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IPO-Synopsis
Kaynes Technology India Ltd
Initial public offering of 14,613,624^ equity shares of face value of Rs. 10 each ("Equity Shares") of Kaynes Technology India Limited ("Company" or "Issuer") for cash at a price of Rs. 587 per equity share (including a share premium of Rs. 577 per equity share) ("Offer Price") aggregating to Rs. 857.82 crores^ (the "Offer") comprising a fresh issue of 9,028,960^ equity shares aggregating to Rs. 530.00 crores^ by the company (the "Fresh Issue") and an offer for sale of 5,584,664^ equity shares aggregating to Rs. 327.82 crores^, comprising 2,084,664^ equity shares by Ramesh Kunhikannan aggregating to Rs. 122.37 crores^ ("Promoter Selling Shareholder") and 3,500,000^ equity shares by Freny Firoze Irani aggregating to Rs. 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 Rs. 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 Rs. 555.85 per equity share (including a premium of Rs. 545.85 per equity share) aggregating to Rs. 130.00 crores the face value of equity shares is Rs. 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
Opens On Closes On
10-Nov-22 14-Nov-22
Money Payable On
Application Allotment
587.00 0.00
Minimum Application for shares in Nos : 25 Further Multiples of : 25
Cr Lead Managers to the Issue
Project Cost (.Cr) 625.74 Dam Capital Advisors Ltd
Project Financed through Current Offer (.Cr) 857.82  
Post Issue Equity Share Capital (.Cr) 58.14
Issue Price () 587.00
Projects
Repayment/prepayment, in full or part, certain borrowings availed by the company
Funding capital exepnditure towards expansion of the existing manufacturing facility at Mysore, Karnataka, and near the existing manufacturing facility at Manesar, Haryana
Investment in the wholly owned subsidiary, Kaynes Electronics Manufacturing Pvt Ltd, for setting up a new facility at Chamarajanagar, Karnataka
Funding working capital requirements of the company
General corporate purposes
Promoted By
Ramesh Kunhikannan
Savitha Ramesh
RK Family Trust
Listing At
BSE
NSE
Registrar to the Issue
No Data Available

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