The year 2021 saw 125 IPOs and as 2022 is coming to an end, the number of upcoming IPOs is still continuing. The latest upcoming IPO belongs to Kaynes Technologies India Limited.
Kaynes Technologies India Ltd IPO was open for subscription from 10th to 14th November 2022. The Rs.858-crore Kaynes Technology India IPO was subscribed more than 34 times on the final day of bidding. The issue’s retail portion was subscribed 4.09 times. As of November 15, the GMP (grey market premium) of the company’s shares was Rs. 138.
The details of this IPO and its review are mentioned hereunder.
The various details of the Kaynes Technologies India Limited IPO are as under.
The size of the IPO and different categories of the issue are,
| Category | Details |
| IPO Opening Date | 10th November 2022 |
| IPO Closing Date | 14th November 2022 |
| Listing | NSE, BSE |
| Issue Type | Book Built Issue IPO |
| Face Value of shares | Rs.10 per share |
| IPO Price Band | Rs. 559 – Rs. 587 per share |
| IPO Size | Rs. 857.82 crores |
| Offer For Sale | Rs. 327.82 crores |
| Fresh Issue | Rs. 530 crores |
The important dates for the Kaynes Technologies India Limited IPO are highlighted below.
| Event | Date |
| Price Band Allotment | 4th November 2022 |
| Anchor Investors Allotment | 9th November 2022 |
| Opening date | 10th November 2022 |
| Closing Date | 14th November 2022 |
| Allotment date | 17th November 2022 |
| Refund Date | 18th November 2022 |
| Share Credit Date | 21st November 2022 |
| Listing Date | 22nd November 2022 |
The subscription for shares of Kaynes Technologies India Limited IPO can be done in lots by different investor categories. The details of the lot sizes for this IPO are mentioned below.
| Category | Details |
| Minimum investment | 1 lot |
| Shares in each lot | 25 shares |
| Minimum amount of investment per lot | Rs. 14,675 |
| Maximum permissible investment in Lots | 13 lots |
| Maximum shares for investment | 325 shares |
| Maximum amount of investment permissible | Rs. 1,90,775 |
The categories of eligible investors and their share in the IPO are
| Category of Investor | Reservation of the IPO applicable |
| QIB (Qualified Institutional Buyers) | 50% |
| NII (Non-Institutional Bidders) | 15% |
| RII (Retail Individual Investors) | 35% |
The objectives of the Kaynes Technologies India Limited IPO are mentioned below.
Kaynes Technologies India Limited is a leading name in the field of end-to-end and IoT solutions-enabled integrated electronics manufacturing company. This company was incorporated in 2008 and targets key industries like aerospace and defence, automotive, medical, outer-space, nuclear, railways, Information Technology, and other segments by providing them with conceptual design, process engineering, integrated manufacturing, and life-cycle support.
The company has eight manufacturing facilities including two service centers and one design center in various states like Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, and Uttarakhand. The company has an international footprint too while sourcing materials for its over 871 vendors from abroad through countries like North America, Europe, and Singapore. The company also has a huge bulk of Indian vendors to meet their requirements.
The core financials of the company are tabled below.
| Year | Total Assets (Rs. In crores) | Operating Revenue (Rs. In crores) | Profit after tax (Rs. In crores) | Basic EPS | Diluted EPS | RONW |
| 2022 | 622 | 706 | 42 | 9.70 | 8.93 | 20.54% |
| 2021 | 419 | 420 | 10 | 2.28 | 2.15 | 6.87% |
| 2020 | 378 | 368 | 9 | 2.32 | 2.32 | 9.90% |
Some of the key strengths of the company are highlighted below.
The different risks that are faced by the company are highlighted below.
As of November 15, 2022, the Kaynes Technologies India Ltd shares were available at a GMP (grey market premium) of Rs. 138.
The company has a stronghold in its area of operations and also has diverse revenue sources from different sectors. The financials of the company show a dip in its profits in FY 20 and FY 21 but a significant recovery in FY022. The increase in the RONW is also significant as well as an increase of approximately 38.4% CAGR in revenues over the past three years. However, the risk of investment in the company is also high. Investors can consider the company for long-term investment options or await its listing to understand its pricing better. If the shares are available at a discount, investment in the company can be a good bet in the long run.
Investors can invest in this IPO through the Fisdom app.
The issue size of Kaynes Technologies India Limited IPO is Rs.857.82 crores.
The price band for Kaynes Technologies India Limited IPO is Rs.559 – Rs.587 per share.
The GMP for Kaynes Technologies India Limited IPO was Rs. 138 as of Nov 15.
The Registrar for Kaynes Technologies India Limited IPO is Link Intime India Private Ltd.
The lot size of Kaynes Technologies India Limited IPO is 25 shares.
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