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Kaynes Technologies was listed in November 2022 and the stock jumped 102 per cent from its issue price, making it a multibagger in just six months.
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Subscriptions for 18 Indian companies opened for IPO in the last quarter, up from four in the previous quarter, according to IPO trends report by consulting firm EY
Kaynes Technology is an end-to-end and IoT solutions enabled integrated electronics manufacturing player. It was one of the first companies to offer design-led electronics manufacturing to original equipment manufacturers
The subsidiary will be set up under Jubilant FoodWorks International Luxembourg.