Kaynes Technology IPO Price, GMP, Allotment and Subscription Status Details in Hindi. Kaynes Technology IPO information.

 Kaynes Technology 's IPO will open on 10 November and close on 14 November. The price band of this IPO will be ₹559 to ₹587 per share and the lot size will be 25 shares. This IPO will be worth ₹857.82 crore. Out of this fresh issue will be ₹530 crore and offer for sale will be ₹327.82 crore. Retail investors can apply for a minimum of 1 lot of 25 shares (₹14,675) and a maximum of 13 lots of 325 (₹190,775).

Kaynes Technology Business Detail

Kaynes Technology is a leader in end-to-end and IoT (Internet of Things) solutions electronics manufacturing. Kaynes Technology has a rich experience of 34 years in Conceptual Design, Process Engineering, Integrated Manufacturing. Kaynes Technology provides embedded design, firmware, software, mechanical design, prototyping, product design and engineering services. Design for manufacturability (DFM), design for serviceability (DFS) and design for testing (DFT) are also a part of product design and prototyping services. Kaynes Technology has evolved from an electronics manufacturing service provider to a design-based manufacturer. Kaynes Technologyhas a portfolio of hardware and software accelerators, cloud platform-based services and solutions, including ODM product design, IoT data and analytics platforms, and vertical IoT solutions. Kaynes Technology is providing its services in the areas of Automobile, Railway, Medical, Aerospace & Defense Aerospace IoT and IT. Kaynes Technology currently has a total of 8 manufacturing plants in Karnataka, Haryana, Himachal Pradesh, Tamil Nadu and Uttarakhand. Presently the company has 1500 employees. 

Kaynes Technology allotment, listing and other details

This IPO will open on 10 November and close on 14 November. Talking about other dates, 17th November can be allotment, 18th November refund, 21st November for share demat credit and  22nd November can be the listing date . Share allotment status can be viewed on Link Intime's website. Link Intime India Private Ltd is the Registrar of this IPO. DAM Capital is the advisor and IIFL Securities is the lead manager to the IPO. This IPO will be listed on both BSE and NSE exchanges. In this issue, 50% shares have been offered to QIB, 15% to NII and 35% to retail investors. The promoters of the company are Ramesh Kunhikannan and Freni Firoz Irani. After this IPO, the promoter holding will come down from 79.78% to 67.39%. The face value of this IPO will be ₹10 per share.

Financial Information of  Kaynes Technology IPO

The company's revenue and profit have increased from FY20 to FY22 . Talking about the company's revenue, it was 370 crores in FY-20, 424 crores in FY-21 and 710 crores in FY-22. The profit of the company was 9.36 crores in the financial year FY-20, 9.73 crores in FY-21, 41.68 crores in FY-22. The company has a debt of 170 crores at the end of FY22 .

Kaynes Technologies IPO GMP is 225 INR

Kaynes Technology IPO Subscription Status

This IPO closed by subscribing 34.16 times till 14 November. Out of this, QIB has been subscribed 98.47 times, NII 21.21 times and Retail 4.10 times.

Kaynes Technology IPO Price, GMP, Allotment and Subscription Status Details in Hindi. Kaynes Technology IPO information. Kaynes Technology IPO Price, GMP, Allotment and Subscription Status Details in Hindi. Kaynes Technology IPO information.  Reviewed by Admin on November 24, 2022 Rating: 5

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