Baid Finserv Limited Successfully Concludes INR 30.02 Crore Rights Issue, 1.07 Times Oversubscribed

Baid Finserv Ltd. (BSE: 511724, NSE: BAIDFIN), India's growing MSME Loans (LAP) and Vehicle Loans provider (NBFC) is pleased to announce the successful closure of its INR 30.02 crore Rights Issue on December 03, 2025. The issue was 1.07 times oversubscribed, reflecting the trust and confidence that shareholders continue to place in the Company's long-term vision and strategy.

Structured as a 1:4 Rights Issue at INR 10 per share (including a premium of INR 8 per share), the offering allowed eligible equity shareholders to subscribe to approximately 1 equity shares for every 4 share held as on the record date. The strong and broad-based participation-from promoters, high-net-worth individuals, and retail investors alike-underscores the Company's resilient fundamentals and its growing role in the NBFC Sector.

The Rights Issue Committee of the Company, in its meeting held on December 08, 2025, approved the allotment of 3,00,17,075 Fully paid-up equity shares at INR 10 per share (including INR 8 as share premium).

Following the allotment, the company's equity share capital increased from 12.007 crore shares to 15.008 crore shares. The Promoters' shareholding increased from 36.25% to 45.71%, while the public shareholding now stands at 54.29%.

The Company plans to deploy the net proceeds from the Rights Issue towards:

1. Augment the capital base of our Company and resources for meeting funding requirements for our Company's business activities including onward lending;

2. Repayment and/or prepayment, in full or in part, of certain identified borrowings availed by the Company from banks and financial institutions; and

3. General corporate purposes.

Commenting on the outcome, Aman Baid, Whole-Time Director, of Baid Finserv Limited, said: We are deeply grateful for the overwhelming support and confidence demonstrated by our shareholders. Their trust in our strategic vision inspires us to continue strengthening our position in the financial services sector. The capital raised will enhance our balance sheet and enable us to invest in key growth areas such as expanding our lending portfolio and our long-term strategic goals. We remain committed to delivering sustainable value to our stakeholders and contributing to the growth of India's financial ecosystem."

Note: The subscription data is provisional, subject to reconciliation, clearance of funds, and finalization of the basis of allotment in accordance with SEBI guidelines.

Source : Equity Bulls

Keywords

BaidFinserv FundRaising RightsIssue Oversubscription