Kaynes Technology IPO listing price: Strong stock market debut as shares list at 30% premium; check stop loss
Kaynes Technology IPO Listing Date, Time, Kaynes Technology Share Price NSE, BSE: In line with the expectations of analysts, Kaynes Technology India Limited (KTIL) made a strong stock markets debut on Tuesday. The stocks were listed at a premium of over 30 per cent. It traded at Rs 765 at NSE and Rs 764 at BSE at 10 am. According to Zee Business Managing Editor Anil Singhvi, short-term investors can keep a stop loss of Rs 750.
Earlier, Kaynes Technology got a decent response from the investors as it received 34.16 times the subscription on the last day of the offer. According to NSE data, the IPO got bids for 35.76 crore shares against 1.04 crore shares on offer. Kaynes Technology IPO was launched on November 10 and ended on November 14. The allotment of the equity shares in the IPO took place on November 18.
Kaynes Technology IPO Listing Date, Time, Kaynes Technology Share Price NSE, BSE: In line with the expectations of analysts, Kaynes Technology India Limited (KTIL) made a strong stock markets debut on Tuesday. The stocks were listed at a premium of over 30 per cent. It traded at Rs 765 at NSE and Rs 764 at BSE at 10 am. According to Zee Business Managing Editor Anil Singhvi, short-term investors can keep a stop loss of Rs 750.
Earlier, Kaynes Technology got a decent response from the investors as it received 34.16 times the subscription on the last day of the offer. According to NSE data, the IPO got bids for 35.76 crore shares against 1.04 crore shares on offer. Kaynes Technology IPO was launched on November 10 and ended on November 14. The allotment of the equity shares in the IPO took place on November 18.
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Kaynes Technology IPO Listing Share Price NSE, BSE
In line with expectations, Kaynes Technology stocks got listed at a premium of over 30 per cent. It traded at Rs 765 at NSE and Rs 764 at BSE.
Kaynes Technology IPO Listing Date; Share Price NSE, BSE
Zee Business will have exclusive interaction with the management of Kaynes Technology shortly.
Kaynes Tech Listing Price BSE
Rs 775 (+188) 32.03% premium (Issue Price Rs 587)
Kaynes Technology Listing Price NSE
Rs 778 (+ Rs 191) 32.54 per cent premium (Issue Price Rs 587)
Kaynes Technology IPO Listing Date; Share Price NSE, BSE
Based on the FY22 earnings, Kaynes Technology is valued at 82x P/E, 38x EV/EBITDA and 5x EV/Sales.
Kaynes Technology IPO Listing Date; Share Price NSE, BSE
For the financial year that ended March 2022, Kaynes Technology reported a profit after tax of Rs 41.68 crore on revenue of Rs 710 crore, against a profit of Rs 9.73 crore on revenue of Rs 419.4 crore in the previous year.
Kaynes Technology IPO Listing: Anil Singhvi's views
आज Kaynes टेक्नोलॉजी की लिस्टिंग, इश्यू प्राइस ₹587/शेयर
कैसी होगी लिस्टिंग-डिस्काउंट या प्रीमियम पर?
लिस्टिंग के बाद इन्वेस्टर्स क्या करें?
कहां पर लगाना है स्टॉपलॉस?
देखिए #KaynesTechnology की लिस्टिंग पर @AnilSinghvi_ की राय
LIVEhttps://t.co/sdbPjJ128x pic.twitter.com/WgY8fG61he
— Zee Business (@ZeeBusiness) November 22, 2022
Kaynes Technology IPO Listing Date; Share Price NSE, BSE
DAM Capital Advisors and IIFL Securities were the book-running lead managers to the issue.
Kaynes Technology IPO Listing Date; Share Price NSE, BSE
It is to be noted that Link Intime India Private Ltd (linkintime.co.in) was the official registrar appointed for Kaynes Technology IPO.
Kaynes Technology IPO Listing Date; Share Price NSE, BSE
Anil Singhvi said that even if Kaynes Technology fails to make a strong debut, the share price will increase after listing.
Kaynes Technology IPO Listing Date; Share Price NSE, BSE
Anil Singhvi suggested that short-term investors must continuously trail the stop loss and long-term investors can hold it.
Kaynes Technology IPO Listing Date; Share Price NSE, BSE
Kaynes Technology IPO may be listed at a premium of 20 per cent. According to Anil Singhvi, 20 per cent can be considered as good listing gains.
Kaynes Technology IPO Expected Listing Price
Kaynes Technology IPO likely to have a strong listing, said Anil Singhvi. The listing can be in the range of Rs 725- Rs 750. The issue price was Rs 587.
Kaynes Technology IPO Listing - Stop Loss
Short-term investors must keep a stop loss Rs 700, said Zee Business Managing Editor Anil Singhvi.
Kaynes Technology IPO Listing Date; Share Price NSE, BSE
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.