Kaynes Technology India Limited IPO
Kaynes Technology India Limited was a mainboard IPO in the Industrial Products sector, offered at ₹559–₹587 per share to raise ₹858 crore. The issue was subscribed 34.16× overall (QIBs 98.47×, NIIs 21.21×, retail 4.1×). It listed on 22 Nov 2022 at ₹778 and closed its first day at ₹690, a listing gain of +17.5% versus the ₹587 issue price. It now trades around ₹3,131 (+433.4% versus the issue price).
Frequently asked questions
- How many times was the Kaynes Technology India Limited IPO subscribed?
- The Kaynes Technology India Limited IPO was subscribed 34.16× overall — 98.47× in the QIB category, 21.21× among non-institutional investors, 4.1× in retail.
- What were the Kaynes Technology India Limited IPO listing gains?
- Kaynes Technology India Limited listed on 22 Nov 2022 at ₹778, closing its first day at ₹690 — a listing gain of +17.5% versus the ₹587 issue price.
- What were the retail allotment odds for the Kaynes Technology India Limited IPO?
- Retail was subscribed 4.1×, so a single-lot application had roughly a 24.4% chance of allotment (about 1 in 4), and allotment was finalised on 16 Nov 2022.
- What was the price band and lot size of the Kaynes Technology India Limited IPO?
- The price band was ₹559–₹587 per share, with a minimum lot of 25 shares (₹14,675 at the upper band).
- Who were the registrar and lead manager for the Kaynes Technology India Limited IPO?
- Link Intime India Private Limited was the registrar, and IIFL Securities was the book-running lead manager.