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Infibeam Avenues shares surged 15% following the submission of its rights issue letter to SEBI. The company aims to raise ₹699.98 crore, with full promoter backing. The record date for shareholder eligibility is set for June 26, 2025.
Shares of Infibeam Avenues Ltd surged 14.69%, or ₹2.97, to ₹23.39 on the BSE over a firm date after the company submitted its Letter of Offer for the proposed rights issue to the Securities and Exchange Board of India (SEBI)
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On June 19, 2025, the Rights Issue Committee of Infibeam approved the Letter of Offer, along with its annexure. SEBI (Issue of Capital and Disclosure Requirements) Regulation, 2018, and the circular of March 2025 relate to the filing of these documents with SEBI.
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Through the rights issue, Infibeam hopes to garner up to ₹699.98 crore.
As of June 26, 2025, a record date will be established to identify eligible shareholders.
The rights entitlement will be 67 shares for every 267 fully paid-up equity shares held by an existing shareholder.
The promoter group will subscribe fully and might take up any unsubscribed portion as well.
Trading Response and Indicators
The filing for the rights issue saw a strong response and saw shares trade at ₹23.39 during intra-day trading
Infibeam reported a revenue increase of 62% YoY to ₹1,160.5 crore in Q4, while net profit rose 5.2% to ₹49 crore
EBITDA grew by 14% to ₹77.7 crore, while operating margins contracted to 6.7% from 9.5% last year
This is a key step in the mobilization of capital within Infibeam, backed by subscription from the promoters, as the indicated timeline for this will see rights issue offerings go live in early July for its mid-year financial plans to pan out. The stock's rally reflects investor interest in the balanced growth story and the funding roadmap of the company, as stated through its Q4 delivery.
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