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)
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Kaynes Technology
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No. of shares reserved
|
No. of shares bid for
|
No. of times bid
|
|
Qualified Institutional Buyers (QIBs)
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29,23,888
|
71,66,150
|
2.45
|
|
NIIs
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22,55,858
|
24,72,050
|
1.10
|
|
RIIs
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52,63,667
|
33,96,600
|
0.65
|
|
Employees
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26,833
|
93,025
|
3.45
|
|
Total
|
|
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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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