Kaynes Technology Launches Qualified Institutions Placement at ₹5,625.75 Floor Price

Kaynes Technology India Limited, a leading electronics systems design and manufacturing company based in Mysuru, has moved forward with its plan to raise funds through a Qualified Institutions Placement (QIP). This step was authorised after receiving necessary approvals from its Board of Directors and shareholders earlier this year. The QIP is aimed at accelerating the company’s growth and funding strategic initiatives while ensuring compliance with regulatory norms under SEBI.

Board Clears Launch of QIP and Sets Pricing Framework

The Fund Raising Committee of the company met on 19 June 2025 and passed resolutions to officially open the issue on the same day. As part of this process, the committee approved the floor price for the QIP at ₹5,625.75 per equity share, in accordance with Regulation 176 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

“We wish to inform you that pursuant to the approval accorded by the board of directors of the Company at its meeting held on January 22, 2025 and the special resolution passed by the members of the Company in their extraordinary general meeting held on February 14, 2025, the Fund Raising Committee has, at its meeting held today i.e. June 19, 2025, inter alia, passed resolutions for the following: Authorised the opening of the Issue today, i.e. June 19, 2025,” the company stated.

The company also mentioned that the ‘Relevant Date’ under SEBI regulations is 19 June 2025 and confirmed that it may, at its discretion, offer a discount of not more than 5% on the floor price for the issue.

About Kaynes Technology 

Founded in 2008, Kaynes Technology stands as a prominent integrated electronics manufacturing company, offering comprehensive end-to-end and IoT-enabled solutions. The company specialises in conceptual design, process engineering, integrated manufacturing, and lifecycle support services, catering to a diverse clientele across sectors such as automotive, industrial, aerospace and defence, outer space, nuclear, medical, railways, Internet of Things (IoT), and Information Technology (IT), among others.

Read More: Kaynes Technology to Invest $1.03M in Singapore Subsidiary!

Kaynes Technology Share Price Performance 

As of 20 June 2025, 11:32 AM, Kaynes Technology share price is trading at ₹5,739 per share, a 2.26% increase. Over the month, the stock has surged by 15.13%.

Conclusion

With the launch of this Qualified Institutions Placement, Kaynes Technology has taken a firm step towards expanding its capital base while adhering to investor-friendly pricing strategies. The initiative aligns with its growth plans and signals investor confidence in the company's long-term value.

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