ETMarkets.comMumbai: The ₹858-crore public issue of Kaynes Technology India was subscribed over 34 times on Monday - the last day of bidding. The issue received bids for 357.6 million shares against the offered 10.5 million shares.
The IoT (Internet of Things) solutions-enabled integrated electronics manufacturer sold its shares at a price band of ₹559-587.
The portion reserved for the qualified institutional buyers was subscribed 98.47 times, while the non-institutional investor's segment saw bids of 21.21 times. The retail investor portion was subscribed 4.09 times.
The IPO consisted of a fresh issue of shares aggregating to ₹530 crore and an offer for sale of up to ₹328 crore by the promoter and other shareholders.
DAM Capital Advisors and were the bankers on the issue.
The IoT (Internet of Things) solutions-enabled integrated electronics manufacturer sold its shares at a price band of ₹559-587.
The portion reserved for the qualified institutional buyers was subscribed 98.47 times, while the non-institutional investor's segment saw bids of 21.21 times. The retail investor portion was subscribed 4.09 times.
The IPO consisted of a fresh issue of shares aggregating to ₹530 crore and an offer for sale of up to ₹328 crore by the promoter and other shareholders.
DAM Capital Advisors and were the bankers on the issue.
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