In this article, you can find information about the Kaynes Technology IPO GMP today, including the share price, date, lot size, and other data. The Kaynes Technology IPO started on November 10, 2022, and will end on November 14, 2022, with a total amount of 857.82 Crore.
Kaynes Technology IPO
The price range for each share in the company’s initial public offering (IPO) is 559 to 587 rupees. The IPO is open to three types of investors: 1) Qualified Institutional Buyers, 2) Retail Individual Investors, and 3) Non-Institutional Investors.
Please read this story to learn more about the IPO. Kaynes Technology is a fully integrated electronics production player that offers a full range of services for designing and making electronics.
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Kaynes Technology IPO GMP
The company has a lot of experience working with big names in fields like automotive, industrial, aerospace and defence, outer space, nuclear, medical, railways, the Internet of Things, information technology, and others. They offer a wide range of services, such as conceptual design, process planning, integrated manufacturing, and support for the product’s entire life cycle.
With a large and varied customer base, the business has long-lasting ties with clients all over the world. During the three months that ended on June 30, 2022, the company provided services to 229 customers in 21 countries.
These customers came from many different industries, such as automotive, aerospace and defense, industrial, trains, medical, and IT/ITES.
Kaynes Technology IPO GMP Today
Kaynes Technology India Ltd has a solid supply chain network that has been around for a long time. The company has built long-term, strong ties with its suppliers both inside and outside of India. This has led to better credit terms. It works with more than 871 vendors right now, getting goods from places like Asia, Europe, North America, Singapore, and India.
The top 10 providers have been working with the company for more than 10.80 years as of June 30, 2022. Kaynes Technology India Ltd has put in a lot of work over the years to set up reliable production methods and rules.
The company follows international rules and has many international licenses to prove it. By doing this, its activities have to meet specific customer, industry, legal, health, safety, environmental, social, and governance requirements.
Kaynes Technology IPO date
Kaynes Technology India Ltd. is a business that makes electronics from start to finish. It specializes in the Electronics System Design and Manufacturing spectrum. Powered by solutions for the Internet of Things (“IoT”), the company uses cutting-edge engineering to make high-tech things for many different industries.
Kaynes Technology India Ltd. has a wide range of products for businesses like automotive, telecom, aerospace and defense, space, medical, Internet of Things (IoT), and industrial. By working with various industries with different business and industry cycles, the company makes sure to have a steady income and is less likely to be affected by downturns in certain verticals.
Since it started, Kaynes Technology India Ltd. has made money every year. It is confident that its financial and operational success will allow it to take advantage of good industry trends.
What Are the Risks of Kaynes Technology IPO?
Kaynes Technology India Ltd makes most of its money by selling the products of its clients. In the fiscal years 2020–2022, its top 10 clients contributed a big chunk of its operating income. But the amount of money these clients have brought in has changed over the past three fiscal years, and the company hasn’t been able to get as many new clients.
Also, there are no long-term contracts with these clients. This means that losing one or more of them or having less demand for their goods could hurt the company’s finances and cash flow. For the three months ending June 30, 2022, Kaynes Technology India Ltd had negative cash flows from working activities.
This could affect its ability to run its business and carry out plans for growth. Also, the company can’t make products without a steady source of semiconductors from foreign markets. Changes in exchange rates or problems with getting things on time could hurt the company’s finances, operations, performance, and future chances.
The automotive, railroad, industrial, medical, information technology, Internet of Things, aerospace, and defense businesses, among others, are very important to the company.
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In Fiscal 2022, most of the company’s operating income came from the automotive and industrial areas. If these businesses go down, it could hurt the company’s operations, growth, and profits.
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Frequently Asked Questions
How Much Does the Indian Kaynes Technology Initial Public Offering (Ipo) Cost for Average Investors?
Kaynes Technology India’s first public sale will cost between $559 and $587. The business is also giving a deal to 15 customers.
Can I Buy Shares in the Kaynes Technology IPO Through UPI?
You can buy in the Kaynes Technology India IPO through UPI. When you fill out an online application, you can use ASBA and UPI. When you send in an actual application, you need a UPI.