Investment24 Jun 2025, 08:52 pm
Kaynes Technology India Ltd Raises ₹ 15,999.99 Million Through QIP
AI Summary
Kaynes Technology India Ltd has successfully raised ₹ 15,999.99 million through a Qualified Institutions Placement (QIP). The company issued 28,72,788 fully paid-up Equity Shares at an issue price of ₹ 5,569.50 per Equity Share (including a premium of ₹ 5,559.50 per Equity Share) which includes a discount of ₹ 56.25 per Equity Share (1.00% of the floor price). The QIP opened on June 19, 2025 and closed on June 24, 2025.
Key Highlights
- Kaynes Technology India Ltd raised ₹ 15,999.99 million through a QIP
- The company issued 28,72,788 fully paid-up Equity Shares
- The issue price was ₹ 5,569.50 per Equity Share with a premium of ₹ 5,559.50 per Equity Share
- A discount of ₹ 56.25 per Equity Share was offered
- The QIP opened on June 19, 2025 and closed on June 24, 2025