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Open
10 Nov 2022
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Close
14 Nov 2022
3
Allotment
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Listing
Tue, Nov 22, 2022
Price Band
₹559 to ₹587
Issue Size
1,46,13,624 shares (agg. up to ₹858 Cr)
Lot Size
25 Shares
Listing Date
Tue, Nov 22, 2022
Latest GMP
₹185
Est. Gain
37.48%
✦ AI Insight
GMP Trend
22-11-2022₹185Est. ₹772+37.48%
21-11-2022₹151Est. ₹738+25.72%
20-11-2022₹222Est. ₹809+37.82%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 24.76x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 763.26 | 622.42 | 419.37 | 378.12 |
| Total Income | 199.98 | 710.35 | 424.66 | 370.17 |
| Profit After Tax | 10.05 | 41.68 | 9.73 | 9.36 |
| NET Worth | 212.00 | 201.82 | 136.51 | 95.76 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 186.38 | 169.55 | 139.47 | 143.83 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Syrma SGS Technology Ltd. | Mainboard | ₹840.13 Cr | ₹220 | 50.69 | ₹310.50 | +41.14% | ₹1,423.90 (+1.39%) |
| Tega Industries Ltd. | Mainboard | ₹619.23 Cr | ₹453 | null | ₹726.05 | +60.28% | ₹1,644.50 (+1.20%) |
| Concord Control Systems Ltd. | SME | ₹8.32 Cr | ₹55 | 12.14 | ₹115.40 | +109.82% | ₹2,605.35 (-4.60%) |
| Containe Technologies Ltd. | SME | ₹2.62 Cr | ₹15 | 214 | ₹23.10 | +54.00% | ₹24.39 (+1.25%) |
| Ishan International Ltd. | SME | ₹18.24 Cr | ₹80 | 38.09 | ₹82.80 | +3.50% | ₹0.50 (+0.00%) |
| Quality RO Industries Ltd. | SME | ₹2.70 Cr | ₹51 | 113 | ₹53.70 | +5.29% | ₹45.90 (-10.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment, in full or part, of certain borrowings availed by our Company | 130.00 |
| 2 | Funding capital expenditure towards expansion of our existing manufacturing facility at Mysuru, Karnataka, and near our existing manufacturing facility at Manesar, Haryana | 98.93 |
| 3 | Investment in our wholly owned Subsidiary, Kaynes Electronics Manufacturing Private Limited, for setting up a new facility at Chamarajanagar, Karnataka | 149.30 |
| 4 | Funding working capital requirements of our Company | 114.74 |
| 5 | General corporate purposes | 132.77 |
About Kaynes Technology IPO
Incorporated in 2008, 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. The company is among the first companies in India to offer design-led electronics manufacturing to original equipment manufacturers ("OEMs"). The company's operations are classified under the following business verticals: OEM - Turnkey Solutions - Box Build ("OEM - Box Build"). OEM - Turnkey Solutions - Printed Circuit Board Assemblies ("PCBAs") ("OEM - Turnkey Solutions"). ODM: The company offers ODM services in smart metering technology, smart street lighting, and brushless DC ("BLDC") technology. Product Engineering and IoT Solutions: The company offer conceptual design and product engineering services in industrial and consumer segments. Kaynes Technology operates eight manufacturing facilities across India in the states of Karnataka, Haryana, Himach
Contact Details
Kaynes Technology India Ltd. Address23-25, BelagolaFood Industrial EstateMetagalli P.O.Mysuru, Karnataka, 570016+91 82125 82595kaynestechcs@kaynestechnology.netVisit Website