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Kaynes Technology IPO subscribed 23% on day 1

The Kaynes Technology initial public offer (IPO) was subscribed 23 per cent on the first day of the share sale today. The firm received bids for 24.28 lakh shares against an IPO size of 1.04 crore shares, data on BSE showed. The quota for retail investors was subscribed 0.12 times of the allotted portion, while the portion set aside for non-institutional investors was subscribed 0.10 times today. The firm plans to raise Rs 857.82 crore through the share sale. ....

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