Kayans Tech to start today. How experts view listings

In its notice, BSE “Traded members of the Exchange are informed that with effect from Tuesday, November 22, 2022, the equity shares of Kaynes Technology India will be listed and accepted on the Exchange in the list of ‘B’ Group of Securities,” it said.

Meanwhile, NSE informed Coins that “the equity shares of the following companies will be listed and admitted for trading on the Exchange with effect from November 22, 2022. Trading will be as usual. market Segment – Compulsory Demat (Rolling Settlement) for all investors.

Kaynes IPO It was launched on 10 November and ended on 14 November. The IPO was oversubscribed 34.16 times. In terms of investors, the portion reserved for qualified institutional buyers (QIBs) was subscribed 98.47 times, while the portion reserved for non-institutional investors (NIIs) was subscribed 23.07 times and that for retail individuals 4.10 times. The allotment of equity shares in the IPO was done on 18 November.

The price band was fixed for the IPO 559 each and The face value of 587 each is 10 each.

Talking about the listing of Kaynes, Abhay Doshi, Founder, UnlistedArena.com said, “As D-Street ramps up with multiple IPOs and listings, investors remain very selective in IPOs. The response has been very good. The response. Despite being massively priced, the issue attracted investor interest as the electronics manufacturing industry is in focus and the order book is also strong. Recent positive listings should cheer the sentiment. The issue may list at a hefty premium of 35-40%.”

Moreover, Girish Sodani, head of equity markets at Swastika Investmart, believes that Kaynes Technology looks like another promising company for investors, which has been oversubscribed by 36 times and has a listing date of November 22.

Sodani said that “Kens Electronics is a Mysore-based company engaged in manufacturing and providing integrated solutions for Industrial, Automotive, Aerospace & Defense, Outer Space, Medical, Nuclear, Railways, Internet of Things (IoT), IT and other sectors. The company has capabilities across the entire spectrum of ESDM services. Kaynes has over 30 years of experience in providing conceptual design, process engineering, integrated manufacturing and life cycle support. These services have critical processes and careful integration. Therefore, We believe this can be continued growth in business and sustainability.”

Furthermore, Sodani said that there was an upper price band for the subscription. 587, and given the heavy participation from investors, Swastik Research expects the company to list around 820 per share means temporarily higher by 35-40%. Its GMP was hovering above till 21 November 230. Given the volatility in prices, investors will book partial listing profits within 1 day and a week. It can be bought later on dips for long term investment.

At the same time, Ravi Singhal, CEO of GCL Securities, said that the business model of the company is very good. he expects the listing to be in range 765 more 835. For the short term and long term, he suggested that investors hold Keynes stock to target price 1,000.

Kaynes has over three decades of experience in the full spectrum of Electronic Systems Design and Manufacturing (“ESDM”) services. It will be one of the first companies in India to offer design-based electronics manufacturing using Original Equipment Manufacturers (“OEMs”). Our mature embedded design capabilities.

Disclaimer: The views and recommendations given above are of individual analysts or broking companies and not of Mint.