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: 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 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.
Click Here For Latest Updates On Stock Market | Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Gold and Silver rate today (May 14, 2024): Precious metals trade in green; yellow metal above Rs 72,000 once again, white metal near Rs 85,350
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
Women loco pilots speak about their struggle; many men have to be informed even for 'washroom break' in a moving train
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
Gold and Silver rate today (May 16, 2024): Yellow metal futures subdued; white metal hits record high breaches Rs 87,000 mark
08:53 AM IST