Raising of Funds pursuant to Rights Issue
Price
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Nexome Capital Markets Ltd (formerly SMIFS Capital Markets Limited) has completed its Rights Issue which opened on March 13, 2026 and closed on March 23, 2026. The issue was over-subscribed by 100.79% against the total issue size of Rs. 22.04 crore. The Rights Issue Committee allotted 29,38,500 fully paid-up equity shares at Rs. 75 per share (including a premium of Rs. 65 per share) on March 24, 2026. Post-issue, the company's paid-up equity share capital stands at Rs. 8.82 crore, comprising 88,15,500 shares of Rs. 10 each. The strong over-subscription indicates robust demand from existing shareholders.
The 100.79% over-subscription is a positive sign, reflecting strong confidence among existing shareholders. However, the allotment of 29.38 lakh new shares will result in dilution for existing shareholders and increase the equity base by about 50%. The Rs. 22 crore raised will strengthen the company's capital base for business operations.