5paisa Capital rights issue closes 1.24x in 2026

5paisa Capital Limited has concluded its rights issue of ₹468.82 crore, with demand exceeding the issue size and the promoter group reporting a higher stake after allotment. The offer, priced at ₹300 per share, drew 123.67% subscription, indicating strong participation through the ASBA route.

The company also disclosed key post-issue changes, including an increase in paid-up equity capital and mandatory promoter disclosures under SEBI takeover rules. The timeline shared by the company and reports around listing dates suggest the new shares are expected to begin trading shortly, subject to required permissions.

Rights issue structure and key terms

The rights issue comprised up to 15,627,419 fully paid-up equity shares with a face value of ₹10 each. These shares were offered at ₹300 per rights equity share, including a premium of ₹290 per share. Eligible shareholders were offered entitlement in the ratio of 1 rights equity share for every 2 fully paid-up equity shares held.

The record date for determining eligibility was March 17, 2026. The subscription window ran from March 27 to April 10, 2026. The total issue size, based on the disclosed amount, was ₹468.82 crore.

Subscription outcome: applications, rejections, and final demand

The issue received applications for 19,328,292 rights equity shares through 680 applications via the Application Supported By Blocked Amount (ASBA) mechanism. After technical rejections, the final processed demand remained above the offered quantity.

As disclosed, 83 applications for 2,150 shares were rejected on technical grounds. This left 597 valid applications for 19,326,142 rights equity shares that were processed. Based on these figures, the subscription was 123.67% of the issue size.

Allotment process and expected trading timeline

The basis of allotment was finalised on April 13, 2026, in consultation with BSE Limited as the designated stock exchange and the registrar to the issue. The Board of Directors approved the allotment of 15,627,419 rights equity shares at its meeting held on April 13, 2026.

The company said dispatch of allotment advice and unblocking intimation to investors was completed on April 15, 2026. Trading in the fully paid-up equity shares was expected to commence on April 17, 2026, subject to receipt of trading permissions from both BSE and NSE.

Separately, a report also referenced a deemed date of allotment of April 15, 2026 and indicated listing at NSE and BSE on April 16, 2026.

Promoter participation and SEBI takeover disclosures

After the rights issue, the promoter group filed mandatory disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosures relate to the change in promoter holdings following allotment.

The promoter group collectively acquired 6,872,275 equity shares through the rights issue. Their combined shareholding increased from 32.76% to 36.50%.

Capital structure changes after the issue

The rights issue expanded 5paisa Capital’s equity base. The total equity share capital increased from ₹31.254838 crore, comprising 31,254,838 equity shares, to ₹46.882257 crore, comprising 46,882,257 equity shares of ₹10 each.

The company also disclosed that total diluted share capital stands at ₹47.519707 crore, comprising 47,519,707 equity shares.

Financial context cited alongside the fundraise

The broader context around the fundraise includes financial performance references for FY26. For Q3 FY26 (ended Dec 31, 2025), the company’s total revenue from operations was ₹79.275 crore, compared with ₹85.267 crore in Q3 FY25.

Net profit (PAT) for Q3 FY26 was ₹12.2996 crore, versus ₹16.1774 crore in Q3 FY25. Basic EPS for Q3 FY26 was reported at ₹3.94 (not annualised), with diluted EPS at ₹3.93.

For the nine months ended Dec 31, 2025 (9M FY26), total revenue from operations was ₹234.1338 crore and PAT was ₹33.3303 crore.

Other regulatory and corporate updates mentioned

The company submitted quarterly certificates under SEBI (Depositories and Participants) Regulations, 2018 for Q4 FY26 ended March 31, 2026. The submission date cited was April 10, 2026.

The certificates referenced confirmations from MUFG Intime India Private Limited, acting as registrar and share transfer agent, and separate certificates for NSDL and CDSL from Nilesh Shah & Associates for the period January 1, 2026 to March 31, 2026.

Separately, the company also referenced an income tax order involving a demand of ₹0.7511 crore.

Market reaction captured in the report

A reported market reaction showed the stock settling 1.53% higher at ₹305.11 on the NSE. This move was cited alongside the closure of the rights issue and the oversubscription outcome.

Key facts table

Why the rights issue outcome matters

For a capital markets-facing business, the rights issue outcome is relevant because it changes both the equity base and the promoter holding position. The oversubscription indicates that demand exceeded the company’s offered quantity, while the allotment numbers define the actual increase in paid-up capital.

The disclosures also place the post-issue capital structure in focus, including the distinction between paid-up equity share capital and diluted share capital. For investors tracking share count and ownership, the promoter acquisition and the disclosed percentages provide a clear view of how the holding pattern changed after the issue.

What to watch next

Two near-term milestones are the receipt of trading permissions from BSE and NSE and the start of trading in the newly issued shares, based on the timelines cited around mid-April 2026. Investors may also track subsequent exchange filings that reflect the updated share capital and shareholding pattern after credits to demat accounts.

Further, the company’s ongoing compliance filings under SEBI depository regulations, along with updates related to the income tax demand referenced, remain part of the formal disclosure trail to watch.