Kaynes Technology IPO: Shares Lists At Strong Premium, 32% Higher From Issue Price

The shares of Kaynes Technology India Ltd made a strong market debut on Tuesday, November 22, trading at 778 rupees per share on the NSE, a premium of more than 32% over its IPO issue price of Rs 587 per share. Kaynes Technology shares began trading on the BSE for Rs 775 per share. During the first 30 minutes of trading, the stock gained further from its opening levels, reaching a high of Rs 787.00 on the BSE and Rs 786.00 on the NSE.

At the time of writing, 11.26 AM, the stock is trading at Rs 713.10 per share on NSE, 21.48% up. While, on BSE, the stock is trading at Rs 713.20 per share, 21.50 up.

According to data from the respective stock exchanges, over 1.23 crore shares of Kaynes Technology India have been traded on the NSE, while around 6.63 lakh shares have been traded on the BSE.

About the Kaynes Technologies

Incorporated in 2008, Kaynes Technology India Ltd (KTIL) is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. KTIL provides conceptual design, process engineering, integrated manufacturing and life-cycle support for major players in the automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways, IoT, IT/ITES and other segments. KTIL operates 8 manufacturing facilities across India in the states of Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, Uttarakhand, Kerala and Maharashtra.