Infibeam Avenues shares jump 15% after submitting rights issue letter to SEBI


Infibeam Avenues shares surged nearly 15% to Rs 23.39 in Wednesday’s trade on BSE after the company submitted the Letter of Offer for its upcoming rights issue to SEBI.

In a regulatory filing, the company said this follows its earlier announcement dated 19th June 2025, where the Rights Issue Committee approved the Letter of Offer and other issue-related materials. The document has been submitted to SEBI in compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and a related circular issued in March 2025.

On 19th June 2025, Infibeam Avenues’ Rights Issue Committee approved raising up to Rs 699.98 crore through the rights issue. The promoter group has confirmed participation. The record date for the issue is 26 June 2025.

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Infibeam Avenues Q4 Results

Infibeam Avenues reported a 62% year-on-year jump in revenue for the March quarter to Rs 1,160.5 crore, up from Rs 716.2 crore a year ago.

Net profit rose 5.15% to Rs 49 crore, while EBITDA grew 14% to Rs 77.7 crore. However, operating margin declined to 6.7% from 9.51%, reflecting increased expenses and investment activity.

The company attributed the revenue growth to improved monetisation and pricing, with its net take rate rising to 10.6 basis points in Q4, compared to 9.2 bps last year. For FY24, the average net take rate improved to 11.7 bps from 8.2 bps.

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Infibeam Avenues shares target price


According to Trendlyne, the average target price for the stock is Rs 24, indicating a 7% upside from current levels. Two analysts covering the stock maintain a ‘Buy’ recommendation.

Infibeam Avenues’ Relative Strength Index (RSI) stands at 45.1, indicating neutral momentum. The MACD is at 0.7 — above the center line but below the signal line.

Over the past three months, the stock has gained 29%, but remains down 26% over the last 12 months. The company’s market capitalisation is around Rs 6,290 crore.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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