Kaynes Technology India Ltd IPO

Mainboard

Industrial Electronics

Listed On: Nov 22, 2022 at ₹ 778.0(NSE)

₹ 14675 /25 Shares

Check Allotment

Price Summary

Last Closing

5,480.00 (833.56%)

52 Week High

5,742.00

52 Week Low

1,986.10

Last Update

20-Sep-2024 3:30 PM

Kaynes Technology India Ltd IPO Details

10 Nov, 2022

Open Date

14 Nov, 2022

Close Date

17 Nov, 2022

Allotment Date

22 Nov, 2022

Listing Date

Issue Price

₹559-587 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

778.0(NSE)

Listing Date

2022-11-22

Market Lot

25 Shares (₹14,675/-)
sHNI : 350 Shares (₹2,05,450/-)
bHNI : 1,725 Shares (₹10,12,575/-)

Lead Manager

DAM Capital Advisors Ltd,IIFL Securities Ltd

Issue Size

₹856.32 Cr Approx

Retail Portion

35% (Number of Retail Applications : 2,04,230 Approx),
(Number of sHNI Applications : 2,080 Approx),
(Number of bHNI Applications : 4,160 Approx)

Subscription

34.15 times

IPO Docs

DRHP RHP

Kaynes Technology India Ltd IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Employee	Total
Shares Offered / Reserved	2,923,888	2,255,858 1,503,905 751,953	5,263,667	26,833	10,470,246
Day 1 - 10-11-22 05:00 PM	0.52 x	0.10 0.08 x 0.13 x	0.12 x	2.04 x	0.23 x
Day 2 - 11-11-22 05:00 PM	2.45 x	0.77 0.72 x 0.87 x	0.47 x	3.22 x	1.10 x
Day 3 - 14-11-22 05:00 PM	98.47 x	21.21 23.07 x 17.47 x	4.09 x	11.92 x	34.15 x

Kaynes Technology India Ltd Valuations

Earnings Per Share (EPS)

₹9.70/-

P/E Ratio

N/A

RoNW

20.54%

Net Asset Value (NAV) - As on 31.03.22

₹43.12

Kaynes Technology India Ltd Company Financials All values are in ₹ Cr.

	31-Mar-22	31-Mar-21	31-Mar-20	31-Mar-19
Assets	622.42	419.37	378.12	N/A
Revenue	710.35	424.66	370.17	N/A
Profit After Tax	41.68	9.73	9.36	N/A

About The Company

Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. 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.
The company is among the first companies in India to offer design-led electronics manufacturing to original equipment manufacturers (OEMs).
The company's operations are classified under the following business verticals:
OEM - Turnkey Solutions - Box Build (OEM - Box Build).
OEM - Turnkey Solutions - Printed Circuit Board Assemblies (PCBAs) (OEM - Turnkey Solutions).
ODM: The company offers ODM services in smart metering technology, smart street lighting, and brushless DC (BLDC) technology.
Product Engineering and IoT Solutions: The company offer conceptual design and product engineering services in industrial and consumer segments.
Kaynes Technology operates eight manufacturing facilities across India in the states of Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, and Uttarakhand.
As of June 30, 2022, the company's research and development team comprised 19 employees, including engineers, designers and other workers.In nine months ended June 30, 2022, The company served 229 customers in 21 countries globally and multiple industry verticals such as automotive, aerospace and defence, industrial, railways, medical and IT / ITES.
The company works with over 871 vendors and sources materials from various regions including North America, Europe, and Singapore as well as locally within India, As of June 30, 2022.

Kaynes Technology India Ltd - Promoter(s)

Pre Issue Share Holding: 79.78%

Post Issue Share Holding: 67.39%

Company Promoter(s)

Ramesh Kunhikannan
Savitha Ramesh
RK Family Trust

Kaynes Technology India Ltd IPO - Issue Objectives

Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.
Funding capital expenditure towards expansion of the existing manufacturing facility at Mysore, Karnataka, and near the existing manufacturing facility at Manesar, Haryana.
Investment in the wholly owned Subsidiary, Kaynes Electronics Manufacturing Private Limited, for setting up a new facility at Chamarajanagar, Karnataka.
Funding working capital requirements of the Company.
General corporate purposes.

Kaynes Technology India Ltd IPO - Anchor Investors

Kaynes Technology India raises Rs 257 crore via anchor book ahead of IPO.
Participants such as Volrado Venture, Nomura Trust, Public Sector Pension Investment Board, Goldman Sachs Funds, ICICI Prudential, Nippon Life India, Axis Mutual Fund, Eastspring Investments India, HDFC Trustee, Aditya Birla Sun Life, Malabar India Fund, Whiteoak Capital, Mirae Asset, Abakkus Emerging Opportunities Fund, Franklin India, and Tata Mutual Fund bought shares via anchor book.

Kaynes Technology India Ltd IPO - FAQs

Ans. Kaynes Technology India Ltd IPO is a Mainboard IPO. The issue is priced at ₹559-587 per equity share. The minimum order quantity is 25 Shares. The IPO opens on Nov 10, 2022, and closes on Nov 14, 2022. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Kaynes Technology India Ltd IPO opens on Nov 10, 2022 and closes on Nov 14, 2022.

Ans. The size of Kaynes Technology India Ltd IPO is ₹856.32 Cr Approx.

Ans. The IPO price band is set between ₹559-587 per equity share.

Ans. To apply for Kaynes Technology India Ltd IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Kaynes Technology India Ltd IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Kaynes Technology India Ltd IPO is Nov 17, 2022.

Ans. The Kaynes Technology India Ltd IPO will be listed on Nov 22, 2022.

Ans. Follow the steps to check the allotment status for Kaynes Technology India Ltd IPO here.