Nexome Capital Markets Ltd has approved a rights issue of equity shares worth ₹220.3 million, priced at ₹75 per share. The fundraising initiative, cleared by the Rights Issue Committee, aims to strengthen the company’s capital base and support future growth under SEBI-compliant regulatory frameworks.
Key Highlights:
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Issue Price: The company has set the rights issue price at ₹75 per equity share.
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Fundraising Size: The approved issuance will raise approximately ₹220.3 million through equity shares.
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Committee Approval: Nexome Capital’s Rights Issue Committee finalized the proposal and approved the draft letter of offer for submission to BSE.
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Regulatory Compliance: The process is being conducted under SEBI’s Listing Obligations and Disclosure Requirements, ensuring transparency and investor protection.
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Corporate Strategy: The capital infusion is expected to bolster Nexome’s financial strength, enabling expansion in advisory, merchant banking, and capital market services.
Contextual Insights:
Nexome Capital Markets Ltd, formerly SMIFS Capital Markets, has over four decades of experience in India’s financial services sector. Operating as a SEBI-registered Category I Merchant Banker, the company provides advisory, underwriting, and corporate finance solutions. Analysts note that the rights issue reflects Nexome’s intent to reinforce its balance sheet and pursue growth opportunities in a competitive capital markets landscape.
The ₹220.3 million fundraising initiative positions Nexome to enhance liquidity, support client mandates, and expand its footprint in corporate advisory services. Investors will be closely monitoring allotment timelines and entitlement ratios once finalized.
Sources: IPO Central, ScanX News, BSE Filings