Infibeam Avenues Limited has informed the Exchange that Rights Issue Committee at its meeting held on Jun 19, 2025, has decided to issue equity shares on rights basis in the ratio of 67 : 267, i.e 67 Equity Shares for every 267 Equity Shares held. Issue Price is 10 per share.
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On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 2.5 pts less than its Financial Technology (Fintech) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Infibeam Avenues Limited has approved a rights issue of nearly 70 crore partly paid-up equity shares at ₹10 per share (face value ₹1, premium ₹9), aiming to raise approximately ₹700 crores assuming full subscription. Shareholders as on the record date of June 26, 2025 will be eligible to subscribe in the ratio of 67 rights shares for every 267 shares held, translating to about a 25% dilution if fully subscribed. The shares will be issued in two tranches — ₹5 on application and ₹5 on a future call. The rights issue window runs from July 3 to July 11, 2025, with existing shares expected to trade ex-rights around the record date.
This is a capital-raising move that will dilute existing shareholders by roughly 25% if fully subscribed. Existing shareholders need to decide whether to invest more money to maintain their stake, let their rights lapse, or sell entitlements. The stock may see short-term price pressure as the ex-rights date approaches.