit of Shares to Demat Account[●]
Share Listing Date[●]

Spencer’s Retail Rights Issue Price

The face value of each share is Rs.5, but the Cash Price is Rs.[●] per Eq share. 


Spencer’s Retail Rights Issue Equity Size

This Initial Public Issue of [●] Equity Shares of Rs.5 each for cash at a price of Rs.[●] per equity share aggregating to Rs 8,000 Lakhs.


Spencer’s Retail Rights Issue – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Spencer’s Retail Share Price

Spencer’s Retail Rights Issue – Company Overview

All their stores are operated and managed by them. They operate their stores predominantly on an asset-light model i.e., leave and license/rental model. They open new stores using a cluster approach based on adjacencies and focusing on an efficient supply chain, targeting densely-populated residential areas with a majority of, middle and aspiring upper-middle-class consumers.

Also, they operate warehouses, which form the backbone of their supply chain to support their retail store network. As of December 31, 2019, they had 14 distribution centers. Their stores are supported by IT and operational management systems specific to their business needs.

These systems streamline many of their functions including procurement, sales, supply chain, and inventory control processes, and support their business. As a result, they can procure their merchandise from their distribution centers or directly from their suppliers and manage their inventory levels efficiently to better respond to their customers’ changing preferences and needs.


Spencer’s Retail Rights Issue – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Dec-1931-Mar-1931-Mar-18
Total Assets171,386.31127,974.98127,974.98
*Total Revenue201,943.88221,532.98102,110.37
Total Expense210,392.30222,258.09104,099.39
Profit After Tax(8,436.00)(903.63)(1,989.02)

Earnings per Equity Share (in Lakhs)

31-Dec-1931-Mar-1931-Mar-18
Basic & Diluted(10.61)(1.14)(5.73)

 

Financial Performance:

Their Company has been certified to be the “Great Place to Work” by the Great Place to Work Institute.

Their total income, as restated was ₹ 1,02,110.37 lakh in Fiscal 2018 and ₹ 2,21,532.98 lakh in Fiscal 2019. For the nine months period ended December 31, 2019, their total income, as restated, was ₹ 2,01,943.88 lakh.


Spencer’s Retail Rights Issue – Promoters

The Promoters of this company are:

  1. SANJIV GOENKA 
  2. RAINBOW INVESTMENTS LIMITED.

List of Related Parties (Key Managerial Personnel)

  • Sanjiv Goenka, Chairman, and Non-Executive Director
  • Devendra Chawla, Managing Director, and CEO
  • Rahul Nayak, Whole-time Director
  • Shashwat Goenka, Non-Executive Non-Independent Director
  • Debanjan Mandal, Non-Executive Independent Director
  • Pratip Chaudhari, Non-Executive Independent Director

Spencer’s Retail Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to [●] Equity Shares
Rights EntitlementUp to [●] Rights Equity Share(s) for every [●] fully paid-up Equity Share(s) held on the Record Date i.e. [●]
Record Date[●]
Issue Price per Rights Equity SharesRs.[●] /-
Issue SizeUp to [●]  Equity Shares of the face value of ₹ 5 each for cash at a price of ₹ [●] per Rights Equity Share up to the number of Rs 8,000 Lakhs
Equity Shares issued, subscribed, and paid up prior to the Issue7,95,34,226 Equity Shares
Equity Shares subscribed and paid up after the IssueUp to [●] Equity Shares

Spencer’s Retail Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. To meet working capital requirements
2. General corporate purposes

Spencer’s Retail Rights Issue – Business Strategy

  • Profitable growth through the opening of new stores in targeted geographies
  • Growth and margin improvement through optimal product mix and increase revenues from sales of non-food items
  • Growing their omnichannel presence
  • Increasing customer satisfaction and their base of loyal customers
  • Expand their product portfolio
  • To develop talent and skilled workforce and inculcate good business practices

Spencer’s Retail Rights Issue Lead Managers

Lead Managers
ICICI Securities Limited
ICICI Centre
H.T. Parekh Marg, Churchgate
Mumbai – 400 020
Maharashtra, India
Telephone: +91 22 2288 2460
E-mail: srl.rights@icicisecurities.com
Website: www.icicisecurities.com
Investor grievance e-mail:
customercare@icicisecurities.com
Contact Person: Sameer Purohit / Arjun A Mehrotra
SEBI Registration No: INM000011179

Spence Rights Issue Registrar to offer

Registrar to the Offer
Link Intime India Private Limited
C-101, 247 Park
Lal Bahadur Shastri (LBS) Marg, Vikhroli (West)
Mumbai – 400 083
Maharashtra, India
Telephone: +91 22 4918 6200
Facsimile: +91 22 4918 6195
Email: spencersretail.rights@linkintime.co.in
Investor grievance e-mail: spencersretail.rights@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Sumeet Deshpande
SEBI Registration No: INR000004058

Spencers Rights Issue – Other Details

  • Statutory Auditor – S.R. Batliboi & Co LLP, Chartered Accountants
  • Legal Counsel to the Company – NA
  • Bankers to the Company – NA


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    Spencer’s Retail Limited Rights Issue News

    News 1 – Spencer’s Retail Rights Issue Draft Download

    News 2 –  Spencer’s Retail Rights Issue Letter of Offer


    Spencers Rights Issue Review FAQs

    Where to download Spencer’s Rights Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Spencer’s Retail Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.

    Where to download the Application Form for Spencer’s Retail Rights Issue?

    Application forms of Spencer’s Retail Rights Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose either online or offline mode to submit it.

    How to check Spencers Rights Issue allotment date?

    They are highly oriented to provide you with end-to-end details of Spencer’s Retail Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.

    What is Spencers Rights Issue price per share?

    The rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.10 per Equity Share through Spencer’s Retail Rights Issue.

    Who is the registrar to Spencer’s Retail Rights Issue?

    Registrar, as chosen by Spencer’s Retail is Link Intime India Private Limited. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.

    When Spencer’s Rights Issue is opening?

    They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, Spencer’s Retail Rights Issue is all set to open on NA.

    When Spencers Rights Issue is closing?

    While the offer would open on NA, it is most likely scheduled to close on NA. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on Spencer’s Retail Rights Issue.

    What is Spencer’s Rights Issue size?

    Spencer’s Retail Rights Issue is a proposal to raise NA Equity shares, aggregating to Rs 8,000 Lakhs, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.

    Who is Spencers Retail Rights Issue Lead manager?

    A designated underwriter or lead manager of Spencer’s Retail Rights Issue is ICICI Securities Limited. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.

    What are the important dates of Spencer’s Retail Rights Issue?

    There are a bunch of important dates regarding Spencer’s Retail Rights Issue, which you need to know about. The priority should be the Record Date of NA., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.


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