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Kaynes technology IPo: listing, share price, and much more

by Financegossips

ipo listing date

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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Issue price

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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Listing price on Nse

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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listing price on Bse

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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Company fact

The company is among the first companies in India to offer design-led electronics manufacturing to original equipment manufacturers.

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What does the Company do?

Kaynes Technology is a leading end-to-end and IoT (Internet of Things) solutions-enabled integrated electronics manufacturing company.

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objectives of IPO

The company will use the raised capital for expansion, repayment of the debt, and general corporate purposes.

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Promoters' Holding

Before the IPO, promoters' shareholding was 79.78%, but post-issue, it is going to be 67.39%

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