Published on November 23rd, 2022 📆 | 7407 Views ⚑0
Kaynes Technology: Kaynes Technology lists at 32% premium
The stock however, gave up part of its gains before closing at ₹690.10, up 17.6% over its issue price. The ₹858-crore IPO, in which shares were sold in the price band of ₹559-587 between November 10 and November 14, was subscribed over 34 times.
The public issue consists of a fresh issue of ₹530 crore and an offer for sale worth ₹328 crore by the promoter and other shareholders.
Most analysts are optimistic about the company's long-term prospects.