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"Kaynes Technology IPO listing today": lists 32% higher from issue price

Kaynes Technology IPO GMP today: The scrip of Internet of Things solutions-enabled integrated electronics manufacturer Kaynes Technology India got listed at Rs 778.00 apiece on the NSE, thereby registering a gain of 32.54 per cent from its offer price of Rs 587.00.



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Kaynes Technology


Shares of IoT solutions-enabled integrated electronics manufacturer Kaynes Technology India made a strong debut on Tuesday, getting listed at a premium of over 32 per cent from their issue price on the stock exchanges.

The scrip got listed at Rs 778.00 apiece on the National Stock Exchange (NSE), thereby registering a gain of 32.54 per cent from its offer price of Rs 587.00, while on the BSE, it opened at Rs 775.00, up 32.03 per cent from the issue price. The stock further rose from its opening levels and touched a high of Rs 787.00 on the BSE and Rs 786.00 on the NSE during the first 30 minutes of trade.


The scrip was trading at Rs 677.50 on the BSE At 10:30 am, up 15.42 per cent from the issue price while on NSE it was at Rs 685.10, up 16.71 per cent. The market capitalization stood at Rs 3,935.37 crore, data from the BOMBAY STOCK EXCHANGE (BSE) showed.


Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India. Kaynes has capabilities across the entire spectrum of ESDM services.


Kaynes has over three decades of 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, Internet of Things (“IoT”), Information Technology (“IT”) and other segments.


Kaynes has advanced manufacturing infrastructure that enable Kaynes to manufacture products at variable or flexible volumes across all industry verticals.


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