All that you should know about the Company before applying for the IPO
The public issue of equity shares of KAYNES TECHNOLOGY INDIA LIMITED will open for subscription on November 10, 2022 and closes on November 14, 2022. It is expected to list on the stock exchanges on November 22, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Incorporated in 2008, the company is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing player with capabilities across the entire spectrum of electronic system design and manufacturing services. They have experience in providing conceptual design, process engineering, integrated manufacturing and life-cycle support for major players in the automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways, Internet of Things (“IoT”), Information Technology (“IT”) and other segments.
The company operates in the following business verticals:
The Company operates 8 strategically located manufacturing facilities across India in the states of Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, and Uttarakhand. Their facilities are located in proximity to their customers, allowing them to serve their requirements efficiently and cost-effectively. Certain of its manufacturing facilities are approved under the Electronics Hardware Technology Park Scheme at the Software Technology Park of India in Bengaluru, which offers incentives similar to a special economic zone. As of June 30, 2022, they had a combined capacity to assemble over 150 crore components for the period. In addition, they have an exclusive line for Green Manufacturing and include 1 design facility and 2 service centres.
The Company has a diversified customer base and they served 229 customers in 21 countries across 3 continents in the 3 months ended June 30, 2022. Its customers span multiple sectors, ranging from electronics to automotive, to healthcare, industrial and IoT. They have a balanced mix of domestic and international customers, including certain Fortune 500 companies, multinational corporations and start-ups.
Ramesh Kunhikannan, Savitha Ramesh and RK Family Trust
Given below are the objectives of the Company –
The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding of the following objects:
|IPO Size||₹857.81 Crore*|
|Offer Mix||Freash Issue ₹530 Crore + Offer For Sell ₹327.81 Crore*|
|Price Band||₹ 559 - ₹ 587|
|Lot Size||25 Shares (& in multiples thereof)|
|Face Value||₹ 10|
|Application Amount||Min. ₹ 14,675 (1 lot) | Max. ₹ 1,90,775 (13 lots) [at upper price band]|
|Listing on||NSE & BSE|
|Registrar||Link Intime India Private Limited|
|Cut-off time for UPI Mandate Confirmation||14-November-2022 (up to 05:00 PM)|
₹ 428.15 Crore
(50% of the Issue Size)
₹ 128.45 Crore
(15% of the Issue Size)
₹ 299.71 Crore
(35% of the Issue Size)
|Employee Reservation Portion||
₹ 1.50 Crore
|IPO Opens||November 10, 2022|
|IPO Closes||November 14, 2022|
|Finalization of the basis of allotment||November 17, 2022|
|Unblocking of funds / Initiation of refunds||November 18, 2022|
|Credit of equity shares to Demat accounts||November 21, 2022|
|Listing of equity shares||November 22, 2022|
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