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Centum Electronics gains on launching QIP
11-Mar-25   10:49 Hrs IST

The company's board authorized and declared the opening of the issue on Monday, 10 March 2025.

The floor price of Rs 1,219.65 is at a premium of 1.57% to the scrip's previous closing price of Rs 1,200.75 on the BSE.

The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the book-running lead managers appointed for the issue.

Centum Electronics is in electronic system design and manufacturing, manufacturing high-end electronics modules, subsystems, and systems used in the aerospace, defense, and industrial electronic sectors.

The company reported a consolidated net loss of Rs 19.30 crore in Q3 FY25 as against a net profit of Rs 7.25 crore in Q3 FY24. Net sales slipped 4.5% to Rs 275.47 in Q3 FY25 as against Rs 288.42 crore posted in the third quarter of FY24.

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