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Friday 20 Jun, 2025 03:55 PM

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Saravan Stocks

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Kaynes Technology gains on launching QIP

20-Jun-25 10:35 Hrs IST

The company's board authorized and declared the opening of the issue on Thursday, 19 June 2025.

The floor price of Rs 5,625.75 is at a premium of 0.34% to the scrip's previous closing price of Rs 5,606.80 on the BSE.

The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the book running lead managers appointed for the issue.

Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of electronics system and design manufacturing (ESDM) services.

The company's consolidated net profit jumped 43% to Rs 116.20 crore on a 54.5% increase in net sales to Rs 984.48 crore in Q4 FY25 over Q4 FY24.

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