4 - 5 minutes readKaynes Technology IPO Date

Kaynes Technology IPO Details: Kaynes Technology India Limited (KTIL), an IoT solutions-enabled integrated electronics manufacturing company, will begin accepting public subscriptions for its initial public offering (IPO) this week on Thursday, November 10, 2022. The auction for anchor investors will begin on November 9 and will end on November 14. The firm has set a price range of ₹559 to ₹587 per share.

The OFS consists of promoter Ramesh Kunhikannan selling 20.84 lakh equity shares and existing shareholder Freny Firoze Irani selling 35 lakh equity shares.

Kaynes Technology IPO

Kaynes Technology IPO Details

IPO Opening DateNov 10, 2022
IPO Closing DateNov 14, 2022
Price Band₹559 to ₹587 per share
Lot Size25 Shares
Issue Size (Rs. Cr.)[.] 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)
Face ValueRs. 10 per share
Employee Discount15
Issue TypeBook Built Issue IPO
Exchange BoardBSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Basis of Allotment DateNov 17, 2022
Initiation of RefundsNov 18, 2022
Credit of Shares to Demat AccountNov 21, 2022
Kaynes Technology IPO Listing DateNov 22, 2022

Kaynes Technology IPO Date

On November 14, the Kaynes Technology IPO will be completed. According to the Red Herring Prospectus, the bidding for anchor investors will begin on November 9. (RHP).

Kaynes Technology IPO Issue Size

Kaynes Technology IPO issue size is ₹857.82 Cr. The IPO consists of a ₹530 crore fresh issue of shares and a ₹328 crore offer for sale by the promoters and existing shareholders. The company also completed a pre-IPO placement worth up to ₹130 crore, which included a private placement of shares worth ₹80 crore to Acacia Banyan Partners and ₹50 crore to Volrado Venture Partners Fund.

Kaynes Technology IPO Price Band

The integrated electronics manufacturing company with IoT solutions has set a price range of $559 to $587 per share for its initial public offering. The deadline for submissions is November 14. Investors can bid for a minimum of 25 shares and in increments of 25 after that.

Kaynes Technology IPO Lot Size

Kaynes Technology’s initial public offering lot size is 25 shares. Individual retail investors can apply for up to 13 lots (325 shares or ₹190,775).

Kaynes Technology Allotment Date and Listing Date

The tentative timing for the share allocation announcement is Nov 17, 2022. Kaynes Technology IPO listing date is Nov 22, 2022.

About Kaynes Technology Limited IPO

Kaynes Technology, founded in 2008, is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. 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 provides conceptual design, process engineering, integrated manufacturing, and life-cycle support.

The company is one of the first in India to provide original equipment manufacturers with design-led electronics manufacturing (“OEMs”). The operations of the company are divided into the following business verticals: OEM – Turnkey Solutions – Box Construction (“OEM – Box Build”). Printed Circuit Board Assemblies (“PCBAs”) – OEM – Turnkey Solutions (“OEM – Turnkey Solutions”).

ODM: The company provides ODM services in the areas of smart metering, smart street lighting, and brushless DC (“BLDC”) technology. Product Engineering and Internet of Things Solutions: The company provides conceptual design and product engineering services in the industrial and consumer segments. Kaynes Technology has eight manufacturing plants in India, including Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, and Uttarakhand.

The company’s research and development team had 19 employees as of June 30, 2022, including engineers, designers, and other workers.

The company served 229 customers in 21 countries and multiple industry verticals such as automotive, aerospace and defence, industrial, railways, medical, and IT / ITES in the nine months ended June 30, 2022.

The company served 229 customers in 21 countries and multiple industry verticals such as automotive, aerospace and defence, industrial, railways, medical, and IT / ITES in the nine months ended June 30, 2022.

As of June 30, 2022, the company works with over 871 vendors and sources materials from various regions such as North America, Europe, and Singapore, as well as locally within India.

Promoters of Kaynes Technology IPO

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

Kaynes Technology IPO FAQs

What is Kaynes Technology IPO?

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.

When Kaynes Technology IPO will open?

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

What is the lot size of Kaynes Technology IPO?

Kaynes Technology IPO lot size is 25 Shares.

How to apply for Kaynes Technology IPO?

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.

When Kaynes Technology IPO allotment?

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.

When is Kaynes Technology IPO listing date?

The Kaynes Technology IPO listing date is Nov 22, 2022.

Who is the registrar of Kaynes Technology IPO?

Link Intime India Private Ltd is the registrar for Kaynes Technology IPO.

What is Kaynes Technology IPO Price Band?

Kaynes Technology IPO price band is ₹559 to ₹587 per equity share.