Nexome Capital Markets Receives BSE Trading Approval for Rights Issue Shares

2 min read     Updated on 26 Mar 2026, 01:52 AM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Nexome Capital Markets Limited has received official trading approval from BSE for its 29,38,500 equity shares issued through rights basis at ₹75 per share. The trading approval, effective March 27, 2026, marks the successful completion of the company's ₹22,03,87,500 fundraising initiative which saw 100.79% oversubscription.

powered bylight_fuzz_icon
35830860

*this image is generated using AI for illustrative purposes only.

Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited) has received official trading approval from BSE Limited for its 29,38,500 equity shares issued on rights basis, marking the final milestone in its ₹22,03,87,500 fundraising initiative. The company confirmed receipt of BSE's trading approval letter dated March 25, 2026, with trading set to commence on March 27, 2026.

BSE Trading Approval Details

BSE Limited issued the trading approval through reference LOD/RIGHTS/SV/471/2025-2026 dated March 25, 2026, authorizing trading of equity shares bearing distinctive numbers 58,77,001 to 88,15,500. The approval covers shares issued at ₹75 per share (₹10 face value plus ₹65 premium) under the completed rights issue program.

Trading Approval Specifications: Details
Approved Shares: 29,38,500
Issue Price: ₹75 per share
Face Value: ₹10 per share
Premium: ₹65 per share
Distinctive Numbers: 58,77,001 to 88,15,500
Trading Commencement: March 27, 2026

Rights Issue Completion Timeline

The corporate action followed a structured timeline with all regulatory milestones achieved as per SEBI requirements. The Letter of Offer was dated February 24, 2026, with allotment completion on March 24, 2026, followed by share crediting and BSE communication on March 25, 2026.

Timeline Details: Date
Letter of Offer: February 24, 2026
Allotment Completion: March 24, 2026
Share Crediting: March 25, 2026
BSE Trading Approval: March 25, 2026
Trading Commencement: March 27, 2026

Issue Performance and Capital Structure

The rights issue demonstrated strong investor response with oversubscription of 100.79% of the total issue size. Out of 143 total applications received, 87 valid applications resulted in the final allotment, successfully raising the targeted amount of ₹22,03,87,500.

Post-Issue Capital Structure: Details
Total Equity Shares: 88,15,500
Paid-up Capital: ₹8,81,55,000
Amount Raised: ₹22,03,87,500
Oversubscription: 100.79%
Valid Applications: 87 out of 143

Regulatory Compliance Confirmation

Company Secretary Sanjana Gupta confirmed completion of all regulatory formalities in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE's Notice No. 20260325-51 dated March 25, 2026 was issued to Trading Members, officially notifying the listing and trading commencement of the new equity shares. The company has fulfilled all documentation requirements including newspaper advertisement publication and submission of required documents to the exchange.

Historical Stock Returns for Nexome Capital Markets

1 Day5 Days1 Month6 Months1 Year5 Years
-2.21%+14.27%+0.86%+0.86%+0.86%+0.86%

How will Nexome Capital Markets utilize the ₹22.04 crore raised funds for business expansion or strategic initiatives?

What impact might the 66% increase in share capital have on the company's earnings per share and dividend policy?

Will the successful oversubscription lead Nexome to consider additional fundraising rounds in the near future?

like20
dislike

Nexome Capital Markets Confirms March 5 Record Date for ₹22.04 Crore Rights Issue

2 min read     Updated on 24 Feb 2026, 11:33 AM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Nexome Capital Markets Limited has officially confirmed March 05, 2026 as the record date for determining shareholder eligibility for its rights issue worth ₹22,03,87,500. The company completed its Rights Issue Committee meeting on February 24, 2026, approving the issuance of 29,38,500 equity shares at ₹75.00 per share with a 1:2 rights ratio, scheduled to open on March 13, 2026.

powered bylight_fuzz_icon
33024387

*this image is generated using AI for illustrative purposes only.

Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited) has officially confirmed March 05, 2026 as the record date for determining shareholder eligibility for its rights issue of fully paid-up equity shares. The company has communicated this decision to BSE Limited in compliance with Regulation 42 of the SEBI Listing Regulations, following the successful conclusion of its Rights Issue Committee meeting held on February 24, 2026.

Rights Issue Committee Meeting and Regulatory Compliance

The Rights Issue Committee meeting was conducted at the company's registered office located at 'Vaibhav' (4F), 4, Lee Road, Kolkata - 700020, commencing at 11:00 A.M. and concluding at 11:06 A.M. The committee approved the comprehensive terms for the rights issue following the in-principle approval received from BSE Limited on February 17, 2026.

Parameter: Details
Meeting Date: February 24, 2026
Meeting Duration: 11:00 A.M. to 11:06 A.M.
BSE Scrip Code: 508905
Record Date: Thursday, March 05, 2026
Compliance Framework: Regulation 42 of SEBI Listing Regulations

Rights Issue Structure and Financial Details

The rights issue comprises 29,38,500 fully paid-up equity shares at an issue price of ₹75.00 per share, including a premium of ₹65.00 per share. The total fundraising initiative is valued at ₹22,03,87,500, structured on a 1:2 ratio basis, offering eligible shareholders 1 rights share for every 2 existing shares held.

Financial Parameter: Details
Total Shares Offered: 29,38,500 Equity Shares
Face Value: ₹10.00 per share
Issue Price: ₹75.00 per share
Premium Component: ₹65.00 per share
Total Issue Size: ₹22,03,87,500
Rights Ratio: 1:2
Rights Entitlement ISIN: INE641A20013

Rights Issue Timeline and Operational Schedule

The company has established a comprehensive timeline for the rights issue process, with the issue period scheduled to commence on March 13, 2026, and conclude on March 23, 2026. The record date of March 05, 2026 will determine shareholder eligibility for receiving rights entitlements under the issue.

Timeline Component: Scheduled Date
Record Date: Thursday, March 05, 2026
Rights Issue Opening: Friday, March 13, 2026
Last Date for Renunciation: Wednesday, March 18, 2026
Rights Issue Closure: Monday, March 23, 2026

Share Capital Impact and Corporate Communication

Upon completion of the rights issue, the company's outstanding equity shares will increase from 58,77,000 shares to 88,15,500 shares, representing a significant expansion of the equity base. Company Secretary cum Compliance Officer Sanjana Gupta has formally communicated the record date confirmation to BSE Limited, ensuring adherence to SEBI Master Circular requirements and maintaining transparency with stakeholders through the company's website at www.nexomecap.com .

Historical Stock Returns for Nexome Capital Markets

1 Day5 Days1 Month6 Months1 Year5 Years
-2.21%+14.27%+0.86%+0.86%+0.86%+0.86%
like17
dislike

More News on Nexome Capital Markets

1 Year Returns:+0.86%