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Kaynes Technology IPO
Kaynes Technology India Limited has submitted the DRHP with SEBI for an IPO containing fresh equities worth Rs 650 crore and an offer for sale of 72 lakh. The company is an end-to-end and IoT-enabled integrated electronics manufacturing player. Click here to Apply for Kaynes Technology IPO
Opening Date
November 10, 2022
Closing Date
November 14, 2022
Price Band
₹559 - ₹587
per equity share
Issue Size
₹857.82 Cr
Face Value
₹10
per equity share
Market Lot
25 Shares
Opening Date
November 10, 2022
Closing Date
November 14, 2022
Price Band
₹559 - ₹587
per equity share
Issue Size
₹857.82 Cr
Face Value
₹10
per equity share
Market Lot
25 Shares
Listing at NSE, BSE
Kaynes Technology India Ltd. IPO Important Dates
| IPO Open Date | November 10, 2022 |
|---|---|
| IPO Close Date | November 14, 2022 |
| Allotment Date | November 17, 2022 |
| Initiation Of Refunds | November 18, 2022 |
| Credit Of Shares To Demat Account |
November 21, 2022 |
| IPO Listing Date | November 22, 2022 |
| UPI Mandate Expiry Date | November 14, 2022 |
Kaynes Technology IPO Latest News and Subscription Status Today [Live]
At 05:42:00 PM.
This IPO has been subscribed 18.55x by 05:42 PM. on Day 3
It is a public issue of 10,470,246 equity shares.
Status of Subscription
This IPO has been subscribed 18.55x by 02:56 PM. on Day 3
It is a public issue of 10,470,246 equity shares.
Status of Subscription
This IPO has been subscribed 5.72x by 01:12 PM. on Day 3
It is a public issue of 10,470,246 equity shares.
Status of Subscription
This IPO has been subscribed 1.65x by 10:54 AM. on Day 3
It is a public issue of 10,470,246 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 98.47
- (NII) Non-institutional buyers: 21.21
- (RII) Retail Individual buyers: 4.09
- Employees: 11.89
- (QIB) Qualified institutional buyers: 49.77
- (NII) Non-institutional buyers: 15.00
- (RII) Retail Individual buyers: 2.77
- Employees: 8.05
- (QIB) Qualified institutional buyers: 11.57
- (NII) Non-institutional buyers: 7.31
- (RII) Retail Individual buyers: 1.79
- Employees: 6.19
- (QIB) Qualified institutional buyers: 2.45
- (NII) Non-institutional buyers: 2.37
- (RII) Retail Individual buyers: 0.89
- Employees: 4.25
At 05:00:00 PM.
This IPO has been subscribed 1.10x by 05:00 PM. on Day 2
It is a public issue of 10,470,246 equity shares.
Status of Subscription
This IPO has been subscribed 0.78x by 03:52 PM. on Day 2
It is a public issue of 10,470,246 equity shares.
Status of Subscription
This IPO has been subscribed 0.38x by 01:36 PM. on Day 2
It is a public issue of 10,470,246 equity shares.
Status of Subscription
This IPO has been subscribed 0.28x by 10:57 AM. on Day 2
It is a public issue of 10,470,246 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 2.45
- (NII) Non-institutional buyers: 0.77
- (RII) Retail Individual buyers: 0.47
- Employees: 3.22
- (QIB) Qualified institutional buyers: 1.57
- (NII) Non-institutional buyers: 0.47
- (RII) Retail Individual buyers: 0.37
- Employees: 2.87
- (QIB) Qualified institutional buyers: 0.53
- (NII) Non-institutional buyers: 0.34
- (RII) Retail Individual buyers: 0.29
- Employees: 2.72
- (QIB) Qualified institutional buyers: 0.52
- (NII) Non-institutional buyers: 0.17
- (RII) Retail Individual buyers: 0.19
- Employees: 2.34
At 05:00:00 PM.
This IPO has been subscribed 0.23x by 05:00 PM. on Day 1
It is a public issue of 10,470,246 equity shares.
Status of Subscription
This IPO has been subscribed 0.06x by 03:12 PM. on Day 1
It is a public issue of 10,470,246 equity shares.
Status of Subscription
This IPO has been subscribed 0.04x by 01:28 PM. on Day 1
It is a public issue of 10,470,246 equity shares.
Status of Subscription
This IPO has been subscribed 0.02x by 11:48 AM. on Day 1
It is a public issue of 10,470,246 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.52
- (NII) Non-institutional buyers: 0.10
- (RII) Retail Individual buyers: 0.12
- Employees: 2.04
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.05
- (RII) Retail Individual buyers: 0.09
- Employees: 1.47
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.03
- (RII) Retail Individual buyers: 0.07
- Employees: 1.03
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.01
- (RII) Retail Individual buyers: 0.04
- Employees: 0.73
About Kaynes Technology India Ltd.
The company is a leading player in providing end-to-end, IoT-enabled integrated electronics manufacturing having capabilities across the spectrum of electronics system design and manufacturing (“ESDM”) services. They are one of the first Indian companies in India to offer design-led electronics manufacturing to original equipment manufacturers (“OEMs”).
The company has evolved as a design-led manufacturer providing value-add electronics manufacturing services and original design manufacturing (“ODM”) solutions in intelligent devices, IoT solutions, brushless drive technology, and Gallium Nitride technology.
Kaynes Technology India Ltd. IPO Objectives
• The proceeds from the IPO will be used to fund a new facility in Chamarajanagar, Karnataka.
• The company will utilise net proceeds from selling new shares to support the expansion of its existing manufacturing units.
Why should you invest in the Kaynes Technology India Ltd. IPO?
Here are our top reasons:
- The company operates in three business verticals: OEM in Box Build and Printed Circuit Board Assemblies, ODM, and Product Engineering and IoT Solutions.
- They have eight strategically located manufacturing facilities in Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, and Uttarakhand.
- They cater to diverse clients. As of December 2021, they had served 313 clients in twenty countries.
- Besides end-to-end IoT solutions enabled by integrated electronic manufacturing, the company also provides various value-added services, obsolescence management, warehousing support, value engineering and value analysis.
Financial Highlights
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| FY21 | FY20 | FY19 | |
| Revenue From Operation | 4,206.27 | 3,682.38 | 3,642.31 |
| EBITDA | 408.91 | 413.33 | 350.48 |
| EBITDA Margin (%) | 9.72 | 11.22 | 9.62 |
| Profit After Tax | 97.33 | 93.55 | 97.28 |
| EPS | |||
| ROE | 8.08 | 10.51 | 11.46 |
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How to apply for Kaynes Technology Limited IPO?
Retail investors need to apply for the IPO using UPI.
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for Kaynes Technology Ltd. IPO and approve the payment on your UPI ID.
Demat Account
- If you are an existing Angel One user, Pre-Apply Now!
- If you’re a new investor, open an Angel One Demat account for free and begin your investment journey.
Kaynes Technology India Ltd. Noteworthy Highlights:
- They cater to industry verticals such as automotive, telecom, aerospace and defence, space, medical, IoT and industrial.
- The value of each customer order has increased from an average order size of Rs 1.49 million in Fiscal 2020 to Rs 5.53 million in Fiscal 2021, growing at 92.44% CAGR.
- No customer has contributed more than 15% of their operating revenue in the last three Fiscal years.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| They operate eight manufacturing, one design, and two service centres across India, which are scalable, allowing them to expand in a short time. | They don’t have a firm commitment agreement with their customers. The loss of one or more end-users will result in a loss of business and revenue. |
| They have a dedicated research & development team focusing on discovering customer needs, enhancing existing products with the newest technologies, and optimising costs. | If customers stop outsourcing their OEM and IoT requirements to the company, it will impact Kaynes's future cash flow. |
| Through three decades of its business operation, the company had formed long-term relationships with several marquee customers. | A slowdown in manufacturing units, shutdown, or disruption will impact the company's profitability. |
Competitive Peers
The company continues to face challenges from its listed peers.
| Company Name | Total Income (in Rs million) | P/E (on December 2021) | EPS in Rs |
|---|---|---|---|
| Dixon Technologies Limited | 11,053.351 | 76.49 | 36.54 |
| Amber Enterprises India Limited | 30,636.20 | 144.70 | 24.96 |
Kaynes Technology Ltd. IPO FAQs
What is Kaynes Technology India Ltd. IPO?
Kaynes Technology India IPO will consist of Rs 650 crore in fresh shares and 72 lakh equities in offer for sale from existing shareholders.
When will Kaynes Technology India Ltd. IPO allotment be available?
The allotment of Kaynes technology India Ltd. shares will be available on November 17, 2022.
What will be Kaynes Technology India Ltd. IPO lot size?
One lot of Kaynes technology India Ltd. contains 25 equity shares.
When will Kaynes Technology India Ltd. IPO open for subscription?
The IPO subscription window will open on November 10, 2022 and close on November 14, 2022.
What minimum lot size can retail investors subscribe to?
Retail investors can apply for a minimum of one lot.
When will Kaynes Technology India Ltd. list on exchanges?
It usually takes ten working days from the last day of subscription to list the IPO on the bourses. Kaynes technology India Ltd. IPO shares will list on the stock exchanges on November 22, 2022.
How to check the allotment status of Kaynes Technology India Ltd. IPO?
Angel One customers can log in to their accounts to check Kaynes Technology India Ltd. IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
What would be the listing gains on Kaynes Technology India Ltd. IPO?
Listing gain is the difference between the IPO's opening and offer prices.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
I have finished the application process for Kaynes Technology India Ltd. IPO, but the funds are not yet debited. What is the reason?
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
How to approve the UPI mandate request for the Kaynes Technology India Ltd. IPO?
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
Can I submit more than one application for the public issue of Kaynes Technology India Ltd. using one PAN?
You can submit only one application using one PAN card.
What is the minimum order quantity for Kaynes Technology India Ltd. IPO?
The minimum size of the application will be one lot constraining 25 shares.
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