Penny stock below Rs 30 from the IT sector, Board Meeting approved FCCBs up to USD 50 million, QIP up to Rs 250 crore and authorised capital to Rs 100 crore
DSIJ Intelligence-1 / 08 Sep 2025/ Categories: Penny Stocks, Trending
The stock is up 48 per cent from its 52-week low of Rs 19.01 per share and has given multibagger returns of 240 per cent in 5 years.
On Monday, shares of Kellton Tech Solutions Limited surged 11.4 per cent to Rs 28.14 per share from its previous closing of Rs 25.27 per share. The stock’s 52-week high is Rs 35.50 per share and its 52-week low is Rs 19.01 per share. The shares of the company saw a spurt in volume by more than 3 times on the BSE.
The Board of Directors of Kellton Tech Solutions Limited has recommended raising funds through two distinct methods. The first is an issuance of Foreign Currency Convertible Bonds (FCCBs) on a private placement basis, intending to raise up to USD 50 million. This move, subject to regulatory approvals, aims to secure capital by offering eligible securities that are convertible into equity shares.
In addition to the FCCB issuance, the Board has also proposed a Qualified Institutional Placement (QIP) to raise to Rs 250 crore. This second fundraising effort will involve the issuance of various securities, including equity shares, debentures, or other instruments convertible into equity, in one or more tranches. To support these fundraising initiatives, the company has also recommended increasing its authorised share capital from Rs 60 crore to Rs 100 crore and amending its Memorandum of Association accordingly.
About the Company
Kellton Tech, a "Born Digital" technology consulting and services company, helps diverse clients from startups to Fortune 500s achieve digital transformation and competitive advantage. Renowned for its deep domain and tech expertise, Kellton Tech acts as a trusted partner. The rapidly growing company has been recognised on Deloitte's "Technology Fast50" India list four times, Forbes Asia's "Best Under a Billion" list and as a top tech workplace, with 1500 employees across the US, Europe, India and Asia-Pacific.
For the first quarter ending June 30, 2025, Kellton Tech Solutions Ltd. reported a consolidated revenue of Rs 296.10 crore, which represents a 12.8 per cent year-over-year and 3.1 per cent quarter-over-quarter increase. Its net profit for the quarter was Rs 22.70 crore, showing a 13.5 per cent year-on-year rise, with an EPS of Rs 2.32. In FY25, the company reported an 11.7 per cent increase in annual net sales to Rs 1,098 crore and a 23.4 per cent rise in net profit to Rs 80 crore compared to FY24.
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The company's 1:5 stock split became effective on July 28, 2025. Each equity share with a face value of Rs 5 has been converted into five shares with a face value of Re 1 each. FIIs bought 2,06,150 shares and increased their stake to 1.27 per cent in Q1FY26 compared to Q4FY25. The company's promoters hold 40.78 per cent stake as of June 2025 and the stock trades at a PE of 15x whereas the industry PE is 30x. The company has a market cap of over Rs 1,300 crore. The stock is up 48 per cent from its 52-week low of Rs 19.01 per share and has given multibagger returns of 240 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.