Page 33 - Kaynes Technology News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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.

Kaynes Technology has a diversified business model, strong and consistent financial performance and experienced management team

Kaynes Technology India Limited has fixed the price band at ₹559 to ₹587 per Equity Share for its maiden public offer of Equity Shares. The IPO will open on Thursday, November 10, 2022, for subscription and closes on Monday, November 14, 2022.

Nifty futures on the Singapore Exchange quoted 44 points, or 0.24 per cent, higher at 18,391.50. The level suggests further gains over Nifty's Monday's closing

Five Star Business Finance IPO: Retail individual investors' and qualified institutional buyers' portions got 3 per cent subscription, respectively, by 5 pm, while the non-institutional investors' category attracted 1 per cent of the total bids on Day 1.