About Kaynes Technology India IPOIn August this year, the IPO of electronic system design and manufacturing (ESDM) company Syrma SGS received strong response from investors. On the final day, the public issue was subscribed more than 30 times. And now, another player in this space – Kaynes Technology – is all set to hit the stock markets. Kaynes Technology is an end-to-end and Internet of Things (IoT) solutions enabled electronics manufacturing player. It provides conceptual design, process engineering, integrated manufacturing and life-cycle support for major players in various sectors such as automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways and Information Technology. The company has a large customer base and has offered its services to 229 customers in 21 countries. Also, it has eight strategically located manufacturing facilities in Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, and Uttarakhand. The company is planning to further increase its manufacturing capacity. The funds raised through the fresh issue of Kaynes Technology IPO will be used to expand its existing manufacturing facilities as well as set up a new facility. The money will also be deployed for paring debt and funding working capital requirements. Here the key details about the Kaynes Technology IPO:
Financial snapshot
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Here’s a quick look at Kaynes Technology India IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
Risks and weaknesses
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Kaynes Technology India IPO Details| Kaynes Technology IPO dateThe offer document filed by the company with the SEBI mentions that the Kaynes Technology IPO’s opening date – in other words, the Kaynes Technology IPO launch date – will be on 10 November 2022. The Kaynes Technology IPO closing date is 14 November 2022. After this, investors will be updated about the allotment status on 17 November 2022. Investors, who have been allotted shares, can expect them to be credited in their demat account on 21 November 2022. The Kaynes Technology IPO listing date is 22 November 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. | Kaynes Technology IPO price band The entire IPO is a book-built issue. The Kaynes Technology IPO price band has been set between ₹559 and ₹587 per share. Interested investors can choose a price within this band to apply for the IPO. The Kaynes Technology IPO listing price will be determined on 22 November 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges. | Kaynes Technology IPO lot sizeThe Kaynes Technology IPO details have been declared. The Kaynes Technology IPO lot size is set at 25 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (325 shares). Meanwhile, the Kaynes Technology IPO issue size is ₹858 crore. |
How to pre-apply for the Kaynes Technology India IPO?You can pre-apply for the Kaynes Technology IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Kaynes Technology India IPO?If you are interested in this investment opportunity but unsure how to apply for the Kaynes Technology IPO, here we are listing out the steps for you. Here’s a step-by-step guide on how to apply for the Kaynes Technology IPO on Upstox:
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How to check the Kaynes Technology India IPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around three to five days after an IPO closes. This is also true in the case of the Kaynes Technology IPO. The Kaynes Technology IPO’s closing date is 14 November 2022. The Kaynes Technology IPO’s allotment date has been set three days later, on 17 November 2022. Here’s a step-by-step guide on how to check the Kaynes Technology IPO allotment status:
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Open a demat account with Upstox to apply for the Kaynes Technology India IPOTo apply for the Kaynes Technology IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right? |
Upstox – trading app to apply for the Kaynes Technology India IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Kaynes Technology IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Kaynes Technology IPO means applying for this public issue before it goes live. Click here to pre-apply for the Kaynes Technology IPO on Upstox.
You can pre-apply for the Kaynes Technology IPO from 9 November 2022. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
Click here to apply for the Kaynes Technology IPO on Upstox. You can also download our app and apply for the IPO.
The Kaynes Technology IPO launch date is 10 November 2022. The Kaynes Technology IPO will be open for subscription till 14 November 2022.
The Kaynes Technology lot size is 25 shares and the minimum investment required is ₹13,975.
The Kaynes Technology IPO price band is ₹559-₹587 per share.
The size of the Kaynes Technology IPO is ₹858 crore.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 21 November 2022.
Shares of Kaynes Technology will list on BSE and NSE.
Kaynes Technology shares’ listing date is 22 November 2022.