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| Attention Investors |
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Your results on : IPO | IPO Synopsis |
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| Kaynes Technology India Ltd |
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Registered Office:
23-25 Belagola Food Indl.Estat,Metagalli P O
,
Mysore
-
570016
,
Karnataka
, India.
Phone :
91-8212-582595 Fax:
Email : kaynestechcs@kaynestechnology.net
Website : www.kaynestechnology.co.in
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Initial public offering of 14,613,624^ equity shares of face value of
 10 each ("Equity Shares") of Kaynes Technology India Limited ("Company" or "Issuer") for cash at a price of 587 per equity share (including a share premium of 577 per equity share) ("Offer Price") aggregating to
857.82 crores^ (the "Offer") comprising a fresh issue of 9,028,960^ equity shares aggregating to 530.00 crores^ by the company (the "Fresh Issue") and an offer for sale of 5,584,664^ equity shares aggregating to
327.82 crores^, comprising 2,084,664^ equity shares by Ramesh Kunhikannan aggregating to 122.37 crores^ ("Promoter Selling Shareholder") and 3,500,000^ equity shares by Freny Firoze Irani aggregating to 205.45 crores^ ("Investor Selling Shareholder" and together with promoter selling shareholder, the "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares") (such offer for sale by the selling shareholders, the "Offer for Sale" and together with the fresh issue, "The Offer").
The offer included a reservation of 25,553^ equity shares aggregating to
1.5 crores^ (constituting 0.04 % of the post offer paid-up equity share capital), for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as "Net Offer". The offer and net offer constitutes 25.13 % and 25.09 %, respectively, of the post-issue paid-up equity share capital of the company.
The company has, in consultation with the brlms, undertaken the pre-ipo placement of 2,338,760 equity shares at a price of 555.85 per equity share (including a premium of 545.85 per equity share) aggregating to
130.00 crores the face value of equity shares is 10 each.
The offer price is 58.70 times the face value of the equity shares.
^Subject to finalisation of the basis of allotment.
Bids can be made for a minimum of 25 equity shares in multiples of 25 equity shares thereafter. |
| Issue |
Money Payable On |
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| Opens On |
Closes On |
Application |
Allotment |
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| 10-Nov-22 |
14-Nov-22 |
Rs587.00-0.00 |
Rs0.00-0.00 |
| Minimum Application for shares in Nos :25 Further Multiples of :25 |
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RsCr |
Lead Managers to the Issue |
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| Project Cost |
625.74 |
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| Project Financed through Current Offer |
857.82 |
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| Post Issue Equity Share Capital |
58.14 |
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| Issue Price |
Rs587.00 |
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| Projects |
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| Repayment/prepayment, in full or part, certain borrowings availed by the company | Funding working capital requirements of the company |
| Funding capital exepnditure towards expansion of the existing manufacturing facility at Mysore, Karnataka, and near the existing manufacturing facility at Manesar, Haryana | General corporate purposes |
| Investment in the wholly owned subsidiary, Kaynes Electronics Manufacturing Pvt Ltd, for setting up a new facility at Chamarajanagar, Karnataka | |
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| Promoted By |
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| Ramesh Kunhikannan |
| Savitha Ramesh |
| RK Family Trust |
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| Registrar to the Issue |
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| Link Intime India Pvt Ltd |
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