Infibeam Avenues Share Price Rises on ₹699 Crore Rights Issue Plan; Key Dates, Ratio and Price Announced

Infibeam Avenues share price jumped over 3% on Friday after the company approved a rights issue worth up to ₹699.99 crore. The stock touched ₹22.22 apiece on the BSE, rising 3.54% before settling slightly lower at ₹21.76.

Board Approves ₹699 Crore Fundraising via Rights Issue

At its meeting on June 19, the Rights Issue Committee of Infibeam Avenues gave the green light to raise funds through a rights issue. The promoter group has committed full participation and may also apply for additional or unsubscribed shares, maintaining compliance with public shareholding norms.

Record Date Set, Promoters Confirm Participation

The company has fixed June 26, 2025, as the record date to determine eligible shareholders. Promoters will fully subscribe to their rights and may transfer them only to other promoter group members.

Rights Issue Details at a Glance

• Issue Dates: Opens July 3, closes July 11, 2025
• Renunciation Deadlines: Renunciation can be done on the market until July 7 and off the market until July 10.
• Issue Size: ₹699.99 crore
• Total Shares: 69,99,85,723 partly paid-up shares
• Price: The share is priced at ₹10, which includes a face value of ₹1 and a premium of ₹9.
• Payment Plan: ₹5 on application (₹0.50 FV + ₹4.50 premium); ₹5 in final call
• Entitlement Ratio: Shareholders will receive 67 rights shares for every 267 shares they own.
• Post-Issue Equity: Will rise from 278.95 crore to 348.94 crore shares

Vishal Mehta, Chairman & MD of Infibeam Avenues, said the rights issue marks a transformative step for the company, with funds aimed at innovation, expansion, and long-term growth.

Read More:Adani Power Shares in Focus as NCLT Approves ₹4,000 Crore Acquisition of Vidarbha Industries Power.

About Infibeam Avenues Ltd

Established in 2017, Infibeam Avenues Ltd operates in the fields of software development, website creation, ongoing tech support, payment gateway solutions, e-commerce, and related services.

Conclusion

Infibeam Avenues’ latest rights issue offers existing shareholders a chance to increase their stake at a reasonable price, while helping the company fuel its next phase of strategic growth. With promoter support and clear timelines, the offering may attract significant investor interest.

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