Comments
Shares of Kaynes Technology India on Tuesday made a decent debut at the bourses.
After opening over 32 per cent higher at ₹775 (on the BSE) and at ₹778 (on the NSE), against the issue price of ₹587, the stock surrendered part of the gains on account of profit taking, to close at ₹690.10 (on the BSE) and at ₹685.25 (on the NSE). It recorded a gain of 17.56 per cent and 16.74 per cent on the BSE and NSE, respectively.
The stock witnessed a combined trading volume of 1.66 crore shares on both the exchanges.
About the company
The Mysore-based company is a leading end-to-end and IoT (Internet of Things) solutions-enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing services.
Integrated electronics manufacturing had raised ₹256.90 crore from 28 anchor investors by allotting 43.76 lakh shares at ₹587 a share. The investors included Malabar Investments, Ashoka Opportunities Fund (White Oak), Government Pension Fund Global, Nomura and Goldman Sachs.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.