Praxis Home Retail approves ₹55 crore rights issue
Praxis Home Retail (PRAXIS) said it has approved rights issue of ₹55 crore. The company is valued at about ₹90.3 crore.
What happened
In a filing with the BSE on 12 November 2026 at 05:53 PM, Praxis Home Retail (PRAXIS) said that it has approved rights issue of ₹55 crore.
From the filing: "Total number of Equity Shares and Rights Issue size: 10,32,29,005 Rights Equity Shares each for an amount aggregating to ₹ 51,61,45,025/- (Rupees Fifty One Crores Sixty One Lakhs, Forty Five Thousand and Twenty Five only) (assuming full subscription) iii."
How big is it?
At ₹55 crore, the issue is equal to about 60.9% of the company's market value of ₹90.3 crore.
Company snapshot
Praxis Home Retail is a micro-cap company, with a market value of about ₹90.3 crore.
The stock last traded at ₹4.86, against a 52-week range of ₹3.38–₹11.95 (59.3% below the high).
Before this filing the shares had moved +16.8% over the month and −34.0% over three months. Average daily turnover over the last 20 sessions was about ₹0.12 crore.
Promoters held 7.23% at the end of Q2 FY27. Foreign institutions owned 1.37% and domestic institutions 0.26%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 45 | 64.6 | 4.5 |
| Q3 FY26 | 26 | -15.9 | -0.86 |
| Q4 FY26 | 25 | -115.3 | -6.21 |
| Q1 FY27 | 27 | -11.1 | 0 |
| Q2 FY27 | 25 | -12.8 | -0.69 |
What history shows
This is not the company's first fund raising disclosure: BCEIE has 3 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 7.0% on average the next trading day and was down 11.4% on average after five days (2 filings with price data).
Market-wide, 1,792 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 29 Sept 2026 | Loan Agreement. | −9.1% | −9.7% |
| 11 Sept 2026 | Board of Directors have approved the proposal for Rights issue at… | −4.9% | −13.2% |
What to watch
- How the money raised is used and, for equity instruments, the dilution for existing shareholders.
- 12 November 2026: Board meeting — Fund Raising.
In the news
Recent coverage elsewhere (links open the original publisher):
- Praxis Home Retail to fix rights issue terms on Nov 12
- Praxis Home Retail Ltd Share Price Today NSE/BSE Charts
- Praxis Home Retail posts ₹1,280 lakh loss in Q2FY27, net worth turns negative
- Praxis Home Retail Q2 FY27: Mounting Losses and Deteriorating Margins Signal Deepening Crisis
- Praxis Home Retail (NSE:PRAXIS): What Do Its Q2 FY27 Unaudited Results Reveal?
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.