Centum has a diversified presence in space technology, defence electronics and railway information systems. The management is raising funds through a Qualified Institutional Placement of shares at a floor price of Rs 1,219.65 per share. The share sale will offer a discount of not more than 5% to the floor price for the issue, said Centum, which is aiming to use the fund raise as a ‘growth capital’ to support the standalone business. A key concern for Centum remains its Canadian subsidiary, which has been a drag on its overall performance, and the management has been considering measures to revive Canadian operations, which include shifting some work to India, in order to lower costs. The company has significant contracts for satellite-based payloads and electronic warfare applications, and boasts of a strong domestic defense orderbook that has risen from Rs 376 crore in FY23 to Rs 563 crore as of 9MFY25. \”Rising defence budget prioritizes advanced technology systems and next-generation capabilities creating substantial opportunities for electronic manufacturing industry,\” Centum said.