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Kaynes Technology India Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹587
Per Share
GMP
NIL
Grey Market
Est. Listing
₹587
Expected Price
Min. Application
₹29,350
2 lots × 25 shares
IPO Issue Details
Issue Price / Price Band₹587 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size25 Shares per Lot
Total Issue Size1,46,13,624 shares (aggregating up to ₹857.82 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenThu, 10 Nov 2022
Subscription CloseMon, 14 Nov 2022
Anchor AllotmentWed, 09 Nov 2022
Basis of AllotmentThu, 17 Nov 2022
Initiation of RefundsFri, 18 Nov 2022
Credit of Shares to DematMon, 21 Nov 2022
Listing DateTue, 22 Nov 2022
UPI Mandate Deadline2022-11-14
Application & Investment Details
Retail — Min (1 Lots)₹14,675 — 25 shares
Retail — Max (13 Lots)₹190,775 (13 Lots)
HNI — Min (14 Lots)₹2,05,450 — 350 shares
P/E Ratio (Pre-IPO)84.95x
Pre-IPO Promoter Holding4,91,13,536 shares
Post-IPO Promoter Holding5,81,42,496 shares
Fresh Issue Shares90,28,960 shares (aggregating up to ₹530.00 Cr)
Offer for Sale Shares55,84,664 shares of ₹10 (aggregating up to ₹327.82 Cr)
About Kaynes Technology India Ltd.

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.

Objects of the Issue

Kaynes Technology India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 Repayment/ prepayment, in full or part, of certain borrowings availed by our Company
130.00
2
2 Funding capital expenditure towards expansion of our existing manufacturing facility at Mysuru, Karnataka, and near our existing manufacturing facility at Manesar, Haryana
98.93
3
3 Investment in our wholly owned Subsidiary, Kaynes Electronics Manufacturing Private Limited, for setting up a new facility at Chamarajanagar, Karnataka
149.30
4
4 Funding working capital requirements of our Company
114.74
5
5 General corporate purposes
132.77
Shareholding & Lock-in
Pre-IPO Promoter Holding 4,91,13,536 shares
Post-IPO Promoter Holding 5,81,42,496 shares
Lock-in Period (30%)December 17, 2022
Lock-in Period (50%)February 15, 2023
Check AllotmentCheck Status →
Kaynes Technology India Ltd. — Live Price LIVE
₹587.00
INR · BSE
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Issue ₹587.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹587
GMPNIL
Est. Listing₹587
Lot Size25 shares
Min Amount₹29,350
Listing Date22 Nov 2022
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹587
Listing Date22 Nov 2022
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 14,613,624 100.00% ₹857.82 Cr
* Based on ₹587.00 (upper price band)
Lot Size & Investment Details
Lot Size
25
Shares
Issue Price
₹587.00
Per Share
Min Investment
₹14,675
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 25 ₹14,675
Retail (Max) 13 325 ₹190,775
sNII (Min) 14 350 ₹205,450
bNII (Min) 69 1,725 ₹1,012,575
Company Financials — Restated Consolidated (Amount in Crore)
Particulars31-Mar-2031-Mar-2131-Mar-22
Revenue from Operations 370.17 424.66 710.35
EBITDA N/A N/A N/A
Profit After Tax (PAT) 9.36 9.73 41.68
Net Worth 95.76 136.51 201.82
Total Assets 378.12 419.37 622.42
Reserves & Surplus N/A N/A N/A
Total Borrowings 143.83 139.47 169.55
Key Ratios & Valuation
Issue Price ₹587
Face Value ₹10 Per Share
P/BV N/A
RoE N/A
RoCE N/A
RoNW N/A
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Kaynes Technology India Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
23-25, Belagola, Food Industrial Estate, Metagalli P.O., Mysuru, Karnataka, 570016
Book Running Lead Managers
Dam Capital Advisors Ltd.
Book Running Lead Manager (BRLM)
IIFL Capital Services Ltd.
Book Running Lead Manager (BRLM)