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Kaynes Technology India Ltd IPO (Kaynes Technology IPO) Detail

Nov 10, 2022 - Nov 14, 2022

Incorporated in 2008, 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.

Company Financials

Kaynes Technology India Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-20378.12370.179.3695.76143.83
31-Mar-21419.37424.669.73136.51139.47
31-Mar-22622.42710.3541.68201.82169.55
30-Jun-22763.26199.9810.05212186.38
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the Net Proceeds towards funding the following objects:

1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.

2. Funding capital expenditure towards expansion of the existing manufacturing facility at Mysore, Karnataka, and near the existing manufacturing facility at Manesar, Haryana.

3. Investment in the wholly owned Subsidiary, Kaynes Electronics Manufacturing Private Limited, for setting up a new facility at Chamarajanagar, Karnataka.

4. Funding working capital requirements of the Company.

5. General corporate purposes.

Kaynes Technology IPO Details

IPO Date Nov 10, 2022 to Nov 14, 2022
Listing Date Tuesday, November 22, 2022
Face Value ₹10 per share
Price ₹559 to ₹587 per share
Lot Size 25 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹857.82 Cr)
Fresh Issue[.] shares of ₹10
(aggregating up to ₹530.00 Cr)
Offer for Sale5,584,664 shares of ₹10
(aggregating up to ₹327.82 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
Company Promoters

Ramesh Kunhikannan, Savitha Ramesh and RK Family Trust are the company promoters.

Kaynes Technology IPO Tentative Timetable

Kaynes Technology IPO opens on Nov 10, 2022, and closes on Nov 14, 2022. The Kaynes Technology IPO bid date is from Nov 10, 2022 10.00 A.M. to Nov 14, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Nov 10, 2022
Closing Date Nov 14, 2022
Basis of Allotment Nov 17, 2022
Initiation of Refunds Nov 18, 2022
Credit of Shares to Demat Nov 21, 2022
Listing Date Nov 22, 2022

Kaynes Technology IPO Lot Size

The Kaynes Technology IPO lot size is 25 shares. A retail-individual investor can apply for up to 13 lots (325 shares or ₹190,775).

Application Lots Shares Amount
Retail (Min) 1 25 ₹14,675
Retail (Max) 13 325 ₹190,775
S-HNI (Min) 14 350 ₹205,450
B-HNI (Min) 69 1,725 ₹1,012,575

Kaynes Technology IPO Promoter Holding

Pre Issue Share Holding 79.78%
Post Issue Share Holding 67.39%

Kaynes Technology IPO Review

KTIL has created a niche place in the segment and has good orders on hand. Based on its current financials though the issue appears fully priced, considering future prospects, well-informed investors may consider parking funds with medium to long-term perspectives. Read detail review...


Kaynes Technology IPO Subscription Status (Bidding Detail)

The Kaynes Technology IPO is subscribed 34.16 times on Nov 14, 2022 7:00:00 PM. The public issue subscribed 4.10 times in the retail category, 98.47 times in the QIB category, and 21.21 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB98.47
NII21.21
    bNII (bids above ₹10L)23.07
    sNII (bids below ₹10L)17.47
Retail4.10
Employee11.92
Total34.16

Kaynes Technology IPO Prospectus

Kaynes Technology IPO Rating

968
4.2
Rating:Rated 4.2 stars
Vote Here ...

Kaynes Technology IPO Listing Date

Listing Date Tuesday, November 22, 2022
BSE Script Code 543664
NSE Symbol KAYNES
Listing In B Group of Securities
ISIN INE918Z01012
IPO Price ₹587 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹587.00
₹775.00
₹675.00
₹787.00
₹690.10
NSE
₹587.00
₹778.00
₹675.10
₹786.00
₹689.95

Company Contact Information

Kaynes Technology India Ltd
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 IPO Registrar

Link Intime India Private Ltd

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

Kaynes Technology IPO FAQs

Kaynes Technology IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹857.82 Crores. The issue is priced at ₹559 to ₹587 per 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.

Zerodha customers can apply online in Kaynes Technology IPO using UPI as a payment gateway. Zerodha customers can apply in Kaynes Technology IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Kaynes Technology IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Kaynes Technology IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

Kaynes Technology IPO lot size is 25 Shares and the minimum order quantity is .

You can apply in Kaynes Technology IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Kaynes Technology IPO will be done on Nov 17, 2022, and the allotted shares will be credited to your demat account by Nov 21, 2022. Check the Kaynes Technology IPO allotment status.

The Kaynes Technology IPO listing date is on Tuesday, November 22, 2022.
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