Draft Letter of Offer
Awaiting price reaction for this filing.
Capricorn Systems Global Solutions Ltd has filed the Draft Letter of Offer with BSE for a proposed Rights Issue to raise up to Rs. 24 crore (Rs. 2,400 lakhs). The shares will have a face value of Rs. 10 each, and existing eligible shareholders will be offered new shares in a ratio and at a price that is yet to be decided. The company's Board approved the fund-raising plan on October 10, 2025, and the record date for identifying eligible shareholders has not yet been fixed. KFin Technologies is the registrar to the issue and the company's shares are listed on BSE under scrip code 512169.
Existing shareholders will get a chance to buy additional shares in proportion to their current holdings once the record date and issue price are announced, which could lead to some short-term dilution of their stake. The actual impact on the share price will depend on the issue price, ratio, and how the raised funds are planned to be used, details of which are not yet disclosed.