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Experts anticipate that Kaynes technology IPO GMP will be around Rs 130. The company kept the lot size of minimum 25 shares and multiple of 25 shares thereafter. Kaynes Technology IPO listing date is November 22, the company will be listed both in BSE and NSE.
Kaynes Technology has received a 'subscribe' rating from Ventura Securities with a price target of Rs 675 based on 30 times FY25 EPS, which represents a potential upside of 15% over the IPO price in 18 months
Mysore-based Kaynes Technology had on Wednesday said it has collected Rs 257 crore from anchor investors ahead of its initial share sale. Nomura, Goldman Sachs, ICICI Prudential Mutual Fund (MF), Axis MF, Aditya Birla Sun Life MF, Tata MF, HDFC MF and WhiteOak Capital are among the anchor investors.
Nifty futures on the Singapore Exchange quoted 56.5 points, or 0.31 per cent, lower at 18,137, hinting at a weak start for the domestic market on Thursday.
Mysore-based integrated electronics manufacturer Kaynes Technology India Ltd has raised 2.56 bln rupees by allocating 4.38 mln equity shares to 23 anchor investors. The company allocated the shares at 587 rupees, the upper end of its price band of 559-587 rupees.