The OFS comprises sale of up to 37 lakh equity shares by promoter Ramesh Kunhikannan and up to 35 lakh equity shares by existing shareholder Freny Firoze Irani.
The company, which filed preliminary IPO papers with Sebi in April, obtained its observations letter on October 6, an update with the regulator showed on Monday.
In Sebi's parlance, the observation implies its go ahead to launch IPO.
Going by the draft papers, proceeds from the fresh issue worth Rs 130 crore will be used to repay debt and Rs 98.93 crore will be utilised for funding capital expenditure for its manufacturing facilities at Mysore and Manesar.
Also, the company plans to use Rs 149.30 crore towards investment in its arm Kaynes Electronics Manufacturing Pvt Ltd for setting up a new facility at Chamarajanagar in Karnataka. It will use up to Rs 114.74 crore for funding working capital requirement and general corporate proposes.
Mysore-based Kaynes Technology 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.
It has experience in providing conceptual design, process engineering, integrated manufacturing and life-cycle support for major players in the automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways, IoT, Information Technology (IT) and other segments.
The company has eight production plants in Karnataka, Haryana, Himachal Pradesh<\/a>, Tamil Nadu and Uttarakhand. It has a total capacity of approximately 600 million components as of December 2021.
For FY21, the company posted a revenue of Rs 420.63 crore as against Rs 368.24 crore in the preceding fiscal. Net profit for the period under review was at Rs 9.73 crore as compared to Rs 9.35 crore in the previous financial year.
DAM Capital Advisors and IIFL Securities<\/a> are the book-running lead managers to the issue.<\/body>","next_sibling":[{"msid":94773018,"title":"5G to create 45,000 jobs over next 2 quarters","entity_type":"ARTICLE","link":"\/news\/5g-push-to-create-45k-jobs-in-next-2-quarters-staffing-cos\/94773018","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"94764781","title":"Kaynes Technology gets Sebi's go ahead to float IPO","entity_type":"IMAGES","seopath":"markets\/ipos\/fpos\/kaynes-technology-gets-sebis-go-ahead-to-float-ipo","category_name":"Kaynes Technology gets Sebi's go ahead to float IPO","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-9898\/94764781.cms?width=150&height=112","link":"\/image\/markets\/ipos\/fpos\/kaynes-technology-gets-sebis-go-ahead-to-float-ipo\/94764781"}],"msid":94773104,"entity_type":"ARTICLE","title":"Kaynes Technology gets Sebi's go ahead to float IPO","synopsis":"Also, the company plans to use Rs 149.30 crore towards investment in its arm Kaynes Electronics Manufacturing Pvt Ltd for setting up a new facility at Chamarajanagar in Karnataka. It will use up to Rs 114.74 crore for funding working capital requirement and general corporate proposes.","titleseo":"telecomnews\/kaynes-technology-gets-sebis-go-ahead-to-float-ipo","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":363,"shares":0,"engagementtimems":1018000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2022-10-11 07:36:52","lastupd":"2022-10-11 07:37:57","breadcrumbTags":["ipo","kaynes technology","sebi s","himachal pradesh","ktil","iifl securities","Devices","Kaynes Technology IPO","initial public offering"],"secinfo":{"seolocation":"telecomnews\/kaynes-technology-gets-sebis-go-ahead-to-float-ipo"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2022-10-11" data-index="article_1">
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凯恩技术印度证券交易委员会继续浮动IPO(首次公开募股)
同样,该公司计划使用149.30卢比向投资在其手臂凯恩电子制造业Pvt Ltd .)建立一个新工厂在卡纳塔克邦Chamarajanagar。它将使用114.74卢比资金营运资本需求和一般公司提出。
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凯恩技术印度有限公司(KTIL)已收到资本市场监管机构通过一个印度证券交易委员会继续筹集资金首次公开发行(首次公开募股)。股票的IPO由一个新鲜的问题聚集650卢比,和一个标价出售(OFS) 72多数股票启动子和现有股东,根据草案红鲱鱼招股说明书(DRHP)。
OFS包括销售高达37多数股票启动子拉梅什Kunhikannan和35多数股票由现有股东Freny Firoze伊朗人。
公司提交了初步IPO文件与印度证券交易委员会今年4月,获得观测信10月6日,与监管机构周一显示一个更新。
在印度证券交易委员会的说法,观察暗示其继续推出上市。
的论文草稿,所得新鲜值得130卢比的问题将被用于偿还债务和98.93卢比将利用资金资本支出的生产设施在迈索尔和Manesar。
同样,该公司计划使用149.30卢比向投资在其手臂凯恩电子制造业Pvt Ltd .)建立一个新工厂在卡纳塔克邦Chamarajanagar。它将使用114.74卢比资金营运资本需求和一般公司提出。
Mysore-based凯恩技术是领先的端到端和物联网(物联网)solutions-enabled集成电子制造业的球员,有能力在整个光谱的电子系统设计和制造服务。
提供概念设计经验,过程工程、集成制造和生命周期支持的主要参与者汽车、工业、航空航天和国防、太空、核能、医疗、铁路、物联网、信息技术(It)和其他领域。
在卡纳塔克邦公司拥有8个生产工厂,哈里亚纳邦喜马偕尔邦、泰米尔纳德邦和北阿坎德邦。它有一个总容量约6亿组件截至2021年12月。
FY21,该公司公布收益420.63卢比在前面的财政对368.24卢比。净利润的审查在9.73卢比比上一财政年度的9.35卢比。
大坝资本顾问和IIFL证券是book-running导致管理者的问题。
OFS包括销售高达37多数股票启动子拉梅什Kunhikannan和35多数股票由现有股东Freny Firoze伊朗人。
公司提交了初步IPO文件与印度证券交易委员会今年4月,获得观测信10月6日,与监管机构周一显示一个更新。
在印度证券交易委员会的说法,观察暗示其继续推出上市。
的论文草稿,所得新鲜值得130卢比的问题将被用于偿还债务和98.93卢比将利用资金资本支出的生产设施在迈索尔和Manesar。
同样,该公司计划使用149.30卢比向投资在其手臂凯恩电子制造业Pvt Ltd .)建立一个新工厂在卡纳塔克邦Chamarajanagar。它将使用114.74卢比资金营运资本需求和一般公司提出。
Mysore-based凯恩技术是领先的端到端和物联网(物联网)solutions-enabled集成电子制造业的球员,有能力在整个光谱的电子系统设计和制造服务。
提供概念设计经验,过程工程、集成制造和生命周期支持的主要参与者汽车、工业、航空航天和国防、太空、核能、医疗、铁路、物联网、信息技术(It)和其他领域。
在卡纳塔克邦公司拥有8个生产工厂,哈里亚纳邦喜马偕尔邦、泰米尔纳德邦和北阿坎德邦。它有一个总容量约6亿组件截至2021年12月。
FY21,该公司公布收益420.63卢比在前面的财政对368.24卢比。净利润的审查在9.73卢比比上一财政年度的9.35卢比。
大坝资本顾问和IIFL证券是book-running导致管理者的问题。
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