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by Financegossips
Kaynes Technology India Ltd IPO listed on 22nd November, 2022. The company got listed on both national exchanges i.e. BSE and NSE.
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The price band of the IPO was ₹559 to ₹587. Kaynes Technology IPO got great response from the investors as it got subscribed by 34.16 times over. Hence, IPO's issue price was the cap price i.e. Rs. 587
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Kaynes Technology India Ltd got listed on NSE at more than 32% % premium of the issue price. The listing price on NSE is ₹778
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On BSE, the company got listed at a premium of 32.03%. The listing price of Electronics Mart IPO on BSE is ₹775
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The company is among the first companies in India to offer design-led electronics manufacturing to original equipment manufacturers.
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Kaynes Technology is a leading end-to-end and IoT (Internet of Things) solutions-enabled integrated electronics manufacturing company.
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The company will use the raised capital for expansion, repayment of the debt, and general corporate purposes.
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Before the IPO, promoters' shareholding was 79.78%, but post-issue, it is going to be 67.39%
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