Baid Finserv Completes Oversubscribed Rights Issue Raising ₹30.02 Crores
Baid Finserv Limited completed its oversubscribed rights issue raising ₹30.02 crores through allotment of 3.00 crore equity shares at ₹10 per share. The 1:4 rights offering was oversubscribed 1.07 times, demonstrating strong investor confidence. Post-allotment, the company's share capital increased by 25% with promoter holding rising from 36.25% to 45.71%. The proceeds will be used for capital augmentation, debt repayment, and general corporate purposes to support the NBFC's expansion in vehicle loans and MSME financing across multiple states.
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Baid Finserv Limited , a financial services company, has successfully completed its rights issue, raising ₹30.02 crores through the allotment of 3,00,17,075 equity shares at ₹10.00 per share. The rights issue, which opened on November 25, 2025, and closed on December 03, 2025, was oversubscribed by 1.07 times, reflecting strong investor confidence in the company's growth prospects.
Rights Issue Performance and Structure
The issue was structured as a 1:4 rights offering at ₹10.00 per share, including a premium of ₹8.00 per share. Eligible equity shareholders could subscribe to approximately 1 equity share for every 4 shares held as on the record date.
| Aspect | Details |
|---|---|
| Shares Allotted | 3,00,17,075 equity shares |
| Issue Price | ₹10.00 per share (₹8.00 premium) |
| Total Amount Raised | ₹30,01,70,750 |
| Oversubscription | 1.07 times |
| Opening Date | November 25, 2025 |
| Closing Date | December 03, 2025 |
Impact on Share Capital and Shareholding Pattern
Following the allotment approved by the Rights Issue Committee on December 08, 2025, the company's paid-up share capital increased significantly. The total number of shares rose from 12,00,68,300 to 15,00,85,375, representing a 25% increase in outstanding shares.
| Parameter | Before Issue | After Issue | Change |
|---|---|---|---|
| Total Shares | 12,00,68,300 | 15,00,85,375 | +25% |
| Promoter Holding | 36.25% | 45.71% | +9.46% |
| Public Holding | 63.75% | 54.29% | -9.46% |
Planned Use of Proceeds
The company has outlined three key areas for deploying the net proceeds from the rights issue:
- Capital Augmentation: Strengthening the capital base and resources for meeting funding requirements for business activities including onward lending
- Debt Repayment: Repayment and/or prepayment of certain identified borrowings from banks and financial institutions
- General Corporate Purposes: Supporting overall business operations and strategic initiatives
Management Commentary
Aman Baid, Whole-Time Director of Baid Finserv Limited, expressed gratitude for the overwhelming shareholder support, stating that the trust demonstrated by shareholders inspires the company to continue strengthening its position in the financial services sector. He emphasized that the raised capital will enhance the balance sheet and enable investments in key growth areas such as expanding the lending portfolio and achieving long-term strategic goals.
Company Profile and Market Position
Established in 1991, Baid Finserv operates as a Non Deposit Taking Base Layer NBFC, providing auto loans, commercial vehicle loans, MSME loans, and loans against property. The company focuses on serving underserved semi-urban and rural areas in Rajasthan and has recently expanded operations into Madhya Pradesh, Gujarat, and Maharashtra. The strong participation from promoters, high-net-worth individuals, and retail investors underscores the company's resilient fundamentals and growing role in the NBFC sector.
Historical Stock Returns for Baid Finserv
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.25% | -6.02% | +9.27% | -2.29% | -25.29% | -61.78% |
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