Kaynes Technology IPO subscribed over 34 times on Final Day; mobilizes Rs 21k cr

 

Mumbai: “Kaynes Technology India Limited”, has received bids of 35,76,20,400 shares against the offered 1,04,70,246 equity shares, at a price band of ₹559-587, according to the data available on the stock exchanges. Overall the issue was subscribed over 34 times on the last day of bidding.

The reserved portion for qualified institutional buyer portion saw a subscription of 98.47 times. The non-Institutional segment saw a response of 21.21 times. The employee portion was subscribed 11.89 times. The Retail Portion saw a subscription of 4.09 times. The issue kicked off for subscription on Thursday, November 10.

Cummulative Demand Schedule:

KAYNES TECHNOLOGY INDIA LIMITED Last updated on 14 Nov 2022 | 06:15:00 PM Sr.No. Category No.of shares offered / reserved No. of shares bid for No. of times of total meant for the category 1 Qualified Institutional Buyers (QIBs) 29,23,888 28,79,18,550 98.47 1(a) Foreign Institutional Investors (FIIs) - 6,79,30,600 - 1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) - 16,74,93,075 - 1(c) Mutual Funds - 1,88,27,925 - 1(D) Others - 3,36,66,950 - 2 Non Institutional Investors(NIIS) 22,55,858 4,78,36,550 21.21 2.1 Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) 15,03,905 3,47,01,125 23.07 2.1(a) Corporates - 14,56,875 - 2.1(b) Individuals (Other than RIIs) - 2,72,95,025 - 2.1(c) Others - 59,49,225 - 2.2 Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees) 7,51,953 1,31,35,425 17.47 2.2(a) Corporates - 29,650 - 2.2(b) Individuals (Other than RIIs) - 1,11,36,700 - 2.2(c) Others - 19,69,075 - 3 Retail Individual Investors (RIIs) 52,63,667 2,15,48,850 4.09 3(a) Cut Off - 1,73,87,425 - 3(b) Price Bids - 41,61,425 - 4 Employee Reserved 26,833 3,18,975 11.89 4(a) Employee (Cut off) - 2,85,500 - 4(b) Employee (Price) - 33,475 - 5 Reservation PortionShareholder - - - 5(a) RPS (Cut off) - - - 5(b) RPS (Price) - - - Total 1,04,70,246 35,76,22,925 34.16

Note :
1.The above data display includes demand for UPI & Non-UPI bids.
2.In case of UPI bids, only bids with status as RC100 – “Mandate Accepted by Investor and amount Blocked” are displayed.
3.The final demand display of UPI Bids shall be updated upto 7:00 PM on last day of IPO.