Kaynes Technology IPO subscription status started on Thursday, November 10, 2022 and will close on November 14, 2022. Kaynes Technology IPO to raise around ₹857 crores via IPO. The retail quota is 35%, QIB is 50%, and HNI is 15%. The price band is fixed at ₹450 to ₹474 per equity share.
The Kaynes Technology IPO minimum market lot is 25 shares with ₹14,675 application amount. The retail investors can apply up-to 13 lots with 325 shares or ₹190,775 amount. The IPO to list on BSE and NSE.
Kaynes Technology India Limited is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India. They provides 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.
IPO Subscription Update
- Day 1: Kaynes Technology IPO subscribed 0.23 times overall in that QIB 0.52 times, NII 0.10 times and retail 0.12 times.
- Day 2: Kaynes Technology IPO subscribed 1.10 times overall in that QIB 2.45 times, NII 0.77 times and retail 0.47 times.
- Day 3: Kaynes Technology IPO subscribed 34.16 times overall in that QIB 98.47 times, NII 21.21 times and retail 4.09 times.
IPOWatch View
We recommend investors may apply an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing. You can check the Kaynes Technology IPO allotment status here.
Kaynes Technology IPO Subscription Status – Final Data
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.52 | 2.45 | 98.47 |
| NII | 0.10 | 0.77 | 21.21 |
| RII | 0.12 | 0.47 | 4.09 |
| EMP | 2.04 | 3.22 | 11.89 |
| Total | 0.23 | 1.10 | 34.16 |
Kaynes Technology IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Kaynes Technology IPO Review
- May Apply
Kaynes Technology IPO Date & Price Band
| Kaynes Technology IPO Open: | November 10, 2022 |
| Kaynes Technology IPO Close: | Novemner 14, 2022 |
| Kaynes Technology IPO Size: | Approx ₹857 Crores |
| Fresh Issue: | Approx ₹500 Crores |
| Offer for Sale: | Approx 72,00,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| Kaynes Technology IPO Price Band: | ₹559 to ₹587 Per Share |
| Kaynes Technology IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Kaynes Technology IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 25 | ₹14,675 |
| Retail Maximum | 13 | 325 | ₹190,775 |
| S-HNI Minimum | 14 | 350 | ₹205,450 |
| B-HNI Minimum | 68 | 1,725 | ₹1,012,575 |
Kaynes Technology IPO Subscription Dates
| Price Band Announcement: | November 4, 2022 |
| Anchor Investors Allotment: | November 9, 2022 |
| Kaynes Technology IPO Open Date: | November 10, 2022 |
| Kaynes Technology IPO Close Date: | November 14, 2022 |
| Basis of Allotment: | November 17, 2022 |
| Refunds: | November 18, 2022 |
| Credit to Demat Account: | November 21, 2022 |
| Kaynes Technology IPO Listing Date: | November 22, 2022 |
Kaynes Technology IPO Form
How to apply for the Kaynes Technology IPO? You can apply for Kaynes Technology IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Kaynes Technology IPO in the Invest section. The other option is you can apply for Kaynes Technology IPO via IPO forms downloaded via BSE and NSE. Check out the Kaynes Technology forms – Click BSE and NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
