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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Innovassynth Technologies has completed a rights issue and allotted 1.74 crore equity shares at ₹40 per share (face value ₹10 + premium ₹30), raising approximately ₹69.65 crore. The issue was offered to existing shareholders in the ratio of 3 shares for every 13 shares held as of the record date April 29, 2026. The rights issue was oversubscribed at 155.29%, meaning applications received totaled ₹108.15 crore against the issue size of ₹69.65 crore. Following the allotment, the company's paid-up share capital increased from ₹75.44 crore to ₹92.86 crore.
The oversubscription indicates strong investor demand for the stock. Existing shareholders who participated received additional shares at a discount, and the company has raised significant capital to support its growth plans.