Kaynes Technology IPO subscription opens today: Check price band, allotment date and listing date on NSE, BSE

Kaynes Technology IPO Date, Price Band, Allotment Date, Listing Date: Kaynes Technology’s initial public offering (IPO) will open on Thursday for subscription. The subscription window for the IPO of the IoT solutions-enabled integrated electronics manufacturing company will end on November 14. 

The firm is a leading end-to-end and IoT (Internet of Things) solutions-enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing services.

Kaynes Technology IPO Price Band

The company has fixed a price band of Rs 559 to Rs 587 per share. The company has fresh issue size to Rs 530 crore and an Offer For Sale (OFS) of up to 55.85 lakh equity shares by a promoter and an existing shareholder.

The OFS comprises the sale of 20.84 lakh equity shares by promoter Ramesh Kunhikannan and 35 lakh equity shares by existing shareholder Freny Firoze Irani.

The company has allotted 43.76 lakh equity shares to anchor investors at Rs 587 apiece, aggregating to Rs 257 crore, according to a circular uploaded on the BSE website.

Nomura, Goldman Sachs, ICICI Prudential Mutual Fund (MF), Axis MF, Aditya Birla Sun Life MF, Tata MF, HDFC MF and WhiteOak Capital are among the anchor investors, it added.

Kaynes Technology IPO Allotment Date

Mysore-based Kaynes Technology IPO allotment date is November 17. Also read- Five Star Business Finance IPO review by Anil Singhvi: Subscribe or avoid? Check recommendation here

Kaynes Technology IPO Listing Date NSE, BSE

Kaynes Technology IPO listing date is November 22, the company will be listed both in BSE and NSE.

DAM Capital Advisors and IIFL Securities are the book-running lead managers to the issue.

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