Kaynes Technology India IPO
Kaynes Technology India Limited (KAYNES) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 22 November 2022.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +25.6% (likely range +23% to +38%), day's high +37.5%, chance of a gain 92%. Actual: +32.5% at the open, +33.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 29,23,888 | 28,79,18,550 | 98.5x | |
| NII (HNI) total | 22,55,858 | 4,78,38,650 | 21.2x | |
| Big NII (above ₹10 lakh) | 15,03,905 | 3,47,01,125 | 23.1x | |
| Small NII (₹2-10 lakh) | 7,51,953 | 1,31,37,525 | 17.5x | |
| Retail | 52,63,667 | 2,15,82,375 | 4.10x | |
| Employees | 26,833 | 3,19,925 | 11.9x | |
| Total | 1,04,70,246 | 35,76,59,500 | 34.2x |
Bids on NSE and BSE together, as published by NSE, as of 14 Nov 2022, 07:00 PM. Shares offered exclude the anchor portion. 5% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Kaynes Technology India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Syrma SGS TechnologyAug 2022 | 87.6x | 17.5x | 5.53x | 32.6x | ₹911 Cr | +18.2% | +41.8% |
| Campus ActivewearApr 2022 | 152x | 22.3x | 7.68x | 51.8x | ₹1,400 Cr | +23.3% | +43.1% |
| Home First Finance Company IndiaJan 2021 | 52.5x | 39.0x | 6.59x | 26.7x | ₹1,156 Cr | +19.5% | +23.6% |
| Bikaji Foods InternationalNov 2022 | 80.6x | 7.10x | 4.77x | 26.7x | ₹881 Cr | +7.6% | +11.6% |
| Electronics Mart IndiaOct 2022 | 62.3x | 24.5x | 12.8x | 29.4x | ₹527 Cr | +52.5% | +54.2% |
| MedPlus Health ServicesDec 2021 | 112x | 85.3x | 5.23x | 52.6x | ₹1,428 Cr | +30.6% | +43.7% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| DAM Capital Advisors Limited (Formerly IDFC Securities Limited) and IIFL Securities | 3 | +18.0% | 100% |
Offer documents (NSE)
Frequently asked
What is the Kaynes Technology India IPO price band and lot size? ₹559–587 per share, with a lot of 25 shares, so the smallest retail bid is ₹14,675.
How many times has it been subscribed? 34.2x overall: QIB 98.5x, NII 21.2x, retail 4.10x, employees 11.9x.
How did it list? It opened at ₹778, +32.5% against the issue price of ₹587, and closed its first day +17.5%.
