The end-to-end and IoT solutions enabled integrated electronics manufacturing player company Kaynes Technology IPO will be hit the market 10 November 2022 and closes on 14 November 2022. According to RHP, the company wants to raise ₹857.82 crore through IPO. The company will issue fresh shares of ₹530 crores through this IPO and will issue shares through offer for sale of ₹327.82 crores.
The company has reserved 50% for QIB, 35% for NII and 35% for Retail Investor in this IPO.
Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company provides conceptual design, process engineering, integrated manufacturing and life-cycle support for major players in the automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways, Internet of Things (“IoT”), Information Technology (“IT”) and other segments. You can check also Kaynes Technology IPO GMP here.
| Read also: Upcoming IPO List 2022 |
The company operations under the following business verticals:
OEM – Turnkey Solutions – Box Build (“OEM – Box Build”): We undertake “Build To Print” or “Build to Specifications” of complex box builds, sub-systems and products across various industry verticals.
OEM – Turnkey Solutions – Printed Circuit Board Assemblies (“PCBAs”) (“OEM – Turnkey Solutions”): We undertake turnkey electronics manufacturing services of PCBAs, cable harness, magnetics and plastics ranging from prototyping to product realization including mass manufacturing.
ODM – The company offer ODM services in smart metering technology, smart street lighting, brush less DC (“BLDC”) technology, inverter technology, gallium nitride based charging technology and providing IoT solutions for making smart consumer appliances or devices IoT connected. You can check also Kaynes Technology IPO Subscription status here.
The company operate eight strategically located manufacturing facilities across India in the states of Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, and Uttarakhand. The company has a dedicated research and development facility located within our facility at Mysuru, Karnataka – Unit – I. You can check also Kaynes Technology IPO Allotment status here.
The company research and development efforts are focused on development of new products and improvement of the quality of our existing products; and driving the design and engineering capabilities and original design manufacturing capabilities. As of June 30, 2022, the coompany research and development team comprised 19 employees, including engineers, designers and other workers.
Object Of the Issue :
- Repayment/ prepayment, in full or part, of certain borrowings availed by our Company.
- Funding capital expenditure towards expansion of our existing manufacturing facility at Mysuru, Karnataka, and near our existing manufacturing facility at Manesar, Haryana.
- Investment in our wholly owned Subsidiary, Kaynes Electronics Manufacturing Private Limited, for setting up a new facility at Chamarajanagar, Karnataka.
- Funding working capital requirements of our Company.
- General corporate purposes.
Company Strengths :
- Internet of Things (“IoT”) solutions enabled integrated electronics manufacturing player with end-to-end capabilities across the Electronics System Design and Manufacturing spectrum.
- Diversified business model with portfolio having applications across industry verticals.
- Global certifications for each industry vertical catered to and multiple facilities across India with advanced infrastructure.
- Strong supply chain and sourcing network.
- Track record of consistent financial performance.
- Experienced Promoters and senior management with extensive knowledge of the sector.
Kaynes Technology IPO Review :
| Details | Valuation |
|---|---|
| PAT 2022 : | ₹41.49 Cr (March 2022) |
| Issue Price : | ₹587/ EQ (Cut Off) |
| EPS 2022 : | ₹9.70 (March 2022) |
| PE Ratio : | 60.52 (PE Approx) |
| RoNW : | 20.54% (March 2022) |
| NAV Value : | ₹43.12 (March 2022) |
| Total Assets : | ₹763.26 Cr (June 2022) |
| Market Cap : | ₹2882.96 Cr Approx |
| Promoter Holding : | 79.78% Pre Issue 67.39% Post Issue |
| Team Review : | ● The company end-to-end and IoT solutions-enabled integrated electronics manufacturing player. ● The company PE ratio is Not Attractive. ● The company financial performance very strong. ● The company has established a niche player position and currently has an order book of ₹2266 crores. ● The company promoter stake will decrease but will hold 67.39% stake after issue which is good. ● The price of this IPO is looking expensive, you can consider investing after listing. ✔ Apply Only For Long Term |
Kaynes Technology IPO Date & Price Band & Details :
| Issue Type : | Book Building Issue |
| IPO Open : | 10 November 2022 |
| IPO Close : | 10 November 2022 |
| IPO Size : | ₹857.82. Cr {14,613,625 Shares} |
| Face Value : | ₹10. Equity Share |
| Price Band : | ₹559–₹587 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹857.82. Cr {14,613,625 Shares} |
| Fresh Issue : | ₹530.00. Cr {9028961 Shares} |
| Offer For Sale : | ₹327.82. Cr {55,84,664 Shares} |
| EMP Discount : | ₹15 |
Kaynes Technology IPO Market Lot :
Kaynes Technology IPO Minimum Market lot is 1 Lot with 24 shares with ₹14,675 Application amount. The retail investors can apply up to 13 lots with 325 Shares or ₹190,775 amounts.
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail Minimum : | 1 | 24 | ₹14,675 |
| Retail Maximum : | 13 | 325 | ₹190,775 |
| S-HNI Minimum : | 14 | 350 | ₹205,450 |
| B- HNI Minimum : | 69 | 1725 | ₹1,012,575 |
Kaynes Technology IPO Shares Offer :
A Total of 14,613,625 shares are to be bid for the public issue by Kaynes Technology IPO with 90,28,961 for Fresh issue and 55,84,664 for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | 90,28,961 | ₹530.00 Cr |
| Offer For Sale : | 55,84,664 | ₹327.81 Cr |
| Total : | 14,613,625 | ₹857.82 Cr |
Kaynes Technology IPO Reservation :
Kaynes Technology IPO Total Reservation of 14,613,625 shares are to be bid for the public issue by Kaynes Technology IPO with 74,02,936 for QIB and 21,88,211 for NII 51,05,825 For RII & 25,553 Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 74,02,936 | ₹428.16 Cr |
| NII : | 15% | 21,88,211 | ₹128.45 Cr |
| RII : | 35% | 51,05,825 | ₹299.71 Cr |
| EMP : | – % | 25,553 | ₹1.50 Cr |
| Total : | 100% | 14,613,625 | ₹857.82 Cr |
Kaynes Technology IPO EPS & RoNW :
The Kaynes Technology company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS Growth in (Rs.) | Return On Net Worth % |
| 2022 | ₹9.70 | 20.54 % |
| 2021 | ₹2.28 | 6.87 % |
| 2020 | ₹2.32 | 9.90 % |
Kaynes Technology IPO Peer Comparison PE :
The Kaynes Technology, According to DRHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Syrma SGS Technology Limited | 63.56 |
| 2. | Dixon Technologies Limited | 137.49 |
| 3. | Amber Enterprises India Limited | 61.72 |
Kaynes Technology IPO Dates :
Kaynes Technology IPO Date is 10 November 2022 and closes on 14 November 2022. The allotment will be finalized on 17 November 2022 and the IPO may list on 22 November 2022.
| Open Date : | 10 November 2022 |
| Close Date : | 14 November 2022 |
| Allotment Date : | 17 November 2022 |
| Refund Date : | 18 November 2022 |
| Share Credit Date : | 21 November 2022 |
| Listing Date : | 22 November 2022 |
Kaynes Technology IPO Form :
There are two ways to apply in Kaynes Technology IPO. You can apply for Kaynes Technology IPO through ASBA available in your bank account. You have to go to your online bank login and select Kaynes Technology IPO in the Invest section and apply through your bank account. Another option is you can apply for Kaynes Technology IPO through IPO form download through NSE and BSE. See the Kaynes Technology IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Kaynes Technology Company Financial Report (millions) :
| Year | Revenue | Expense | PAT |
| June 2022 | ₹1,999.77 | ₹1,865.38 | ₹99.84 |
| 2022 | ₹7,103.54 | ₹6,513.27 | ₹414.92 |
| 2021 | ₹4,246.63 | ₹4,137.91 | ₹92.01 |
| 2020 | ₹3,701.66 | ₹3,588.86 | ₹99.55 |
Company Promoters :
■ Ramesh Kunhikannan
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Kaynes Technology IPO Lead Managers :
■ DAM Capital Advisors Limited
■ IIFL Securities Limited
Kaynes Technology IPO Registrar :
Link Intime India Private Limited
C-101, 247 Park, 1st Floor
L.B.S. Marg, Vikhroli West Mumbai
400 083, Maharashtra, India
Tel: +91 810 811 4949
E-mail: [email protected]
Investor Grievance e-mail: [email protected]
Website: www.linkintime.co.in
Note: Check Kaynes Technology IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Kaynes Technology India Limited
23-25, Belagola, Food Industrial Estate,
Metagalli P.O., Mysuru – 570016,
Karnataka, India
E-mail: [email protected]
Website: www.kaynestechnology.co.in
Kaynes Technology IPO FAQs :
What is Kaynes Technology IPO?
Kaynes Technology IPO is Mainboard IPO. They are going to raise ₹857.82 Crores via IPO. The issue is priced at ₹559-₹587 per equity share. The IPO is to be listed on NSE, BSE.
When Kaynes Technology IPO will open?
The IPO is to open on 10 Nov – 14 Nov for QIB, NII & RII.
What is Kaynes Technology IPO Size?
Kaynes Technology IPO size is ₹857.82 Crores.
What is the Fresh issue size of Kaynes Technology IPO?
The Fresh issue size of Kaynes Technology IPO ₹530.00 Cr.
What is the Offer For Sale size of Kaynes Technology IPO?
The Offer For Sale size of Kaynes Technology IPO ₹327.82 Cr.
What is Kaynes Technology IPO Price Band?
Kaynes Technology IPO Price Band is ₹559-₹587 Per share.
What is Kaynes Technology IPO Minimum and Maximum Lot Size?
The minimum 25 Shares with ₹14,675 amount while the maximum 325 shares with ₹190,775.
What is Kaynes Technology IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is Kaynes Technology IPO Allotment Date?
Kaynes Technology IPO allotment date is 17 November 2022.
What is Kaynes Technology IPO Listing Date?
Kaynes Technology IPO listing date is 22 November 2022. The IPO to list on NSE, BSE.
How to Apply the Kaynes Technology IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Kaynes Technology IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Kaynes Technology IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Kaynes Technology IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Kaynes Technology IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Kaynes Technology IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Kaynes Technology IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Kaynes Technology IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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All Kaynes Technology IPO-related links are available here. If you want to know the details then click on Click Here Link.
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