The stock made its debut at Rs 775, a jump of 32 per cent from the issue price on the BSE. It further rallied to Rs 787, up 34 per cent from its issue price.
India's leading end-to-end and IoT (Internet of Things) solutions-enabled integrated electronics manufacturer Kaynes Technology will hit Dalal Street today after a successful initial public offering (IPO) run. The 858 crore IPO was 34.16 times oversubscribed
Kaynes Technology IPO: The GMP of Kaynes Technology IPO stood at Rs 130 on November14 against the GMP of Rs 85 on November 12. The price band of the issue is Rs 559 to Rs 587 per share
Kaynes Technology IPO: The quota for qualified institutional buyers (QIBs) got subscribed 98.47 times while the category for non-institutional investors was subscribed 21.21 per cent. The portion for Retail Individual Investors (RIIs) received 4.09 times subscription and that for employees got subscribed 11.89 times.