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IPO Status: Listed [10th Nov 2022 to 14th Nov 2022]
Kaynes Technology has received a green signal from Securities and Exchange Board of India (SEBI) for an Initial Public Offering which includes fresh issue and OFS of equity shares worth Rs 857.82 Cr. The shares of the aforesaid company shall be listed on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The issue price band is Rs 559-587. One can apply in the IPO in a lot size of 25 shares and its multiples.
So, Stay updated with us to know more about the Kaynes Technology IPO including the issue size, minimum order amount, and much more to be declared in forthcoming future.
| IPO Issue Opening Date: | 10th Nov 2022 |
| IPO Issue Closing Date: | 14th Nov 2022 |
| IPO Issue Price: | ₹559-587 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹857.82Cr |
| Offer for Sale: | ₹327.82Cr |
| Fresh Issue: | ₹530.00Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 79.78% |
| Promoter Holding Post IPO: | 67.39% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543664 |
| NSE Code: | KAYNES |
Get important updates regarding Kaynes Technology India IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 17th Nov 2022 |
| Refunds Initiation* | 18th Nov 2022 |
| Credit of Shares to Demat* | 21st Nov 2022 |
| IPO Listing Date* | 22nd Nov 2022 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹559-587 |
| Market Lot: | 25 Shares |
| 1 Lot Amount: | ₹14675 |
| Min Small HNI Lots(2-10 Lakh): | 350 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 1725 shares (69 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 22-11-2022 | 587 | 185 | -- | ₹772 (37.48%) | 22-Nov-2022 7:24 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Kayens International is a dominant player in the domain of Electronics systems and Design Manufacturing. The company is constantly providing conceptual design, process engineering, integrated manufacturing, and further life-cycle support for major organizations operating in the aerospace and defense, outer space, nuclear, railways, medical, Internet of Things, industrial, Information Technology (IT)automotive, and other promising segments.
In addition to the Mumbai office, the company has centers in Delhi, and Bangalore in addition to Cochin for Support Services. The company’s business is further classified based on the stage of services:
| Incorporation | Sector | IPO Issue Size | Website |
| 2008 | IT Sevices & Consulting | ₹857.82Cr | https://www.kaynestechnology.co.in/ |
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.
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 2,923,888 (27.93%) | 2,255,858 (21.55%) | 5,263,667 (50.27%) | 26,833 | 10,470,246 | |
| 1 | 10th Nov 2022 17:02 | 0.52x | 0.10x | 0.12x | 2.04x | 0.23x |
| 2 | 11th Nov 2022 17:02 | 2.45x | 0.77x | 0.47x | 3.22x | 1.10x |
| 3 | 14th Nov 2022 19:02 | 98.47x | 21.21x | 4.10x | 11.92x | 34.16x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 378.12 | 370.17 | 9.36 | 95.76 | 143.83 |
| 31-Mar-21 | 419.37 | 424.66 | 9.73 | 136.51 | 139.47 |
| 31-Mar-22 | 622.42 | 710.35 | 41.68 | 201.82 | 169.55 |
| 30-Jun-22 | 763.26 | 199.98 | 10.05 | 212 | 186.38 |
| Amount in ₹ Crore | |||||
Last Updated on 15-Dec-2022 14:32:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Kaynes Technology India IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Kaynes Technology India IPO with Zerodha.
Alternate approch to apply in Kaynes Technology India IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Kaynes Technology India IPO Review and Important Updates
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To subscribe or apply in Kaynes Technology India IPO, you can use the following methods:
| Kaynes Technology India IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Kaynes Technology India IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Kaynes Technology India IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Kaynes Technology India IPO. Most of the Syndicate Banks provide access to apply in Kaynes Technology India IPO via ASBA process. You must have your net banking access, DP ID information to apply in Kaynes Technology India IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Kaynes Technology India IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Kaynes Technology India IPO Review and Important Updates
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Applying in Kaynes Technology India IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Kaynes Technology India IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Kaynes Technology India IPO, please refer article >> Link
Kaynes Technology India IPO Review and Important Updates
Steps to download the online application form for Kaynes Technology India IPO
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Kaynes Technology India IPO is going to be list on 22-11-2022. NSE Code for Kaynes Technology India is KAYNES. BSE Code for Kaynes Technology India is 543664.
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Kaynes Technology India IPO Allotment Date is 17-11-2022.
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