Kaynes Technology India Ltd. has announced public offering of 14613625 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 577.00 per share. The gross proceeds of the issue are expected to be Rs 85,781.98 lakhs.
The company's initial public offer (IPO) will open on 10 November 2022 and is expected to close on 14 November 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 559.00-587.00 per share.
The IPO includes a fresh Issue of 14613625 Equity Shares of the Company at an price of Rs 587.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 25 shares with bids in multiples of 25.
Kaynes Technology India Ltd. anticipates using the proceeds of the issue for .
IIFL Securities Limited,DAM Capital Advisors Limited as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.