Nexome Capital Markets Limited has successfully completed its rights issue, achieving significant oversubscription and finalizing the allotment of equity shares. The company, formerly known as SMIFS Capital Markets Limited, concluded the issue on March 23, 2026, and completed the allotment process on March 24, 2026.
Rights Issue Performance and Allotment
The rights issue demonstrated strong investor confidence with oversubscription of 100.79% of the total issue size. The Rights Issue Committee meeting held on March 24, 2026, approved the final allotment details following consultation with the Registrar and approval from BSE Limited as the designated stock exchange.
Parameter: Details Issue Size: ₹22,03,87,500 Oversubscription: 100.79% Shares Allotted: 29,38,500 Issue Price: ₹75 per share Share Premium: ₹65 per share Face Value: ₹10 per share
Updated Share Capital Structure
Following the successful allotment, the company's paid-up equity share capital has been significantly enhanced. The Rights Issue Committee meeting, which commenced at 07:50 P.M. and concluded at 08:05 P.M. on March 24, 2026, formalized these changes.
Capital Structure: Details Total Equity Shares: 88,15,500 Face Value per Share: ₹10 Post-Issue Paid-up Capital: ₹8,81,55,000
Issue Timeline and Regulatory Framework
The rights issue was conducted over a 10-day period with specific timelines established for investor participation. The issue received formal approval from the company's Rights Issue Committee during their meeting on February 24, 2026.
Timeline: Details Issue Opening: March 13, 2026 at 10:00 a.m. IST Issue Closing: March 23, 2026 at 05:00 p.m. IST Allotment Date: March 24, 2026 Committee Meeting Duration: 07:50 P.M. to 08:05 P.M.
Regulatory Compliance and Communication
The rights issue was conducted in strict accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company maintained transparent communication with BSE Limited throughout the process, with official intimations signed by Sanjana Gupta, Company Secretary-cum-Compliance Officer.
Key regulatory compliance included adherence to:
Companies Act, 2013 and rules made thereunder, as amended
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The company has made all relevant details available on its website at www.nexomecap.com and requested BSE Limited to take the information on record, demonstrating its commitment to maintaining regulatory transparency and stakeholder communication.
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 .
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