Infibeam Avenues Wraps Up Rs 700 Crore Rights Issue to Power AI and Fintech Expansion

Image Source : IPO Watch

Infibeam Avenues Ltd has successfully concluded its Rs 699.99 crore rights issue, marking a pivotal step in the company’s aggressive push toward AI innovation, digital payments, and global expansion. The issue, which opened on July 3 and closed on July 11, 2025, was oversubscribed 1.37 times, reflecting strong investor confidence in the fintech firm’s strategic roadmap.

Key Highlights:

The rights issue offered 69.99 crore equity shares at Rs 10 per share, with Rs 5 payable on application and the remainder to be called later.
Entitlement was set at 67 rights shares for every 267 fully paidup equity shares held as of the June 26 record date.
Shares will be credited to eligible investors’ demat accounts on July 16, with listing scheduled the same day on BSE and NSE.

Strategic Utilization:

A significant portion of the proceeds will be invested in Infibeam Projects Management Pvt Ltd for debt repayment and infrastructure scaling.
Funds will also support advanced AI development through Nueromind Technologies Pvt Ltd, focusing on fraud detection, vision AI, and deepfake prevention.
Additional capital will be deployed to expand Rediff.com’s digital ecosystem and pursue strategic acquisitions in emerging tech domains.

Market Context:

Infibeam’s FY25 revenue surged 27% yearonyear to Rs 3,992.58 crore, while PAT jumped 51% to Rs 236.02 crore.
The company’s diversified verticals—digital payments, enterprise SaaS, and AI infrastructure—position it as a key player in India’s evolving tech landscape.

Sources: Chittorgarh, InvestorGain, Infibeam Avenues Investor Relations, Moneycontrol India