Kaynes is an end-to-end and lot solutions-enabled integrated electronics manufacturing company. It provides conceptual design, process engineering, integrated manufacturing and life-cycle support for major players.
The Kaynes Technology IPO issue consists of a fresh equity shares worth ₹530 crore and an OFS of 55,84,664 equity shares.
Objective of Kaynes Technology India IPO The net proceeds from the fresh issue will be utilised towards: • repayment or prepayment of certain borrowings • funding capex for expansion of existing manufacturing facilities • investments in its subsidiary • working capital needs and general corporate purposes
The Kaynes Technology IPO opens on 10th November and closes on 14th November.
The price of the Kaynes Technology IPO is set at Rs. 559 – Rs. 587 per share.
The Kaynes Technology IPO lot size is 36 shares per lot. A retail-individual investor can apply for up to 13 lots (325 shares or ₹190,775).