There is nothing good or bad in rights issue. I was expecting rights issue @ Rs. 100… They are offering @175. It is good in the sense that the company will get enough capital to sustain the growth for some time. Once they reach a topline of 150-200 crores, they will be able to generate a profit of Rs. 20-25 crores, which will be sufficient to sustain growth without much capital dilution.
It is also good as it shows that the management is valuing it’s shares properly.
Let us see how they perform in H1-2025.
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