Kaynes Technology IPO

Kaynes Technology IPO | Review

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Kaynes Technology India Limited has come up with an initial public offer (IPO). It will open on November 10-14, 2022 at Rs.559-587 a share. The IPO issue size is around Rs.857.82 crores. The minimum bid will be for 25 shares and in its multiples thereafter.


Kaynes Technology India Ltd was incorporated in the year 2008. It is an end-to-end and IoT solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing (“ESDM”) services. The company has 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. Its business is classified based on the stage of services that it provides to customers. The company classify its operations under the following business verticals: OEM – Turnkey Solutions – Box Build, OEM – Turnkey Solutions – Printed Circuit Board Assemblies, ODM & Product Engineering and IoT Solutions.

Over the years, Kaynes Technology has focused on creating robust manufacturing systems and processes that comply with health and safety, as well as environmental and social and governance requirements. Its operations comply with global standards and facilities have 10 global accreditations, making it the most certified ESDM company in India. Also, it has long-term relationships with a large customer base diversified across verticals and geographies.

Website https://www.kaynestechnology.co.in/


Ramesh Kunhikannan – 79.74%Savitha Ramesh – 0.04%
RK Family Trust – Negligible

Promoter Holding

Pre-Issue Shareholding – 79.78%Post-Issue Shareholding – 67.39%

Strength & Weakness

Diversified business modelIncreasing competition in Industry
Global certifications for each industry verticalNegative net operating cash flows in the past
Strong supply chain and sourcing networkBusiness is manpower intensive
Track record of consistent financial performanceRely on the constant supply of semiconductors from overseas market
Experienced Promoters and managementBusiness is subject to seasonality
Improving efficiency through backward integrationRequires significant working capital requirements
To pursue inorganic growth through selective partnerships and acquisitionsDependent on factors affecting the product costs


OEM – Box BuildOEM – PCBAs
ODMProduct Engineering & IoT Solutions


Aerospace & DefenceNuclear
IoT / IT and OthersConsumer


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Company Financials

YearRevenue (in Crore)Profit (in Crore)

Object of Issue

1) To carry out the Offer for Sale of Equity Shares by the Selling Shareholders

2) Repayment/ prepayment, in full or part, of certain borrowings availed by our Company

3) Funding capital expenditure towards expansion of existing manufacturing facility at Mysore, Karnataka, and near the existing manufacturing facility at Manesar, Haryana

4) Investment in wholly owned Subsidiary, Kaynes Electronics Manufacturing Private Limited, for setting up a new facility at Chamarajanagar, Karnataka

5) Funding working capital requirements of our Company

6) General corporate purposes

Kaynes Technology IPO Lot Size

Retail (Min)125Rs.14,675
Retail (Max)13325Rs.1,95,775
S-HNI (Min)14350Rs.2,05,450
B-HNI (Max)691,725Rs.10,12,575

Kaynes Technology IPO Details

IPO Opening Date November 10, 2022
IPO Closing Date November 14, 2022
Face Value Rs.10 per Equity Share
IPO Price Rs.559-587 per share
Employee DiscountRs.15/share
Market Lot 25 shares
Minimum Order Quantity 25 shares
Listing At NSE, BSE
No. of shares offered (OFS)55,84,664 shares
Issue Size Up to Rs.857.82 Crore
QIB Shares Offered 50% of the offer
Retail Shares Offered 35% of the offer 
NII/HNI Shares Offered 15% of the offer

Kaynes Technology IPO Timetable

IPO DateNovember 10-14, 2022
Allotment DateNovember 17, 2022
Initiation of RefundsNovember 18, 2022
Credit of share to Demat a/cNovember 21, 2022
IPO Listing DateNovember 22, 2022

Allotment Status

Link Intime – https://linkintime.co.in/

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About the author

Shankar Awale

Hey! I am Shankar Awale an aspiring blogger with an obsession for all things of Finance. This blog is dedicated to help people to learn about Financial Knowledge in easy language.

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