| Issue Size | ₹160 CrMax amount |
|---|---|
| Market Cap | ₹660.54 CrSoftware sector |
| P/E Ratio | 7.23xSector: 23.38x |
| RSI | 41.94Neutral zone |
| Deal value | ₹160 Cr |
| Share of market cap | 24.2% |
Key highlights
- Rights Issue approved for an amount up to and not exceeding ₹160 crore
- Proposed issuance of equity shares with a face value of Re 1 each
- Capital raise accounts for 24.2% of the company's ₹660.54 crore market cap
- Board approved the Draft Letter of Offer; final terms and record date pending
- Muskan Manucha appointed as Company Secretary and Compliance Officer
The ₹160 Crore Capital Infusion Structure
Kellton Tech Solutions has authorized a significant equity fundraise through a Rights Issue to eligible shareholders. The board approved the issuance of equity shares with a face value of Re 1 each for a total value not exceeding ₹160 crore. This capital infusion is substantial relative to the company's current market size, representing approximately 24.2% of its ₹660.54 crore market capitalization.
While the Draft Letter of Offer has received board clearance, the specific pricing, rights entitlement ratio, and the record date will be determined by the directors at a later stage.
Succession of Recent Fundraising Activities
- September 2026: Issuance of Foreign Currency Convertible Bonds (FCCBs) up to USD 50 million
- November 2025: Private placement of FCCBs worth up to USD 40 million announced
- September 2025: Proposed equity issuance and borrowing limit hike to ₹750 crore
- June 2025: Preferential issue of 55 lakh share warrants at ₹126 each worth ₹69.30 crore
- December 2024: Board approval for securities issuance totaling ₹100 crore
Operating Profile and Financial Trajectory
The company maintains a steady operational base with TTM operating revenue of ₹1,237.09 crore and a quarterly net profit of ₹22.32 crore as of June 2026. The consolidated order book was reported at ₹1,153.1 crore at the end of 2024, providing a foundation for management's 10% revenue growth guidance for FY27. Despite a 1-year price correction of 45.91%, Kellton Tech currently trades at a P/E of 7.23x, compared to the industry average of 21.7x.
The new capital is expected to support future growth as the company navigates a year where the sector average ROE stands at 27.52%.
New Leadership in Compliance
- Ms. Muskan Manucha designated as the new Company Secretary and Compliance Officer
- Appointment effective from October 18, 2026, following board approval
- Qualifications include Associate Membership of the Institute of Company Secretaries of India
- Professional background includes corporate governance, NCLT proceedings, and SEBI LODR compliance
- Expertise in managing stock exchange filings and corporate actions involving non-convertible debentures
| Date | Announcement | Amount |
|---|---|---|
| 23 Sep 2026 | Rights issue of equity sharesSource: firstindia.co.in | – |
| 05 Sep 2026 | Issuance of Foreign Currency Convertible Bonds (FCCBs) on a private placement basis up to USD 50 millionSource: instagram.com | – |
| 01 Nov 2025 | Issuance of Foreign Currency Convertible Bonds (FCCBs) on a private placement basis up to USD 40 millionSource: scanx.trade | – |
| 06 Sep 2025 | Issuance of equity shares/eligible securities and enhancement of borrowing limits from Rs 500 crore to Rs 750 croreSource: BSE filing | ₹250.00 Cr |
| 14 Jun 2025 | Preferential issue of 55,00,000 share warrants convertible into equity shares at Rs 126 eachSource: venturasecurities.com | ₹69.30 Cr |
| 19 Dec 2024 | Issuance of equity shares and/or other eligible securitiesSource: stockgro.club | ₹100.00 Cr |
What to watch next
- Determination of the final Rights Issue price and entitlement ratio
- Announcement of the Record Date for eligible shareholders
- Filing of the final Letter of Offer with SEBI and stock exchanges
- Quarterly financial results for the period ending September 30, 2026
| Share price | ₹12.43 |
|---|---|
| Market capitalisation | ₹660.54 Cr |
| Revenue (annual) | ₹1,216.94 Cr |
| Net profit (annual) | ₹91.66 Cr |
| Revenue (latest quarter) | ₹315.62 Cr+0.55% vs previous quarter |
| Net profit (latest quarter) | ₹22.32 Cr+14.36% vs previous quarter |
| P/E (TTM) | 7.23×Sector 23.38× |
| Promoter holding | 36.46%+0.43% QoQ |
| FII holding | 0.66%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Kellton Tech Solutions Ltd announcing the board's approval for a Rights Issue and a change in Key Managerial Personnel. Market figures from a third-party data provider.
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