Kaynes Technology IPO Details: IPO Open 10 Nov to 14 Nov, 2022
About the company
Kaynes Technology India Limited(“Company” or “Issuer”) was incorporated on March 28, 2008 at Mysore, Karnataka as a private limited company under the Companies Act, 1956, with the name ‘Kaynes Technology India Private Limited’ pursuant to a certificate of incorporation granted by the Registrar of the Companies, Karnataka at Bangalore(“RoC”). Subsequently, the name of our Company was changed to ‘Kaynes Technology India Limited’ upon conversion of our Company into a public limited company pursuant to a special resolution passed by our Shareholders on March 24, 2022 and the fresh certificate of incorporation was issued by the RoC consequent upon change of name on conversion to public limited company on March 31, 2022.For details of change in the name of our Company and address of registered office of our Company, see “History and Certain Corporate Matters” on page 205
Kaynes Technology India is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing (ESDM) Services. It has over three decades of experience in providing conceptual design, process engineering, integrated manufacturing, and life-cycle support for major players in the automotive, industrial, aerospace and defense, outer-space, nuclear, medical, railways, internet of things (IoT), Information technology(IT) and other segments. Its manufacturing infrastructure enables it to undertake a high-mix and high value addition of products across industry verticals with the ability to produce such products at variable or flexible volumes.
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.
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Founded: 2008
Company Promoters & Managing Director of the Company
Promoters: Ramesh Kunhikannan, Savitha Ramesh And RK Family Trust
Managing Director: Ramesh Kunhikannan
Kaynes Technology India Limited IPO Details
| Issue Amount | Upto Rs 857.82 Crores |
| IPO Open Date | Nov 10, 2022 to Nov 14, 2022 |
| Face Value | Rs 10 Per Share |
| Price Band | Rs 559 to 587 |
| Lot Size | 25 Shares |
| Employee Discount | Rs 15 |
| Offer for Sale | 55,84,664 Equity Shares |
| Offer Type | Book Built Offer |
| IPO Registrar | Link Intime India Private Limited |
Kaynes Technology India Ltd. IPO Timeline, IPO Open Date, Listing Date, Refund Date
| Event | Tentative Date |
|---|---|
| IPO Open Date | 10 November 2022 |
| IPO Close Date | 14 November 2022 |
| Time | 10 AM to 5 PM |
| Basis of Allotment Date | 17 November 2022 |
| Initiation of Refunds | 18 November 2022 |
| Credit of Shares to Demat Account | 21 November 2022 |
| IPO Listing Date (Trading Commence) NSE & BSE | 22 November 2022 |
Offer Breakup
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | 50% |
| Non Institutional Byers (NIB) | 15% |
| Retail Individual Investor (RII) | 35% |
| Employee | – |
| Total | 100% |
Objects Of The Offer:
The Company proposes to utilise the Net Proceeds towards funding the following objects:
- Repayment/ prepayment, in full or part, of certain borrowings availed by our Company;
- Funding capital expenditure towards expansion of our existing manufacturing facility at Mysore, Karnataka, and near our existing manufacturing facility at Manesar, Haryana;
- Investment in our wholly owned Subsidiary, Kaynes Electronics Manufacturing Private Limited, for setting up a new facility at Chamarajanagar, Karnataka;
- Funding working capital requirements of our Company; and
- General corporate purposes.
Important Financial Data:
For the year/period ended (₹ in Crores) Last Three Year
| Particulars (in ₹ Crores) As per 31 March, | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | 622 | 419 | 378 |
| Total Revenue | 710 | 425 | 370 |
| Net Profit & Loss For The Period After Tax | 42 | 10 | 9 |
Prospectus Document:
Download RHP File
Download DRHP File
Know all about this IPO
Kaynes Technology Ltd. IPO Issue Amount?
Issue Amount : Upto Rs 857.82 Crore.
What is Kaynes Technology IPO?
IPO is a main-board IPO. They are going to raise ₹ 857.82 Crores via IPO. The issue is priced at ₹ 559 to ₹ 587 per equity share. The IPO is to be listed on BSE & NSE.
Kaynes Technology IPO Open?
Thursday, 10 November 2022 to Monday 14 November 2022.
Kaynes Technology India Limited IPO Will Open?
The IPO is to open on 10 November 2022 for QIB, NII, and Retail Investors.
The Kaynes Technology IPO Promoter Holding
Pre Issue Share Holding: 79.78%
Post Issue Share Holding: 67.39%
Company Address & Contact Info.
Registered and Corporate Office:
23-25, Belagola, Food Industrial Estate,
Metagalli P.O., Mysore–570016, Karnataka
India; Tel: + 91 8212582595
Contact Person: Srividhya Narayanan,
Company Secretary and Compliance Officer;
Tel: +91 8212582595
E-mail: kaynestechcs@kaynestechnology.net;
Website: www.kaynestechnology.co.in;
Corporate Identity Number: U29128KA2008PLC045825
Kaynes Technology Limited IPO Registrar
Link Intime India Private Limited
C 101, 247 Park L.B.S Marg Vikhroli
(West) Mumbai 400 083 Maharashtra
India Tel: +91 22 4918 6200
E-mail: kaynes.ipo@linkintime.co.in
Investor Grievance
E-mail: kaynes.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
How to apply on Zerodha, Kaynes Technology Ltd. IPO through Zerodha?
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Kaynes Technology Ltd. IPO by login into Zerodha Console (back office) and Select an I.P.O application form.
Steps to apply in Kaynes Technology Ltd. IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Kaynes Technology Ltd. IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can check status on zerodha console.
Click Here to Open Zerodha Account
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