Shares of Kellton Tech Solutions Limited, a small-cap multi-bagger stock, surged 0.7% to an intraday high of Rs 117.30 on Wednesday, up from the previous close of Rs 116.50, marking the stock’s performance positively in the market. The stock has shown notable performance in recent years, rising 38% from its 52-week low of Rs 85.10 and delivering a staggering 630% return over the past five years. Its 52-week high stands at Rs 184.30.
Kellton Tech, in a recent development, disclosed the closure of the Foreign Currency Convertible Bonds (FCCB) issue and secured USD 10 million. This marks a significant step in the company’s capital raising journey as they strengthen international finances to expedite growth and innovation for the company.

The FCCB issue was communicated for public subscription by the company earlier, dated May 16, 2025, and officially closed at the end of business hours on May 20, 2025. The company’s funds that will be raised through the offering are expected to aid in digital transformation initiatives and global expansion plans.

The FCCB proposal came to Kellton Tech’s Board of Directors on May 14, 2025, after getting the company’s shareholders’ approval via resolution on January 22, 2025. The company also received in-principle approval from BSE Limited and National Stock Exchange of India Limited (NSE) on February 20, 2025.

Kellton Tech had to abide by the approved terms that stipulated the issuance of 10,000 senior unsecured foreign currency convertible bonds. The bonds reportedly will mature in the year 2035 and entail a 6.5% coupon rate. It is important to note that these bonds are to be converted into shares of the company, which are fully owned at the face value of Rs 5. The conversion price is set at Rs 106 per share.

The value of the FCCB issued now is approximately Rs 83 Cr, which is out of the 100 crore limit earlier sanctioned by the board. The bonds have independently been issued at 100% of the value of principal, which shows that investors have a strong belief in the company’s growth in the long term. The FCCB issue closure elevates Kellton’s global-growth strategy while ensuring its reputation as a trustworthy tech partner.

Kellton Tech Solutions Limited currently claims a market capitalization of Rs 1,100 crore. The company continues to build strong core principles while demonstrating strategic talent, which in turn has sustained the company’s stock and attracted many investors.
A global technology consulting and IT services provider, Kellton Tech serves clients from all types of industries, including start-ups, SMEs, and even Fortune 500 companies. Following the motto ‘Infinite Possibilities with Technology,’ the firm assists in designing and implementing groundbreaking digital solutions.

The firm has been featured four times on the Deloitte Technology Fast 50 India List and was named one of Asia’s Top 200 ‘Best Under a Billion’ companies by Forbes. This comes to note alongside Kellton having over 1,800 employees across the US, Europe, India, and the Asia-Pacific, showcasing the vast industry recognition the company garners.