Nexome Capital Markets Approves ₹22.04 Cr Rights Issue at ₹75/Share

Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited) advanced its capital-raising plans with Rights Issue Committee approval for up to ₹22.04 crore on February 24, 2026.

Key Rights Issue Terms

The issue comprises 29,38,500 fully paid-up equity shares (face value ₹10 each) at ₹75 per share (₹65 premium). Rights entitlement is 1 share for every 2 fully paid-up equity shares held on the record date, Thursday, March 5, 2026.

Pre-issue outstanding shares stand at 58,77,000, expanding to 88,15,500 post-issue. The Letter of Offer was approved following BSE's in-principle nod on February 17, 2026.

Timeline and Process

Rights Issue opens Friday, March 13, 2026, with on-market renunciation until Wednesday, March 18, and closes Monday, March 23, 2026 (extendable up to 30 days). Fractional/zero entitlements detailed in the Letter of Offer.

This follows draft Letter of Offer approval on February 2 and BSE approval, building on the initial ₹25 crore plan. Funds will support growth in financial services (CIN: L74300WB1983PLC036342), with details on nexomecap.com. BSE Scrip Code: 508905; ISIN: INE641A20013.

Shares of Nexome Capital Markets LTD. was last trading in BSE at Rs. 85.80 as compared to the previous close of Rs. 89.50. The total number of shares traded during the day was 225 in over 22 trades.

The stock hit an intraday high of Rs. 89.50 and intraday low of 85.05. The net turnover during the day was Rs. 19570.00.

Source : Equity Bulls

Keywords

NEXOMECAPITALMARKETS INE641A01013 FundRaising RightsIssue