Kaynes Technology India Limited IPO - Review, Status, Price, Open Date, Allotment, Lot Size

 

Kaynes Technology India Limited IPO

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Kaynes Technology India Limited IPO

Kaynes Technology India Limited is an end-to-end and IoT solutions enabled integrated electronics manufacturing player and with the capabilities across the entire spectrum of electronics system design and manufacturing (“ESDM”) services. They have experience in providing 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.

Company Promoters:
• Ramesh Kunhikannan
• Savitha Ramesh
• RK Family Trust

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

Financial Information of the Company:

 

Amount in Million (Rs.)

As on 31 Mar 2022

As on 31 Mar 2021

As on 31 Mar 2020

Total Assets

6,224.20

4,193.67

3,781.15

Total Liabilities

4,187.03

2,798.04

2,748.68

Net Profit

416.75

97.33

93.55

The offer:

Particulars

Shares Available for allotment

Percentage of Shares Available for allotment

QIB

29,23,888 Equity shares

Not more than 50% of the net offer size

Non-Institutional Portion

22,55,858 Equity shares

Not less than 15% of the net offer size

Retail

52,63,667 Equity shares

Not less than 35% of the net offer size

Eligible Employees

26,833 Equity shares

-

Net offer size

1,04,70,246 Equity shares

N/A

Kaynes Technology India Limited IPO Details

Issue Open

10 Nov 2022

Issue Close

14 Nov 2022

IPO Price

₹559 - ₹587 per equity share

Face Value

₹10 per equity share

IPO Size

₹857.82 Cr.

Listing At

NSE, BSE

IPO Lot Size

25 Shares

Kaynes Technology India Limited IPO Promoter Holdings:

Pre-Issue Share Holding

79.78%

Post-Issue Share Holding

67.39%

Kaynes Technology India Limited IPO Schedule
1. Bid or Offer Opens on: 10th Nov 2022
2. Bid or Offer Closes on: 14th Nov 202
3. Finalization of BoA: 17th Nov 2022
4. Initiation of Refunds: 18th Nov 2022
5. Credit of shares to demat account: 21st Nov 2022
6. Listing Date: 22nd Nov 2022

Kaynes Technology India Limited IPO Lot Size
Market lot size of the Kaynes Technology India Limited IPO is 25 shares. Minimum and Maximum order quantity is as follows:

Application

Lots

Shares

Amount

Retail

Minimum

1

25

₹14,675

Maximum

13

325

₹1,90,775

S-HNI

Minimum

14

350

₹2,05,450

B-HNI

Minimum

69

1,725

₹10,12,575

Company Contact Details:
Kaynes Technology India Limited
23-25, Belagola, Food Industrial Estate,
Metagalli P.O., Mysore – 570016,

Phone: +91 82125 82595
Email: kaynestechcs@kaynestechnology.net
Website: https://www.kaynestechnology.co.in/

Kaynes Technology India Limited IPO Registrar Details:
Link Intime India Private Limited
C 101, 247 Park, L.B.S. Marg
Vikhroli (West), Mumbai – 400083,
Maharashtra, India.

Phone: +91-22-4918 6270
Email: kaynes.ipo@linkintime.co.in
Website: https://linkintime.co.in/


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