Kaynes Technology IPO Date, Price, Review
Kaynes Technology IPO: Know everything about Kaynes Technology IPO. Kaynes Technology India Limited IPO Date, Kaynes Technology Ltd IPO Review and analysis. We will discus about Kaynes Technology IPO Benefits & Risks. Also, all information related to Kaynes Technology IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Kaynes Technology IPO
Kaynes Technology is a leading end-to-end and IoT solution-enabled integrated electronics manufacturing company that specializes in aerospace, automotive, industrial, and defense, outer space, medical, nuclear, railways, Internet of Things ("IoT"), information technology Provides products involving conceptual design, process engineering to major players. Kaynes Technology Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 857.82 crore through IPO (Initial public offering).
Kaynes Technology IPO will open on 10 November 2022 and close on 14 November 2022. The price band of the Kaynes Technology IPO is ₹559 to ₹587. Kaynes Technology IPO size is 857.82 Crores. The offer includes 530 Crores under fresh issue and 327.82 Crores under offer for sale. Kaynes Technology IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Kaynes Technology IPO listing date is 22 November 2022. You can know about Kaynes Technology IPO GMP (Grey Market Premium) below.
Kaynes Technology has given good financial performance. The company made a profit of ₹41.68 crores in the financial year 2022 (March 2021). The IPO of Kaynes Technology will be listed on NSE and BSE. Kaynes Technology IPO face value is ₹10 per equity share.
We will talk about Kaynes Technology financials, benefits, and risks of investing in the company.
About Kaynes Technology International Ltd
Kaynes Technology India Limited was incorporated in the year 2008. And presently the company has emerged as a leading end-to-end and IoT solution-enabled integrated electronics manufacturing company. The company is primarily focused on conceptual design, process engineering, integrated manufacturing, and life-cycle support for major players in industrial, automotive, aerospace and defense, nuclear, outer space, medical, railway, Internet of Things ("IoT"), and information technology. provides.
Kaynes Technology India Limited has emerged as one of the first companies in India to offer design-based electronics manufacturing to Original Equipment Manufacturers ("OEMs"). In addition, the company operates under the following business verticals: OEM - Turnkey Solutions - Printed Circuit Board Assembly ("PCBA")). The company provides smart metering technology, and smart street lighting, and the company provides conceptual design and product engineering services in the industrial and consumer sectors.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements for the purchase of new machinery.
- To meet general corporate objectives.
Kaynes Technology IPO Date and Price Band Details
| IPO Open: | 10 November 2022 |
| IPO Close: | 14 November 2022 |
| Listing Date: | 22 November 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹857.82 crores |
| Fresh Issue: | Approx ₹500 crores |
| Offer For Sale: | Approx ₹327.82 crores |
| Price Band: | ₹559 to ₹587 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Kaynes Technology IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 25 Shares |
| Minimum Amount: | ₹14,625 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 325 Shares |
| Maximum Amount: | ₹190,775 |
Kaynes Technology IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 10 November 2022 |
| IPO Closing Date: | 14 November 2022 |
| Basis of Allotment: | 17 November 2022 |
| Refund Date: | 18 November 2022 |
| Credit to Demat Account: | 21 November 2022 |
| Listing Date: | 22 November 2022 |
Kaynes Technology IPO Review
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You can also check the latest IPO subscription status and IPO allotment status of Kaynes Technology IPO on our website.
Kaynes Technology Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company has transformed Internet of Things ("IoT") solutions into an integrated electronics manufacturing player providing a complete capability across the electronics system design and manufacturing spectrum.
- The company has a wide portfolio of products.
- The company has a long-term partnership with its esteemed clientele.
- The company's financial performance in the past has been good.
- The company has a strong distribution network and sourcing network.
Risks
- The company's business is mainly dependent on the sale of its customers' products, if there is a shortage or deterioration in the products of the customers, it may affect Kaynes Technology India Limited.
- The company will need to continuously innovate in this area.
Kaynes Technology Ltd Financials
Kaynes Technology Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| Mar 2020 | ₹378.12 | ₹370.17 | ₹9.36 |
| Mar 2021 | ₹419.37 | ₹424.66 | ₹9.73 |
| Mar 2022 | ₹622.42 | ₹710.35 | ₹41.68 |
| Jun 2022 | ₹763.26 | ₹199.98 | ₹10.05 |
Promoters
- Ramesh Kunhikannan
- Savitha Ramesh
- RK Family Trust
Contact Details of Kaynes Technology
23-25, Belagola,
Food Industrial Estate,
Metagalli P.O., Mysore – 570016,
Karnataka, India
Telephone: +91 82125 82595
E-mail: kaynestechcs@kaynestechnology.net
Website:www.kaynestechnology.co.in
Kaynes Technology Lead Managers
- DAM Capital Advisors Limited
- IIFL Securities Limited
Kaynes Technology IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: kaynes.ipo@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
Kaynes Technology provides conceptual design, process engineering, and integrated manufacturing support for industrial, aerospace and defense, outer space, automotive, nuclear, medical, railway, Internet of Things ("IoT"), and information technology. Looking at the financial position of the company, the track record has been good. In the financial year 2022, the company had a profit of Rs 41.68 crore. The company operates in many different sectors. Our suggestion will be updated when the Kaynes Technology Limited IPO starts. Kaynes Technology Limited IPO financial details and other information are given above.
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