Kellton Tech Rights Issue: Board Approves Rs 160 Crore Offer, Issue Price; Check Record Date as Stock in Focus

Kellton Tech Solutions is preparing to raise fresh capital of up to Rs 160 crore from its existing shareholders, after its board approved a proposed rights issue. The fundraising plan puts the spotlight on the IT company's next financial move, although investors are still waiting for details that will determine the cost of subscribing to the offer.

Kellton Tech Rights Issue: Board Approves Rs 160 Crore Fundraising

At its October 17, 2026 meeting, the board approved the proposed equity issuance and cleared the Draft Letter of Offer. The company has yet to disclose the price at which shares will be offered, how the entitlement will be distributed among shareholders or when the issue will open for subscription.

Kellton Tech intends to raise the money by offering additional equity shares to eligible existing shareholders. The proposed issue covers shares with a face value of Re 1 each, with the total fundraising capped at Rs 160 crore.

Under this arrangement, shareholders receive an opportunity to buy additional shares according to the entitlement set out in the final offer terms. The number of shares available to each investor will depend on the rights ratio announced by the company.

The final issue price will also be crucial. It will establish how much eligible investors must pay to take up their entitlements and help them compare the offer with the stock's prevailing market price.

The company has not yet disclosed enough information to determine the exact number of shares it intends to issue or the proportion of its enlarged equity that the new shares could represent.

Kellton Tech Share Price Ahead Of Rights Issue Announcement

Kellton Tech Solutions closed at Rs 12.47 on the NSE on Friday, October 16, gaining around 3% during the session, according to the market figures provided. The stock's 52-week high is Rs 23.80, while its 52-week low is Rs 11.80.

With the company's market capitalisation estimated at approximately Rs 660 crore, the proposed Rs 160 crore fundraising is substantial relative to its current market value.

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