Infibeam Avenues Shares: Infibeam Avenues Ltd (NSE: INFIBEAM) share witnessed a big decline on 11 September. The company’s share fell by 8% in early trade.
This decline came on a day when the stock has become ex-dated for the spin-off of Odigma Consultancy Solutions. Under this process, every shareholder of Infibeam Avenues Ltd will be allotted shares of Odigma in the ratio of 1:89.
For this, the company kept the record date on Wednesday (11 September). The record date will decide which shareholders will be eligible for the allotment of this new share.
The company said that investors who hold 89 shares of Infibeam Avenues Ltd will be allotted one share of Odigma Consultancy Solutions. However, if an investor becomes entitled to get partial or fractional shares, he will not be given fractional shares.
Instead, Odigma will combine those fractional shares and sell them in the market and the amount received from that sale will be distributed among the concerned investors.
These equity shares from Odigma are scheduled to appear on BSE as well as NSE. Let us tell you that the company got approval for a spin-off from the Ahmedabad bench of the National Company Law Tribunal (NCLT) in early August.
Since the start of the year, the share of the company has risen by around 33.11%.
At the same time, in the last year, it has given a return of 58.65 % to its investors, while Nifty has seen a gain of 28% during this period.
Table of Contents
Analysts’ Opinion
A stock broker recently said in a report that they have full confidence in the expansion plans of Infibeam Avenues.
The company has a strong potential for growth due to recent acquisitions, opportunities in international markets, and the latest offers.
A multi-strategy trading firm has also increased the company’s earnings estimates for FY25 and FY26 by 12.5% and 5% respectively.
Quick Fact
| Company name | Infibeam Avenues |
|---|---|
| Decline Date | 11 September |
| Decline Amount | 8% |
| Reason for Decline | Ex-date for spin-off |
| Spin-off Company | Odigma Consultancy Solutions |
| Share Allotment Ratio | 1:89 |
| Record Date | 11 September |
| Share Eligibility | 89 shares for 1 Odigma share |
| Fractional Shares | Sold and distributed |
| Listing Exchange | BSE and NSE |
| NCLT Approval Date | Early August |
| YTD Growth | 33.11% |
| 1-Year Return | 58.65% |
| Nifty Return | 28% |
| Analyst Opinion | Positive on expansion plans |
| Growth Factors | Acquisitions, international markets, new offers |
| Possible Earnings Increase (FY25) | 12.5% |
| Possible Earnings Increase (FY26) | 5% |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
