Kaynes Technology IPO set to open on Nov 10
New Delhi: The initial share-sale of Kaynes Technology India Limited (KTIL), an IoT solutions-enabled integrated electronics manufacturing company, will kick off for public subscription on November 10. The Initial Public Offering (IPO) will conclude on November 14 and the bidding for anchor investors will open on November 9, according to the Red Herring Prospectus (RHP).
The company has cut fresh issue size to Rs 530 crore from Rs 650 crore planned earlier. Besides, there would be an Offer For Sale (OFS) of up to 55.85 lakh equity shares by a promoter and an existing shareholder.