Kaynes Technology India Ltd IPO opened for subscriptions on Thursday 10e November and will close today, 14e November 2022. Investors can apply for a minimum lot of 25 shares at a price range of Rs 559-587 per share.
The IPO was subscribed 1.34 times at 10 a.m. on Thursday 14e November 2022.
Kaynes Technology India IPO Subscription Live Status (10:09 AM on 2022-11-14)
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(Source: ESB Live Subscription)
The company uses its net proceeds to repay certain borrowings, to fund capital expenditures, to invest in its wholly-owned subsidiary, Kaynes Electronics Manufacturing Private Limited, and to fund working capital requirements.
The IPO includes a new issue of Rs 530 crore and an offer to sell (OFS) of up to 55.85 lakh shares by a promoter and an existing shareholder. Shares of Kaynes Technology India Ltd are expected to list on November 22, 2022.
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