Kaynes Technology IPO Allotment Status today: Check subscription status online via direct link | Kaynes Technology Share Listing Date NSE, BSE

Kaynes Technology IPO Allotment Status, Kaynes Technology IPO Share Listing Date, Kaynes Technology IPO Share Listing Price NSE: The allotment of the initial public offering (IPO) of  Kaynes Technology India Limited (KTIL) is likely to be announced today. The company had fixed November 17 as a tentative date for this purpose. 

Kaynes Technology IPO 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.

Ahead of IPO, Mysore-based Kaynes Technology - a leading end-to-end and IoT (Internet of Things) solutions-enabled integrated electronics manufacturing player - collected Rs 257 crore from anchor investors. 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.

Kaynes Technology IPO Price Band

The price range of Kaynes Technology has been fixed Rs 559-587 a share. The issue opened for publich subscription on November 10 and concluded on November 14. 

Kaynes Technology Listing Date NSE, BSE

Kaynes Technology IPO will be listed both on NSE and BSE. Listing date is November 22.

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

Kaynes Technology IPO Allotment Status: Step-by-step guide to check status online 

Those who have applied for Kaynes Technology IPO can check the allotment status of the IPO application online. For this, one can either visit the official website of the Bombay Stock Exchange (BSE) or can use a direct link of registrar. 

Kaynes Technology IPO Allotment Status: Check Status On BSE

Step 1: A bidder can visit the BSE's official website to check the status of the IPO application online. Alternatively, he or she can directly click on the link - https://www.bseindia.com/investors/appli_check.aspx

Step 2: Select the option of 'Equity' under 'Issue Type' 

Step 3: Select 'Issue Name' i.e. Kaynes Technology from the menu.

Step 4: Either enter your application number in the box or provide your PAN detail to proceed further.

Step 5: Click on 'I'm not a robot' and then submit. 

Status of your Kyanes Technology IPO application will be available on the screen. 

Kaynes Technology IPO Allotment Status: Check status via direct link or official registrar

It is to be noted that Link Intime India Private Ltd (linkintime.co.in) is the official registrar appointed for Kaynes Technology IPO. 

Step 1: Visit the official website of the registrar - Link Intime India or click - linkintime.co.in/MIPO/Ipoallotment.html.

Step 2: Select Kaynes Technology IPO.

Step 3: Now you will have to provide your PAN details. You can also provide details of your Demat Account or Application No. 

Step 4: Click on 'Search' and the allotment status Kaynes Technology IPO will be available on your screen.

The company IPO comprises fresh issue of equity shares worth Rs 530 crore and an Offer For Sale (OFS) of up to 55.85 lakh equity shares by a promoter and an existing shareholder.

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.

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

Proceeds from the fresh issue will be used to repay debt, funding capital expenditure for its manufacturing facilities at Mysore and Manesar and fund working capital requirements.

Also, the company plans to invest in its arm Kaynes Electronics Manufacturing Pvt Ltd for setting up a new facility at Chamarajanagar in Karnataka.

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