Kellton Tech Solutions Ltd.

Kellton Tech Solutions is currently trading at Rs. 75.50, up by 2.75 points or 3.78% from its previous closing of Rs. 72.75 on the BSE.

The scrip opened at Rs. 74.40 and has touched a high and low of Rs. 77.45 and Rs. 71.85 respectively. So far 115712 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 87.00 on 21-May-2015 and a 52 week low of Rs. 14.07 on 18-Sep-2014.

Last one week high and low of the scrip stood at Rs. 81.85 and Rs. 63.00 respectively. The current market cap of the company is Rs. 320.89 crore.

The promoters holding in the company stood at 62.72% while Non-Institutions held 37.28% stake in the company.

Kellton Tech Solutions is planning to raise $15 million from the domestic markets through a qualified institutional placement (QIP) by November this year. The company will use a part of issue proceeds for debt write-off, while $10 million will be used for acquisitions in the areas of enterprise applications and I-Smac (Internet of Things, social media, analytics and cloud).

Further, the company is looking at smaller companies in Australia, Europe and the US to acquire, and is expected to close one buyout by December this year, and another by the end of next year.

Kellton Tech Solutions provides a suite of application development, integration, testing and maintenance services. Its consultants have extensive project management experience and expertise in areas like Business Analysis, Java/ J2EE, Microsoft Technologies, Testing, ERP, Business Intelligence and Data Warehousing (BI & DW), Database Administration, Infrastructure management, etc.