IPO Issue Details
Issue Price / Price Band₹587 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size25 Shares per Lot
Total Issue Size1,46,13,624 shares (aggregating up to ₹857.82 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenThu, 10 Nov 2022
Subscription CloseMon, 14 Nov 2022
Anchor AllotmentWed, 09 Nov 2022
Basis of AllotmentThu, 17 Nov 2022
Initiation of RefundsFri, 18 Nov 2022
Credit of Shares to DematMon, 21 Nov 2022
Listing DateTue, 22 Nov 2022
UPI Mandate Deadline2022-11-14
Application & Investment Details
Retail — Min (1 Lots)₹14,675 — 25 shares
Retail — Max (13 Lots)₹190,775 (13 Lots)
HNI — Min (14 Lots)₹2,05,450 — 350 shares
P/E Ratio (Pre-IPO)84.95x
Pre-IPO Promoter Holding4,91,13,536 shares
Post-IPO Promoter Holding5,81,42,496 shares
Fresh Issue Shares90,28,960 shares (aggregating up to ₹530.00 Cr)
Offer for Sale Shares55,84,664 shares of ₹10 (aggregating up to ₹327.82 Cr)
About Kaynes Technology India Ltd.
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, Himachal Pradesh, Tamil Nadu, and Uttarakhand.As of June 30, 2022, the company's research and development team comprised 19 employees, including engineers, designers and other workers.In nine months ended June 30, 2022, The company served 229 customers in 21 countries globally and multiple industry verticals such as automotive, aerospace and defence, industrial, railways, medical and IT / ITES.The company works with over 871 vendors and sources materials from various regions including North America, Europe, and Singapore as well as locally within India, As of June 30, 2022.
Objects of the Issue
Kaynes Technology India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment/ prepayment, in full or part, of certain borrowings availed by our Company
130.00
2
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
3 Investment in our wholly owned Subsidiary, Kaynes Electronics Manufacturing Private Limited, for setting up a new facility at Chamarajanagar, Karnataka
149.30
4
4 Funding working capital requirements of our Company
114.74
5
5 General corporate purposes
132.77
Shareholding & Lock-in
Pre-IPO Promoter Holding
4,91,13,536 shares
Post-IPO Promoter Holding
5,81,42,496 shares
Lock-in Period (30%)December 17, 2022
Lock-in Period (50%)February 15, 2023