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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
Despite recent market turbulence, electronics manufacturing business Kaynes Technology India achieved a fantastic launch on bourses today, in accordance with expert forecasts. The stock was listed at a premium of 32% above its initial issue price of Rs 587. On the NSE and BSE, it opened trading at Rs. 778 and Rs. 775, respectively.
The public issue is priced at a price band of Rs559 per share to Rs587 per share respectively having a face value of Rs10 each.
Kaynes Technology got listed at Rs 778 on , up 32.54 per cent over its issue price of Rs 587. The company commanded a market capitalisation of Rs 4,506.04 crore
Kaynes Technology, India’s leading end-to-end and IoT (Internet of Things) solutions-enabled integrated electronics manufacturer, has hit Dalal Street at a 33 per cent premium over its initial public offering issue price.