Kaynes Technology IPO Subscription Status: Gray Market Premium Today

Kaynes Technology IPO Subscription Status: Gray Market Premium

Kaynes Tech IPO Open: 10 to 14 Nov 2022
Listing Date: Tuesday, 22 November 2022, 10:00 AM (Tentative Date)

Kaynes Technology IPO Subscription Status?

As of Last day 14th November 2022 07:00 PM IST. The IPO has been subscribe 34.93 Times.

What is Kaynes Technology IPO GMP Today?

IPO GMP is ₹130 as of today.

What is Kaynes Technology India IPO GMP today?

IPO GMP today is Rs. 130 INR per share.

What are the Expected Returns from the Kaynes Technology IPO?

Expected Return on This IPO 20-30%

What is Kaynes Technology IPO Kostak Rate Today?

IPO Kostak Rate is ₹300 as of today.

What is Kaynes Technology IPO Subject to Sauda Rate?

Subject to Sauda Rate Rs # /-

Gray Market Premium (GMP) Day by Day

Kaynes Technology India Limited IPO Details

Kaynes Technology India Ltd. IPO Timeline, IPO Open Date, Listing Date, Refund Date

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

Offer Breakup

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Objects Of The Offer:

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 our Company;
2. Funding capital expenditure towards expansion of our existing manufacturing facility at Mysore, Karnataka, and near our existing manufacturing facility at Manesar, Haryana;
3. Investment in our wholly owned Subsidiary, Kaynes Electronics Manufacturing Private Limited, for setting up a new facility at Chamarajanagar, Karnataka;
4. Funding working capital requirements of our Company; and
5. General corporate purposes.

Important Financial Data:

For the year/period ended (₹ in Crores) Last Three Year

Prospectus Document:

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