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IPO Details

Issue Date

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Investment/lot

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Price Range

587 - 559

Lot Size

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IPO Size

₹ 857.82 Cr

IPO Listing Details

Listing On

22 Nov'22

Issue Price

559

Listed Price

₹ 778

Retail Gain/Listing Gain

32.54%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Kaynes Technology India Limited are 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. They have 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.

Their business is classified based on the stage of services that they provide to their customers. They classify their operations under the following business verticals:

  • OEM – Turnkey Solutions – Box Build (“OEM – Box Build”): They undertake Build To Print or Build to Specifications of complex box builds, sub-systems and products across various industry verticals.
  • OEM – Turnkey Solutions – Printed Circuit Board Assemblies (“PCBAs”) (“OEM – Turnkey Solutions”): They undertake turnkey electronics manufacturing services of PCBAs, cable harness, magnetics and plastics ranging from prototyping to product realization including mass manufacturing.
  • ODM: They offer ODM services in smart metering technology, smart street lighting, brush less DC (BLDC) technology, inverter technology, gallium nitride based charging technology and providing IoT solutions for making smart consumer appliances or devices IoT connected. They operate eight strategically located manufacturing facilities across India in the states of Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, and Uttarakhand. Their facilities are located in proximity to their customers, allowing them to service their requirements efficiently and cost-effectively. They have a dedicated research and development facility located within their facility at Mysuru, Karnataka –Unit - I.

They have focused on creating robust manufacturing systems and processes that comply with health and safety, as well as environmental and social and governance requirements. Their operations comply with global standards and their facilities have 10 global accreditations, making them the most certified ESDM company in India (Source: F&S Report).

They have long-term relationships with a large customer base diversified across verticals and geographies. In the three months ended June 30, 2022, they served 229 customers in 21 countries globally and multiple industry verticals such as automotive, aerospace and defence, industrial, railways, medical and IT / ITES.

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IoT solutions enabled integrated electronics manufacturing player with end-to-end capabilities
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Diversified business model with applications across industry verticals
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Long-standing relationships with marquee customer base
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Strong supply chain and sourcing network
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Here are a few strategies Kaynes Technology India Limited has for its business:

  • Focus on full product / box build capabilities
  • Leverage research and development capabilities to continue to diversify product portfolio and provide value-added services
  • Focus on expansion across each vertical to capitalize on industry opportunity
  • Continue to expand customer base to focus on large customers
  • Expand manufacturing capacity at existing facilities and set-up additional strategically located facilities

And finally here’s a look at key financials of Kaynes Technology India Ltd.`

Particulars (in Rs. million)

Particulars (in Rs. million)

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Kaynes Technology India Ltd IPO FAQs

Kaynes Technology India Ltd will list on 2022-11-22.

857.82 is the issue size of Kaynes Technology India Ltd IPO.

The price band of Kaynes Technology India Ltd IPO is ₹587 to ₹559.

The Kaynes Technology India Limited IPO has an issue size of Rs. 858 crore. The IPO opens for subscription on 10th November, and ends on 14th November.

The allotment dates will be announced soon.

Link Intime India Private Limited is the registrar for this IPO

You can read more about Kaynes Technology India Limited and its IPO from the company’s red herring prospectus (RHP) here: Kaynes Technology India Limited RHP.

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