Delphi World Money Initiates ₹99.76 Crore Rights Issue to Fund Travel-Fintech Growth; Stock Goes 10% Lower Circuit

Mumbai, 27 October 2025 – Shares of Delphi World Money Limited (NSE: DELPHIFX, BSE: 533452) fell sharply by 10% on Monday trading session. This drop came after the opening of its ₹99.76 crore Rights Issue to fuel its next growth phase. The issue opened on October 27 and expires on November 7, 2025, and comes at a price of ₹191 per share for 23 equity shares for every 49 shares owned. The eligibility record date was October 14.

Delphi’s Rights Issue comprises 52.23 lakh fully paid-up equity shares and will be traded on both the BSE and NSE through the ASBA route in dematerialised form.

Strategic Purpose and Growth Plans

The company stated that the proceeds of the funds will strengthen its balance sheet, facilitate inorganic growth opportunities, and fund digitalisation in its forex, travel, and remittance business. Delphi is a Category II Authorised Dealer-approved by RBI, and its focus is on integrating travel and financial services onto one platform.

Delphi has acquired Ebix Travels Pvt. Ltd., which includes segments such as MICE (Meetings, Incentives, Conferences, Exhibitions), airline ticketing, business and luxury travel, hotel stay, and car rentals. With this acquisition, Delphi aims to become an end-to-end travel fintech player with a combination of digital payments, remittance offerings, and travel solutions through technology convergence.

Market Reaction and Stock Performance

At ₹218.03, Delphi shares reached the 10% lower circuit, falling ₹24.23 from the previous close of ₹242.26 as of 3:03 pm IST. The counter had opened at ₹245 and closed at a low of ₹218.03 during the day. Despite the short-term correction, the stock has risen over 61% in the past six months, reflecting strong medium-term investor demand. Its 52-week range is ₹102.02–₹296.25 and has a market cap of ₹356.50 crore and a free-float market cap of ₹80.87 crore. Delphi is trading at an adjusted P/E of 29.23.

Founded in 1985, Delphi World Money Limited is an RBI-approved Category II Authorised Dealer of foreign exchange, money transfer, and electronic financial services. Delphi unites the legacy of Mercury Travels (founded in 1948) with next-generation fintech platforms such as in.via.com. As the geographic anchor point for Ebix Inc.’s global travel and hospitality operations, Delphi is aggressively positioning itself as a key player among India’s growing travel–fintech space.

REF: https://nsearchives.nseindia.com/corporate/DELPHIFX_27102025111650_Stock_Exchange_Intimation_Press_Release.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations