After the Inventure Growth and Securities rights issue, it is now preparing to expand its business. The company gave this information in an exchange filing today on 26 August. This company does the business of wealth management and distribution of financial products. The company’s shares saw a decline of 0.69 percent today and the stock closed at Rs 2.88. The market cap of the company is Rs 302.40 crore. The 52-week high of the stock is Rs 3.77 and the 52-week low is Rs 1.78. In the last 5 years, this stock has given a return of 161 percent.
This is the plan of the company
The company today informed about the plan to use the funds after the successful completion of the rights issue. The company said that out of the funds received from the rights issue, Rs 19.10 crore will be used to expand the company’s arbitrage and share trading business.
Apart from this, the company has set aside Rs 15 crore for the expansion of its Margin Trading Facility (MTF). The company has set big targets for its MTF business, under which AUM is expected to grow from Rs 39.48 crore in FY 2024 to Rs 90 crore by FY 2026. The company said that it is also investing Rs 3.93 crore in advanced technology and software, understanding the role of cutting-edge technology in the broking industry.
About the Company
Inventure Growth & Securities Limited was founded in the year 1995 and is based in Mumbai. The company operates through 199 business locations, including branches and authorized employees across India. The company has a total of 106 employees spread across various departments. Promoters hold 26.40% stake in the company and the public holds 73.59% stake.
