Infibeam Avenues Closes Oversubscribed INR 700 Cr Rights Issue to Fuel AI and Digital Payment Growth
Fintech giant Infibeam Avenues has successfully concluded its much-anticipated INR 700 Cr rights issue, with an oversubscription of 1.4 times. The strong investor response highlights robust shareholder confidence in the company’s long-term growth strategy, particularly in emerging technologies such as artificial intelligence (AI) and digital payment solutions.
The rights issue was structured as a 67:267 offering, allowing existing shareholders to apply for 67 new equity shares for every 267 shares they already held. Following the oversubscription and successful closure, Infibeam’s rights issue committee approved the allotment of approximately 70 crore partly paid-up equity shares at an issue price of INR 10 per share.
As a result of this issuance, the total equity share capital of the company has now increased to INR 348.9 Cr, further enhancing its financial strength and market position in the Indian fintech ecosystem.
In an official statement, Infibeam Avenues MD and chairman Vishal Mehta emphasized the strategic importance of the funds raised:
“The funds raised will further strengthen our balance sheet and enable us to invest in key growth areas, including AI-driven products, digital payment solutions, and selective acquisitions aligned with our vision.”
A significant portion of the capital will be allocated to Nueromind Technologies, a key subsidiary of Infibeam and the parent company of Phronetic.AI. Nueromind is focused on advanced AI technologies and enterprise-grade solutions, and this capital injection is expected to accelerate innovation and expand its product capabilities.
Key Highlights of Infibeam’s Rights Issue:
- Rights Issue Size: INR 700 Cr
- Structure: 67 shares for every 267 shares held
- Subscription: Oversubscribed by 1.4X
- Allotted Shares: ~70 Cr partly paid-up equity shares
- Issue Price: INR 10 per share
- Total Equity Capital Post-Issue: INR 348.9 Cr
The oversubscription indicates strong backing from existing shareholders, affirming confidence in Infibeam’s roadmap, particularly its aggressive push into AI innovation and fintech infrastructure. The company is already a key player in digital payments and enterprise software, powering platforms across e-commerce, banking, and government sectors.
With India’s fintech sector undergoing rapid transformation, the infusion of fresh capital places Infibeam in a prime position to capture market share and launch next-gen products powered by AI and machine learning. The company’s increasing focus on subsidiaries like Nueromind Technologies is aligned with global trends, where AI-led platforms are expected to define the next phase of digital financial services.
Analysts believe that Infibeam’s successful rights issue sets the stage for future strategic investments and M&A opportunities, especially in AI-driven fintech domains.
As India continues to digitize its economy, Infibeam Avenues is clearly positioning itself at the intersection of technology, finance, and innovation, poised to shape the future of digital commerce and intelligent payment infrastructure.
Tags: Infibeam Avenues, Rights Issue, Fintech, AI in Payments, Digital Payments, Nueromind Technologies, Phronetic.AI, Vishal Mehta, India Fintech News, Startup Funding, Equity Capital, AI Products, Fintech Growth
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