2 years, 1 month ago
Kaynes Tech IPO: GMP rises as last day of issue today. Check subscription status
Live MintKaynes Technology India Limited's initial public offering opened for public subscription on Thursday, November 10, 2022 and will conclude today i.e., Monday, November 14. Kaynes Tech IPO comprises fresh issue of equity shares worth ₹530 crore and an Offer For Sale of up to 55.85 lakh equity shares by a promoter and an existing shareholder. The OFS comprises sale of 20.84 lakh equity shares by promoter Ramesh Kunhikannan and 35 lakh equity shares by existing shareholder Freny Firoze Irani. “On the valuation front at the upper band of the IPO price Kaynes is demanding PE of 81.9x its TTM earnings attributable to post issue equity demanding a market cap of Rs.
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