Kaynes Technology IPO – Review
Kaynes Technology Limited – a leading end-to-end and IoT solutions-enabled integrated “electronics manufacturer in India” is planning to raise INR 858 crore via IPO [Fresh Issue 530 Cr + OFS 328 Cr]
kaynes technology share price fixed at INR 587
Kaynes Technology: History
Incorporated in the year 2008, Kaynes Technology is a leading player in the field of the Electronics System & Design Manufacturing (ESDM).
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Kaynes Technology: Business
Kaynes Technology Limited was among the first companies in India to offer design-led electronics manufacturing to original equipment manufacturers (OEMs) using its mature embedded design capabilities.
The Company’s business is classified into following verticals –
- OEM (Turnkey Solutions – Box Build) (OEM–Box Build): The Company undertake Build to Print or Build to Specifications of complex box builds, sub-systems and products across various industry verticals.
- OEM (Turnkey Solutions – Printed Circuit Board Assemblies (OEM – Turnkey Solutions): The Company undertake turnkey electronics manufacturing services of PCBAs, cable harness, magnetics and plastics ranging from prototyping to product realization including mass manufacturing.
- ODM: The Company offer ODM services in smart metering technology, smart street lighting, brush less DC (BLDC) technology, inverter technology, gallium nitride based charging technology and providing IoT solutions for making smart consumer appliances or devices IoT connected.
- Product Engineering and IoT Solutions: The Company offer conceptual design and product engineering services in industrial and consumer segments. The Company services include PCB cladding or electrical schematics to embedded design and submitting proof of concept to prototyping. The Company also offer connected product engineering and solutions.
The Company has over three decades of experience in providing conceptual design, process engineering, integrated manufacturing and life-cycle support for major players in the field of –
- Automotive,
- Aerospace and defence,
- Industrial,
- Outer-space,
- Nuclear,
- Medical,
- Railways,
- Internet of Things (IoT),
- Information Technology (IT)
Manufacturing Facilities
The Company operates through eight strategically located manufacturing facilities across India in the states of Haryana, Himachal Pradesh, Karnataka, Tamil Nadu, and Uttarakhand.
Also Read: Archean Chemical IPO
Strategies Ahead
- Focus on full product / box build capabilities
- Leverage R&D capabilities to continue to diversify product portfolio and provide value-added services
- Focus on expansion across each vertical to capitalize on industry opportunity
- Continue to expand our customer base to focus on large customers
- Expand manufacturing capacity at our existing facilities and set-up additional strategically located facilities
- Pursue inorganic growth through selective partnerships and acquisitions
- Further improve operational efficiency through backward integration of manufacturing facilities
Promoters
Ramesh Kunhikannan “kaynes technology founder”
Savitha Ramesh, and
RK Family Trust
IPO DETAILS
Dates = 10 Nov 2022 to 14 Nov 2022
Face Value (FV) = INR 10
Issue Price = INR 559 to INR 587
Minimum Investment Amount = INR 14675
Minimum Bid = 25 Shares
Listing On = BSE, NSE
BOOK RUNNING LEAD MANAGERS
DAM Capital Advisors Limited, IIFL Securities Limited
FINANCIALS (Rs in Cr)
Conclusion
Considering the company’s financial parameters, FinBlab recommends NEUTRAL ratings on kaynes technology ipo
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