Rights Issue19 May 2026, 10:51 pm
Innovassynth Rights Issue Subscribed 155.29%, Allotment Approved
AI Summary
Innovassynth Technologies (India) Ltd's Rights Issue, which opened on May 8, 2026, and closed on May 18, 2026, was subscribed to 155.29% of the issue size, receiving applications aggregating to ₹108,15,55,040. The Rights Issue Committee approved the allotment of 1,74,11,380 fully paid-up equity shares at ₹40 per share, aggregating to ₹69,64,55,200. Post-allotment, the issued, subscribed & paid-up equity share capital increased to ₹92,86,06,960.
Key Highlights
- Rights Issue subscribed to 155.29%, with applications totaling ₹108.16 Cr.
- Allotment of 1,74,11,380 equity shares approved at ₹40 per share.
- Total amount raised through the rights issue is ₹69,64,55,200.
- Post-issue, paid-up share capital increased to ₹92,86,06,960.
- Issue price included a premium of ₹30 per equity share.