Kaynes Technology IPO: Check IPO allotment status here

17 Nov 2022 , 10:39 AM

Mysore-based Kaynes Technology’s initial public offer (IPO) worth Rs 857 crore was open for subscription from November 10-14. The IPO consists of a fresh issue of equity shares of Rs 530 crore and an offer for sale of Rs 327 crore by its promoters and existing shareholders. The net proceeds from the fresh issue will be used to repay borrowings, fund capital expenditure and expand manufacturing capacity.

The price range of Kaynes Technology IPO has been fixed at Rs 559-587 per share. The IPO has seen strong demand from investors and was subscribed 34.16 times. The qualified institutional investors’ portion of the IPO was subscribed 98.47 times. However, the non-institutional and retail sections were subscribed 21.21 times and 4.01 times respectively.

Check the allotment status of Kaynes Technology IPO either on the BSE website or the website of the offer’s registrar website, i.e., Link Intime India. Enter the application number and PAN Card ID to check the allotment status. The IPO is likely to list on 22 November on BSE and NSE.

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