Supernet Right Issue Rs915m Plan to Fund Growth
Supernet Technologies Limited plans a strong move with its Supernet Right Issue. The company aims to raise about Rs914.77 million. This step will support growth and improve cash flow. The firm shared its plan with the Pakistan Stock Exchange. It will issue 91.48 million new shares. Each share will cost Rs10, which is below market price. Shareholders will receive 85 shares for every 100 they own. Therefore, the company expects strong participation. In addition, the discounted price makes the offer more attractive. The board approved this plan on July 15, 2026. The price reflects a major discount from the recent market value. As a result, more investors may join the offer.
Use of Funds
Supernet will divide the funds into two main uses. First, it will allocate about Rs464.77 million for working capital. This will help manage daily operations smoothly. For example, the company will fund inventory, receivables, and project guarantees. Moreover, it recently secured a contract worth nearly Rs1 billion. Therefore, extra funds will support future expansion. Second, the company will use Rs450 million to pay part of its dues to Telecard Limited. This payment relates to a past acquisition deal.
Financial Growth and Outlook
Supernet has shown steady progress in recent years. Its revenue reached Rs9.27 billion in FY2025. This marks growth from Rs8.50 billion in the previous year. In addition, non-service revenue grew strongly over time. The company expects more projects to drive future gains. However, some liabilities will still remain after this payment. The firm may explore more funding options later. These include internal cash, loans, or another right issue.
Ownership and Risk Factors
Telecard Limited holds a major stake in Supernet. It has committed to support the issue by subscribing shares. However, its ownership may reduce after the issue. The company also highlighted possible risks. These include market changes, technology shifts, and operational challenges. Still, underwriting support reduces the risk of low participation.
