Latest news with #KelltonTechSolutions
Mint
19 hours ago
- Business
- Mint
Small-cap multibagger stock to be in focus on Monday; here's why
Multibagger small-cap stock Kellton Tech Solutions will likely hog the limelight when the Indian stock market resumes trading on Monday, July 7, following an update by the company regarding the allotment of shares against the foreign currency convertible bonds (FCBs) issued by the company. Kellton Tech Solutions, in an exchange filing on Friday post-market trading hours, said that its Security Issuance Committee at its meeting approved the allotment of 11,26,580 shares against the conversion of FCCBs. "Members of the Security Issuance Committee (hereinafter referred as 'SIC') of the Company at their meeting held today i.e. July 04, 2025, has approved the allotment of 11,26,580 (Eleven Lakh, Twenty Six Thousand, Five Hundred and Eighty) Equity shares of face value of ₹ 5/- each (fully paid-up) against the conversion of Foreign Currency Convertible Bonds (FCCBs) Issued by the of the Company," the small-cap company said in a filing. These shares were issued at a price of ₹ 106 per share, and will be listed on the BSE and the National Stock Exchange (NSE), it further said. The small-cap stock also clarified that the shares allotted are identical in all respects to the existing equity shares of the Company and shall rank pari passu with them from the date of allotment. "Consequent to the aforesaid allotment of 11,26,580 equity shares of ₹ 5/- each pursuant to the partial conversion of FCCBs, the paid-up equity share capital of the company has increased from ₹ 48,75,69,670/- comprising 9,75,13,934 equity shares of ₹ 5/- each fully paid-up to ₹ 49,32,02,570/- comprising 9,86,40,514 equity shares of ₹ 5/- each fully paid-up," Kellton Tech Solutions said in a filing. Kellton Tech Solutions share price ended the day ahead of the announcement in the green, rising 4.82% to end at ₹ 134.90. The IT services company, having a market capitalisation of ₹ 1,315 crore, has seen its share rise 24% in just three months. In the last one year, the small-cap stock is up 21%. However, on a year-to-date basis, it has lost 14%. Yet, over the longer time frame of five and 10 years, the small-cap stock has emerged as a multibagger bet, with the scrip gaining 796% in the last five years and 309% in the past 10 years. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
2 days ago
- Business
- Mint
Multibagger stock Kellton Tech Solutions jumps over 5% despite stock market sell-off
Stock Market Today: Multibagger stock Kellton Tech Solutions gained over 5% during intraday trades on Friday. The gains for the despite the stock market sell-off. Check Kellton Tech Solutions business updates Multibagger stock Kellton Tech Solutions recently intimated to the exchanges about the Meeting of the Security Issuance Committee. As per its release by Kelton Tech Solutions on the BSE Ltd, or the Bombay Stock Exchange, or the BSE and the National Stock Exchange of India, the meeting of the Security Issuance Committee of the Board of Directors of Kellton Tech Solutions Limited is scheduled to be held on Friday, July 04, 2025. The meeting of the Security Issuance Committee of the Board of Directors of Kellton Tech Solutions Limited being held today, i.e., Friday, July 04, 2025, as per the company, will consider and approve the conversion of Foreign Currency Convertible Bonds (FCCBs) into equity shares of the company and discuss associated matters in continuation of the earlier fund-raising approved and allotted by the committee. The Kellton Tech solutions recently had also rewarded its shareholders by way of recommending for the subdivision and split of each existing equity share of the Company having a face value of ₹ 5/- (Rupees Five only) each, fully paid-up, into 5 (Five) equity shares having a face value of ₹ 1/- (Rupee One only) each, fully paid-up. Kellton Tech Solutions share price opened at ₹ 129.85 on the BSE on Friday. At the time of opening, the multibagger stock Kellton Tech Solutions share price was up almost 1% compared to the previous day's closing price of ₹ 128.70 and on a day when the Indian share market remained weak. The Kellton Tech Solutions share price thereafter during the intraday trades gained further to intraday highs of ₹ 137.90, which meant gains of more than 7%. The Kellton Tech Solutions share price has risen more than 800% in the last five years and hence given multibagger returns to the investors. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
4 days ago
- Business
- India.com
This company shares in focus as as it considers conversion of foreign currency convertible bonds
शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा Kellton Tech Solutions, an information technology consulting company, has announced that its security issuance committee, part of the board of directors, will meet on July 4, 2025, to consider and approve the conversion of Foreign Currency Convertible Bonds (FCCBs) into equity shares. In May, the company approved the allotment of FCCBs valued at USD 10 million to eligible investors, totaling USD 10,000,000. As per the information shared with exchanges, the bonds carry a coupon rate of 6.5 per cent per annum with a tenure of 10 years, maturing in 2035. The initial conversion price was set at Rs 106 per equity share, it added. What Are Foreign Currency Convertible Bonds? Foreign Currency Convertible Bonds or FCCBs are debt instruments issued by a company. They are generally issued in a foreign currency and can be converted into equity shares of the company at the holder's discretion. This not only offers companies an opportunity to raise capital internationally but also provides investors with the potential for significant equity upside, a promising aspect of Kellton Tech's financial strategy. How FCCBs Work? When a company issues FCCBs, it receives funds in a foreign currency and pays a regular interest (also known as coupon rates) to the bondholders until maturity of conversion. For investors, they act as a regular income during the tenure they hold the bonds. Also, they can benefit from potential gains if the stock of the company rises above the conversion price. 1:5 Stock Split Earlier, the board of directors of the company approved a 1:5 stock split, a move that can be seen as a positive step towards enhancing the liquidity and affordability of the company's shares. This means that each equity share, previously having a face value of Rs 5, will now be split into five equity shares, each having a face value of Re 1. Share Price History The stock's 52-week high is Rs 184.30, and its 52-week low is Rs 95.05. The company's market cap, a key indicator of its financial standing, is currently at Rs 1,338.38, providing a comprehensive view of Kellton Tech's market value. According to BSE Analytics, the counter has given a multibagger return of 121 per cent in two years. While it has given a positive return of 30.85 per cent in one year, the counter has corrected 13.44 per cent so far this year.
India.com
19-06-2025
- Business
- India.com
This company declares issue price for fundraise: Check price and other details
इंवेस्टमेंट से पहले रिस्क को जांच लें 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.
Mint
19-06-2025
- Business
- Mint
Multibagger small-cap stock declares issue price for ₹69.30 crore fundraise via issuance of warrants
Stock Market Today: Multibagger small-cap stock declares issue price for ₹ 69.30 crore fundraise via issuance of warrants. Check details about Kellton Tech Solutions Limited Multibagger small-cap stock Kellton Tech Solutions, announcing the outcome of the board meeting on the exchanges on 18 June, gave the issue price details for the ₹ 69.30 crore fundraise via issuance of warrants. Kellton Tech Solutions, in its release on the National Stock Exchange of India and the BSE, or the Bombay Stock Exchange, said that the issue price for the ₹ 69.30 crore fundraise via issuance of warrants stood at ₹ 126. The board of directors of Kellton Tech Solutions on 11 June 2025 had considered and approved raising funds through the issue and allotment of up to 5,500,000 (fifty-five lakhs) warrants. The issued funds will be convertible into 1 (one) equity share of face value of ₹ 05/- (rupees five only) each. The approved raising of funds through the issue and allotment of warrants by Kellton Tech Solutions is to certain promoter and non-promoter investors on a preferential basis. The fundraising through warrants is at an issue price of ₹ 126/- (Rupees One Hundred Twenty-Six Only), including a premium of ₹ 121/- (Rupees One Hundred Twenty-One) per warrant, clarified Kellton Tech Solutions on 18 June 2025, through its release. The fundraiser will be aggregating up to maximum amount of ₹ 69,30,00,000/- (Rupees Sixty-Nine Crore Thirty Lakh only), subject to the approval of regulatory and statutory authorities and the Members of the Company at the ensuing Extraordinary General Meeting. Multibagger small-cap stock Kellton Tech Solutions Ltd. also announced the recommendation by its board for a stock split in the ratio of 1:5, following a board meeting held on June 14, 2025. The sub-division will split each fully paid-up equity share with a face value of ₹ 5 into 5 equity shares with a face value of ₹ 1. The same will be taken up at the AGM, and an ordinary resolution is to be passed at the upcoming Extraordinary General Meeting (EGM) to change the company's share capital by dividing each existing equity share with a face value of ₹ 5/- (Rupees Five only) each, fully paid-up, into 5 (Five) equity shares with a face value of ₹ 1/- (Rupee One only) each, fully paid-up, as has been considered, approved, and recommended to the shareholders.
