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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹857.82 Cr |
| Fresh Issue | ₹530.00 Cr |
| Offer for Sale | ₹327.82 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹559.00-587.00 per share |
| Discount | Retail: 0.00,Employee: 0.00 |
| BSE Code | 543664 |
| NSE Code | KAYNES |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Dam Capital Advisors Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 25 shares and in multiples thereof
Incorporated in 2008, Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company provides 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.
The company is among the first companies in India to offer design-led electronics manufacturing to original equipment manufacturers ("OEMs").
The company's operations are classified under the following business verticals:
OEM - Turnkey Solutions - Box Build ("OEM - Box Build").
OEM - Turnkey Solutions - Printed Circuit Board Assemblies ("PCBAs") ("OEM - Turnkey Solutions").
ODM: The company offers ODM services in smart metering technology, smart street lighting, and brushless DC ("BLDC") technology.
Product Engineering and IoT Solutions: The company offer conceptual design and product engineering services in industrial and consumer segments.
Kaynes Technology operates eight manufacturing facilities across India in the states of Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, and Uttarakhand.
As of June 30, 2022, the company's research and development team comprised 19 employees, including engineers, designers and other workers.
In nine months ended June 30, 2022, The company served 229 customers in 21 countries globally and multiple industry verticals such as automotive, aerospace and defence, industrial, railways, medical and IT / ITES.
The company works with over 871 vendors and sources materials from various regions including North America, Europe, and Singapore as well as locally within India, As of June 30, 2022.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment, in full or part, of certain borrowings availed by our Company | 130.00 |
| 2 | Funding capital expenditure towards expansion of our existing manufacturing facility at Mysuru, Karnataka, and near our existing manufacturing facility at Manesar, Haryana | 98.93 |
| 3 | Investment in our wholly owned Subsidiary, Kaynes Electronics Manufacturing Private Limited, for setting up a new facility at Chamarajanagar, Karnataka | 149.30 |
| 4 | Funding working capital requirements of our Company | 114.74 |
| 5 | General corporate purposes | 132.77 |
| Period Ended | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 763.26 | 622.42 | 419.37 | 378.12 |
| Total Income | 199.98 | 710.35 | 424.66 | 370.17 |
| Profit After Tax | 10.05 | 41.68 | 9.73 | 9.36 |
| NET Worth | 212.00 | 201.82 | 136.51 | 95.76 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 186.38 | 169.55 | 139.47 | 143.83 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 24.5% |
| ROCE | 24.44% |
| Debt / Equity | 0.84% |
| RoNW | 20.54% |
| PAT Margin | 5.90% |
| EBITDA Margin | 13.26% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 9.70 | |
| P/E (x) | 84.95 | |
| Promoter Holding | 79.78% | 67.39% |
| Market Cap | ₹3412.97 Cr. | |
