67:267 rights issue: Penny stock below Rs 20; Company successfully concludes Rs 700 crore rights issue; 1.40 times oversubscribed

DSIJ Intelligence-1 / 16 Jul 2025/ Categories: Penny Stocks, Trending

67:267 rights issue: Penny stock below Rs 20; Company successfully concludes Rs 700 crore rights issue; 1.40 times oversubscribed

The company has a market cap of over Rs 5,700 crore and the stock is up by 31.2 per cent from its 52-week low of Rs 12.61 per share.

Infibeam Avenues Ltd., an AI-driven fintech leader, has successfully concluded its Rs 700 crore Rights Issue on July 11, 2025. The issue was significantly oversubscribed by 1.40 times, demonstrating strong shareholder confidence in the company's long-term vision and its strategic focus on AI and digital payments growth. The Rights Issue was structured at INR 10 per share, with an entitlement ratio of 67:267, allowing eligible shareholders to subscribe to approximately four new shares for every one held. The robust participation from a diverse investor base, including promoters, institutional investors, high-net-worth individuals and retail investors, highlights the company's solid fundamentals and its increasing prominence in the digital economy.

The net proceeds from this Rights Issue are strategically allocated to fuel Infibeam Avenues' growth initiatives. Key areas of investment include Phronetic.AI, its advanced Agentic AI and Video Intelligence business unit; expanding RediffPay to support UPI and broader digital financial services; and developing RediffOne, an enterprise-grade AI, payments and e-commerce platform. Furthermore, funds will be used for strategic acquisitions that align with its AI-led marketplace strategy and for establishing a distributed network of data centre capacity for edge computing across India. This successful fundraising reinforces Infibeam Avenues' commitment to value creation, innovation and disciplined financial management as it continues its expansion into high-growth, scalable verticals.

Earlier, Infibeam Avenues Ltd.'s AI company, Phronetic (Nueromind Technologies Private Limited), has partnered with Nawgati Tech Private Limited to develop AI-powered solutions for the fuelling, fleet and energy sectors. This collaboration will leverage Phronetic's ABM platform, utilising Video-Language Models (VideoLLMs) and reasoning models to analyse CCTV video inputs for automated real-time decision-making and action-oriented suggestions. Phronetic's Field and Desk AI Agents will integrate into Nawgati’s existing technology stack, including its Aaveg SaaS platform used by major fuel and gas companies across India, to enhance operational intelligence and automate customer interactions. This strategic alliance aims to significantly improve efficiency, ensure SOP compliance and drive digital innovation within the energy sector.

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About the Company

Infibeam Avenues Ltd. is a global fintech leader providing comprehensive digital payment solutions and enterprise software platforms. Their offerings include payment gateway services with over 200 payment options in 27 currencies and they host India's largest online marketplace for government procurement. In FY24, the company processed transactions worth Rs 7.0 trillion (USD 86 billion) and currently serves over 10 million clients, including merchants, enterprises and governments across India, UAE, Saudi Arabia, Australia, the USA and Oman.

A public shareholder, Vishwas Ambalal Patel, holds a 10.98 per cent stake in the company as of March 2025. The company has a market cap of over Rs 5,700 crore and the stock is up by 31.2 per cent from its 52-week low of Rs 12.61 per share.

Disclaimer: The article is for informational purposes only and not investment advice.