Kaynes Technology India Ltd. IPO

The company works in 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.

RHP
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DRHP
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Open Date

2022-11-10

Close Date

2022-11-14

IPO Details

Check out the issue details for Kaynes Technology India Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 587

Price Band

₹ 559 - 587

Issue Size

857.82 Cr.

Issue Type

Book Built

Open

2022-11-10

Close

2022-11-14

Listingprice

₹ 778

ListingGain

32.54%

Listing Date

2022-11-22

CMP

₹ 2865.35

Current Return

388.13%

Company Financials

You can get the following financial statements of Kaynes Technology India Ltd. as of now.

Subscription Details

The details about the Kaynes Technology India Ltd IPO is as:

  • The issue size of the IPO is 857.82 Cr.
  • The price band for Kaynes Technology India IPO is Rs 559 to Rs 587.
  • The shares of Kaynes Technology India IPO will list on 22nd November 2022.
  • The latest tentative GMP of Kaynes Technology India IPO is Rs 200.
  • The shares of Kaynes Technology India IPO is subscribed 34.16 Times as of 14th November 2022.

Kaynes Technology India Ltd IPO Valuation

The approx valuation of Kaynes Technology India Ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 587
Existing Shares (Qty) 4.92 Cr
Fresh Issue (Amount) 530 Cr
Market Cap 3418.04 Cr
EPS (FY22) Rs 9.70
PE Ratio 60.51x
Industry PE 87.59x

 

Kaynes Technology India Ltd IPO Issue Size

Kaynes Technology India Ltd IPO issue size is 857.82 Cr.

Issue Amount
Fresh Issue 530 Cr
Offer For Sale 327.82 Cr

 

Kaynes Technology India IPO Market Lot

An Individual can apply for a minimum 1 lot of 25 shares and a maximum of 13 lots of 325 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 25 Rs 14,675
 Maximum 13 325 Rs 1,90,775

 

Kaynes Technology India IPO Offer

The shares of Kaynes Technology India IPO is subscribed 34.16 Times as of 14th November 2022. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 98.47 Times
Non-Institutional Minimum 15% 21.21 Times
Retail Individual Minimum 35% 4.09 Times
Employee   11.89 Times
Total   34.16 Times

 

Kaynes Technology India IPO Grey Market Premium

As on GMP (Tentative)
14 November 2022 Rs 130
15 November 2022 Rs 130
16 November 2022 Rs 120
17 November 2022 Rs 120
18 November 2022 Rs 200
19 November 2022 Rs 200

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Kaynes Technology India Ltd IPO:

Schedule Date
Basis of Allotment 17 November 2022
Refunds 18 November 2022
Credit to Demat Account 21 November 2022
IPO Listing Date 22 November 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 352.84 360.34 392.8 671.39 1086.56
Total Expenditure 316.71 319.13 355.05 579.81 920.26
Operating Profit 36.13 41.21 37.75 91.58 166.3
Other Income 2.4 2.08 4.08 4.76 11.7
Interest 20.43 23.58 23.52 26.42 35.8
Depreciation 5.04 6.33 9.67 12.36 17.67
Exceptional Items 0 0 0 0 0
Profit Before Tax 13.07 13.38 8.64 57.56 124.52
Provision for Tax 3.82 2.03 0.07 16.58 29.76
Net Profit 9.25 11.34 8.57 40.99 94.76
Adjusted EPS (Rs.) 1.13 1.39 1.05 0.89 1.63

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 6.8 6.8 7.88 46.54 58.14
Total Reserves 86.75 98.1 131.42 156.25 900.24
Borrowings 29.55 9.8 16.77 25.81 15.55
Other N/C liabilities 10.22 10.95 15.34 27.68 26.45
Current liabilities 226.26 233.97 234.41 352.98 426.28
Total Liabilities 359.58 359.62 405.81 609.25 1426.66
Assets
Net Block 49.01 54.25 66.86 106.89 119.37
Capital WIP 2.2 9.4 1.01 4.42 11.26
Intangible WIP 0 0 8.76 0 14.33
Investments 3.58 3.13 3.26 2.79 4.01
Loans & Advances 5.54 12.99 13.44 12.68 27.84
Other N/C Assets 0 0 0.31 0.76 0.52
Current Assets 299.25 279.85 312.18 481.72 1249.33
Total Assets 359.58 359.62 405.81 609.25 1426.66
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 3.51 5.93 8.49 10.13 12.29
Profit Before Tax 27.77 48.52 31.91 30.94 33.01
Tax 7.07 9.9 6.72 5.52 7.21
Profit After Tax 20.7 38.61 25.19 25.41 25.79
Adjusted EPS (Rs) 3.56 6.64 4.33 4.37 4.04

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 57.83 0
Sep 2023 63.57 0
Jun 2023 63.57 0
Mar 2023 63.57 0
Dec 2022 63.57 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 13.07 13.38 8.64 57.56 124.52
Adjustment 24.38 30.21 27.71 33.15 39.63
Changes in Assets & Liabilities -35.53 -8.42 -18.94 -73.25 -169.61
Tax Paid -6.46 -1.73 -4.41 -2.74 -46.83
Operating Cash Flow -4.53 33.44 13 14.73 -52.29
Investing Cash Flow -10.43 -19.17 -19.15 -37.18 -480.46
Financing Cash Flow 38.73 -36.19 8.12 25.89 550.42
Net Cash Flow 23.77 -21.93 1.98 3.43 17.68
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