The IPO comprised a recent problem of Rs 530 crore value shares and a proposal on the market (OFS) by promoters and shareholders to the tune of Rs 327 crore.
The allotment of shares for Mysore-based Kaynes Know-how will happen on Thursday, November 17.
Bidders who’re awaiting their share allocation can examine their software standing on the BSE web site and the web site of its official registrar, Hyperlink Intime India Personal Ltd.
Tips on how to examine share allotment standing
– After logging in to the BSE web site enter your software quantity
– Enter PAN particulars and click on the submit button. The share allotment particulars will seem in your display.
Shares will listing on the bourses on November 22. The IPO of Kaynes Applied sciences was open between November 10 – November 14. It had a recent problem of Rs 530 crore and a proposal on the market value Rs 327 crore.
The supply was subscribed 34.16 occasions through the three-day interval. It obtained bids for over 35 crore shares in comparison with the 1.04 crore shares on supply.
The listing of anchor traders consists of Nomura, Goldman Sachs, ICICI Prudential Mutual Fund (MF), Axis MF, Aditya Birla Solar Life MF, Tata MF, HDFC MF, and WhiteOak Capital.
Kaynes Know-how gives end-to-end and IoT options, and is an built-in electronics manufacturing participant. It has capabilities throughout your entire spectrum of Electronics system and design manufacturing (ESDM) corporations.
As per reviews earlier on Thursday morning, the gray market premium for the shares is as excessive as Rs 120, indicating that the shares might listing at a considerable premium to its IPO value of Rs 587.