This company declares issue price for fundraise: Check price and other details
New Delhi: Kellton Tech Solutions, a promising small-cap IT company, has made a significant move by announcing its plan to raise funds through the issue and allotment of warrants. The company intends to issue and allot up to 55 lakh warrants, each convertible into one equity share with a face value of Rs 5. This strategic move is set to bolster the company's financial position and fuel its growth trajectory.
Issue Price Of Warrant
The company has fixed Rs 126 as the issue price of the warrant. This includes a premium of Rs 121 per premium.
Meanwhile, Kellton Tech Solutions on June 18, 2025, through its release, has clarified that the issue price of the warrant is Rs 126.
The company, in a display of transparency and commitment to accuracy, has promptly corrected the issue price of the warrant. The filing reads, 'The 'Issue Price / Allotted Price (in ₹)' mentioned therein should be read as ₹126/-. The previously stated figure was inadvertently included due to a typographical error and is to be disregarded for all purposes.'
Stock Split
The board of directors of Kellton Tech Solutions has proposed a stock split in the ratio of 1:5. This means that after the split, each fully paid-up equity share of the company, which currently has a face value of Rs 5, will be divided into five equity shares, each with a face value of Re 1. This move is expected to make the company's shares more affordable and attractive to a wider range of investors.
The company, in a show of respect for its shareholders, has not fixed a record date for this corporate action without their approval. It said that the record date for this corporate action will be decided after obtaining approval of the shareholders.
'The record date for the purpose of the above sub-division/split of Equity Shares shall be decided after obtaining approval of the shareholders through EGM will be intimated in due course,' the filing reads.
Stock Market Today
On Thursday, the benchmark indices Sensex and Nifty experienced a decline in early trade. This was in line with the weak trends from global markets, which were influenced by the ongoing Iran-Israel conflict. The geopolitical tensions continue to weigh on investors' sentiment, leading to a cautious market environment.
The 30-share BSE Sensex declined 253.62 points to 81,191.04 in early trade. The 50-share NSE Nifty dropped 73.95 points to 24,738.10.
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