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Last day to subscribe Kaynes Technology India IPO

  • India Infoline News Service |
  • 14 Nov, 2022 |
  • 10:28 AM

Kaynes Technology India Ltd IPO opened for subscription on Thruday, 10th November and will be closing today, 14th November, 2022. The investors can apply in a minimum lot size of 25 shares at a price band of Rs 559-587 per share.

The IPO got subscribed 1.34 times at 10 AM on Thrusday, 14th November, 2022.

Kaynes Technology India IPO subscrition live status (10.09 AM on 14-11-2022)

Kaynes Technology

No. of shares reserved

No. of shares bid for

No. of times bid

Qualified Institutional Buyers (QIBs)

29,23,888

71,66,150

2.45

NIIs

22,55,858

24,72,050

1.10

RIIs

52,63,667

33,96,600

0.65

Employees

26,833

93,025

3.45

Total

 

 

1.34

(Source: BSE Live Subscription)

The company is using its net proceeds to repay the certain borrowings, to fund capital expenditure, to invest in its wholly owned subsidiary, Kaynes Electronics Manufacturing Private Limited and to fund working capital requirements.

The IPO includes fresh issue of Rs 530 crore and an Offer For Sale (OFS) of up to 55.85 lakh equity shares by a promoter and an existing shareholder. Kaynes Technology India Ltd shares are expected to list on November 22, 2022.


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