Kaynes technology ipo

Kaynes Technology IPO Listing Date, Time, Kaynes Technology Share Price NSE, BSE: In line with the expectations of analysts, Kaynes Technology India Limited (KTIL) made a strong stock markets debut on Tuesday. The stocks were listed at a premium of over 30 per cent. It traded at Rs 765 at NSE and Rs 764 at BSE at 10 am. According to Zee Business Managing Editor Anil Singhvi, short-term investors can keep a stop loss of Rs 750. Earlier, Kaynes Technology got a decent response from the investors as it received 34.16 times the subscription on the last day of the offer. According to NSE data, the IPO got bids for 35.76 crore shares against 1.04 crore shares on offer. Kaynes Technology IPO was launched on November 10 and ended on November 14. The allotment of the equity shares in the IPO took place on November 18.

Kaynes Technology, a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company will float its maiden initial public offer (IPO) on November 10. Here are 10 key things to know before subscribing to the public issue: 1. IPO Dates The issue will open for subscription on November 10 (Thursday) and the last day to subscribe to the public offer is November 14 (Monday). 2. Price Band The price band for the offer has been fixed between Rs 559 - 587 per equity share of face value Rs 10 each. 3. Offer Details The company provides conceptual design, process engineering, integrated manufacturing and life-cycle support for major players in the automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways, Internet of Things ("IoT"), Information Technology ("IT") and other segments. Through this IPO, the company aims to garner ~Rs 860 crore and the public offer comprises a fresh issue of shares worth Rs 530 crore by the company, and an offer-for-sale (OFS) of 55.84 lakh shares aggregating to ~Rs 327.82 crore by the promoter and investor. Promoter Ramesh Kunhikannan will offload 20.84 lakh shares via the OFS, and the remaining 35 lakh shares will be sold by investor Freny Firoze Irani. The company has reserved Rs 1.5 crore worth shares for its employees. Post the issue, the promoter shareholding will decline by 12.39 percent and come down to 67.39 percent from the current 79.78 percent stake held by the them in the company. Of the ...

Kaynes Technology IPO Subscription Status Live Kaynes Technology IPO subscribed 34.16 times. The public issue subscribed 4.10 times in the retail category, 98.47 times in QIB, and 21.21 times in the NII category by Nov 14, 2022. Investor Category Subscription (times) Shares Bid for Total Amount (Rs Cr.)* Qualified Institutions 98.47 28,79,18,550 16,900.82 Non-Institutional Buyers 21.21 4,78,38,650 2,808.13 bNII (bids above ₹10L) 23.07 3,47,01,125 2,036.96 sNII (bids below ₹10L) 17.47 1,31,37,525 771.17 Retail Investors 4.10 2,15,82,375 1,266.89 Employees 11.92 3,19,925 18.78 Others [.] 0 0 Total 34.16 35,76,59,500 20,994.61 Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range. Kaynes Technology IPO Shares Offered Kaynes Technology IPO is a public issue of 10,470,246 equity shares. The issue offers 5,263,667 shares to retail investors, 2,923,888 shares to qualified institutional buyers, and 2,255,858 shares to non-institutional investors. Category Shares Offered Amount (Rs Cr) Size (%) QIB 2,923,888 171.63 27.93% NII 2,255,858 132.42 21.55% bNII (bids above ₹10L) 1,503,905 88.28 14.36% sNII (bids below ₹10L) 751,953 44.14 7.18% Retail 5,263,667 308.98 50.27% Employee 26,833 1.58 0.26% Total 10,470,246 614.60 100% IPO Investor Categories • Qualified Institutional Buyers (QIB) Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who ...

The IPO of Kaynes Technology (Kaynes), which opened for subscription on November 10, is on till November 14. The issues size of around ₹ 850 crore consists of a fresh issue of ₹530 crore, the rest being offer for sale by promoter and another investor.The company intends to use the proceeds from fresh issue for capex/capacity expansion, repayment of borrowings and funding working capital requirements. The promoter shareholding, which is at 80 per cent now, will reduce to 64 per cent post issue. Kaynes is in the business of integrated electronics manufacturing. While the growth prospect is interesting, at the upper end of the IPO price band of ₹559-587/share, Kaynes is valued at very expensive levels. On post issue shareholding basis, the valuation works out to 82 times FY22 PE and around 87 times annualised June Q FY23 earnings. Such a valuation more than adequately factors growth prospects and leaves no margin of safety for investors. Hence long-term investors can give the IPO a miss. Business As an integrated electronics manufacturing player, Kaynes has capabilities across a broad spectrum of electronic system design and manufacturing services (ESDM). It has experience in providing conceptual design, process engineering, integrated manufacturing and life cycle support for major players across multiple industries (see infographics). It operates out of eight manufacturing locations in the country. Some of the products amongst many supplied by Kaynes are cluster printed circ...

• • • • Kaynes Technology IPO opens today: All you need to know Kaynes Technology IPO opens today: All you need to know Kaynes Technology India Ltd IPO, Check Issue Date, Price, Details: The Rs 3,413 crore initial public offering (IPO) of IoT solutions-enabled integrated electronics manufacturer Kaynes Technology India is available from November 10-14, 2022. It has a price band of Rs 559-587 per share. Kaynes Technology IPO GMP today: The initial public offering (IPO) of Kaynes Technology India, an IoT solutions-enabled integrated electronics manufacturing company, opened for subscription on Thursday, November 10, 2022. It opened for public subscription at 10 am and was subscribed around 5 per cent by 2:39 pm on the first day of bidding. It received total bids for 5,73,575 shares across both the stock exchanges against 1,04,70,246 shares on offer, data from National Stock Exchange (NSE) showed. The Rs 3,413 crore Kaynes Technology Monday, November 14, 2022, and the price band of the company has been fixed at Rs 559-587 per share. Kaynes Technology IPO comprises a fresh issue of Rs 530 crore and an offer for sale of up to 55,84,664 equity shares. The OFS comprises sale of 20,84,664 equity shares by promoter Ramesh Kunhikannan and 35,00,000 equity shares by existing shareholder Freny Firoze Irani. The net proceeds from the fresh issue will be used for repayment/prepayment of certain borrowings availed by the company, funding capital expenditure towards the expansion of the e...