Incorporated in 2008, 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.
The company proposes to utilise the Net Proceeds towards funding the following objects:
| IPO Opening Date | 10 Nov 2022 |
|---|---|
| IPO Closing Date | 14 Nov 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 Equity Share |
| IPO Price | ₹559 to ₹587 per share |
| Market Lot | 25 Shares |
| Min Order Quantity | 25 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹857.82 Cr) |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹530.00 Cr) |
| Offer for Sale | 5,584,664 shares of ₹10 (aggregating up to ₹327.82 Cr) |
| Employee Discount | 15 |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| Basis of Allotment Date | Nov 17, 2022 |
|---|---|
| Initiation of Refunds | Nov 18, 2022 |
| Credit of Shares to Demat Account | Nov 21, 2022 |
| IPO Listing Date | Nov 22, 2022 |
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.
The Kaynes Technology IPO opens on Nov 10, 2022 and closes on Nov 14, 2022.
Kaynes Technology IPO lot size is 25 Shares and the minimum order quantity is 25 shares.
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.
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.
Check the IPO allotment status.
The Kaynes Technology IPO listing date is Nov 22, 2022. The tentative date of Kaynes Technology IPO listing is Nov 22, 2022.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the Kaynes Technology IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.
