Kaynes Technology India Ltd |
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| Initial public offering of 14,613,624^ equity shares of face value of
(Rs)10 each ("Equity Shares") of Kaynes Technology India Limited ("Company" or "Issuer") for cash at a price of (Rs)587 per equity share (including a share premium of (Rs)577 per equity share) ("Offer Price") aggregating to
(Rs)857.82 crores^ (the "Offer") comprising a fresh issue of 9,028,960^ equity shares aggregating to (Rs)530.00 crores^ by the company (the "Fresh Issue") and an offer for sale of 5,584,664^ equity shares aggregating to
(Rs)327.82 crores^, comprising 2,084,664^ equity shares by Ramesh Kunhikannan aggregating to (Rs)122.37 crores^ ("Promoter Selling Shareholder") and 3,500,000^ equity shares by Freny Firoze Irani aggregating to (Rs)205.45 crores^ ("Investor Selling Shareholder" and together with promoter selling shareholder, the "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares") (such offer for sale by the selling shareholders, the "Offer for Sale" and together with the fresh issue, "The Offer").
The offer included a reservation of 25,553^ equity shares aggregating to
(Rs)1.5 crores^ (constituting 0.04 % of the post offer paid-up equity share capital), for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as "Net Offer". The offer and net offer constitutes 25.13 % and 25.09 %, respectively, of the post-issue paid-up equity share capital of the company.
The company has, in consultation with the brlms, undertaken the pre-ipo placement of 2,338,760 equity shares at a price of (Rs)555.85 per equity share (including a premium of (Rs)545.85 per equity share) aggregating to
(Rs)130.00 crores the face value of equity shares is (Rs)10 each.
The offer price is 58.70 times the face value of the equity shares.
^Subject to finalisation of the basis of allotment.
Bids can be made for a minimum of 25 equity shares in multiples of 25 equity shares thereafter. |
| Issue |
Money Payable On |
| Opened On |
Closed On |
Offer Price |
Application Money |
Allotment Money |
| 10-Nov-22 |
14-Nov-22 |
( )587.00 |
( )587.00 |
( )0.00 |
| Minimum Application for shares in Nos :25 Further Multiples of :25 |
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( Cr) |
Lead Managers to the Issue |
| Project Cost |
625.74 |
| Dam Capital Advisors Ltd | | IIFL Securities Ltd |
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| Project Financed through Current Offer |
857.82 |
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| Post Issue Equity Share Capital |
58.14 |
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| Face Value |
10 |
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| Issue Price |
( )587.00 |
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