IPO

Kaynes Technology India Ltd IPO

Mainboard

Industrial Electronics

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

₹ 14675 /25 Shares

Check Allotment

10 Nov, 2022

Open Date

14 Nov, 2022

Close Date

17 Nov, 2022

Allotment Date

22 Nov, 2022

Listing Date
Price Summary

Last Closing

4,182.00 (612.44%)

52 Week High

7,822.00

52 Week Low

3,712.50

Last Update

19-Dec-2025 3:30 PM
Kaynes Technology India Ltd IPO Issue Details
  • Issue Price ₹559-587 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price ₹856.32 Cr Approx
  • Listing at BSE, NSE
  • List Price 778.0(NSE)
  • Listing Date 2022-11-22
  • Lead Manager DAM Capital Advisors Ltd,IIFL Securities Ltd
  • Registrar Link Intime India Private Ltd
Kaynes Technology India Ltd IPO Details
  • 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)
Kaynes Technology India Ltd IPO Documents
DRHP
RHP
Kaynes Technology India Ltd IPO Details


The IPO of Kaynes Technology India Ltd is priced at ₹559-587 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Nov 10, 2022 and ends on Nov 14, 2022. The allotment for Kaynes Technology India Ltd IPO will be finalized on Nov 17, 2022. Kaynes Technology India Ltd IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 22, 2022. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are DAM Capital Advisors Ltd,IIFL Securities Ltd.


The Kaynes Technology India Ltd IPO sets its price band at 559-587 for each share. A single application for Kaynes Technology India Ltd IPO must contain at least 25 shares.

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Kaynes Technology India Ltd IPO Subscription Analysis And Details
Retail
4.09x
QIB
98.47x
NII
21.21x
bNII
23.07x
sNII
17.47x
Total
34.15x
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
In Crs.
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 Kaynes Technology India Ltd 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.

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Kaynes Technology India Ltd - Promoter(s)

Ramesh Kunhikannan

Savitha Ramesh

RK Family Trust

Pre Issue Share Holding : 79.78%

Post Issue Share Holding : 67.39%

Kaynes Technology India Ltd IPO - Issue Objectives
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 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.