We wish to inform you that the terms of the letter of offer dated April 23, 2026, the Rights Issue opened on Friday, May 8, 2026, and closed on Monday, May 18, 2026, and was subscribed ....
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On the reaction day the stock moved 8.0 pts less than Nifty Microcap 250 and 7.4 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Innovassynth Technologies has completed a Rights Issue, allotting 1.74 crore equity shares at ₹40 per share (face value ₹10, premium ₹30), raising ₹69.65 crore. The issue was open from May 8 to May 18, 2026, and was oversubscribed by 155.29%, with applications received for ₹108.15 crore. Shares were offered in the ratio of 3 rights shares for every 13 shares held as of the record date (April 29, 2026). Post-allotment, the company's paid-up share capital increased from ₹75.45 crore to ₹92.86 crore.
The significant oversubscription (155%) indicates strong investor confidence in the company. Existing shareholders who participated received new shares at a premium to face value, which will dilute their stake but brings fresh capital into the company for growth or operational purposes.