Kaynes Technology India Ltd IPO
i. Kaynes Technology is an end-to-end and IoT solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing (“ESDM”) services. We have 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.
ii. Their business is classified based on the stage of services that we provide to our customers. They classify their operations under the following business verticals:
a. OEM – Turnkey Solutions – Box Build (“OEM – Box Build”): We undertake “Build To Print” or “Build to Specifications” of complex box builds, sub-systems and products across various industry verticals.
b. OEM – Turnkey Solutions – Printed Circuit Board Assemblies (“PCBAs”) (“OEM – Turnkey Solutions”): The company undertake turnkey electronics manufacturing services of PCBAs, cable harness, magnetics and plastics ranging from prototyping to product realization including mass manufacturing.
c. ODM: They offers ODM services in smart metering technology, smart street lighting, brush less DC (“BLDC”) technology, inverter technology, gallium nitride based charging technology and providing IoT solutions for making smart consumer appliances or devices IoT connected.
iii. Kaynes Technology operates eight strategically located manufacturing facilities across India in the states of Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, and Uttarakhand. Their facilities are located in proximity to our customers, allowing us to service their requirements efficiently and cost-effectively.
i. Internet of Things (“IoT”) solutions enabled integrated electronics manufacturing player with end-to-end capabilities across the Electronics System Design and Manufacturing spectrum.
ii. Diversified business model with portfolio having applications across industry verticals.
iii. Long-standing relationships with marquee customer base
iv. Global certifications for each industry vertical catered to and multiple facilities across India with advanced infrastructure
Objects of the Kaynes Technology India Ltd IPO:
Kaynes Technology India Ltd IPO Details:
|Open Date:||Nov 10 2022|
|Close Date:||Nov 14 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue|
|Issue Size:||857.82 Cr.|
|Lot Size:||25 Shares|
|Issue Price:||₹ 559-587 Per Equity Share|
|Listing Date:||Nov 22 2022|
Promoters And Management:
Financials of Kaynes Technology India Ltd IPO:
|Particulars (in crores)||Jun-22||Mar 22||Mar-21|
|Revenue from operations||199||706||420|
|Cost of Materials Consumed||158||493||282|
|Change in Inventories||-17||-3||3|
|Employee Benifit Expense||18||60||45|
|Profit (Loss) before tax||13||59||10|
|Profit (Loss) for the period||10||41||9|
|Earnings per share||2.14||8.93||2.15|
Comparison With Peers:
|Name of the Company||CMP||FV||EPS||P/E||Mcap(cr)|
|Kaynes Technology India Limited||587||10||8.93||66||3415|
|Dixon Technologies India Limited||4,529||2||32.05||116||26,873|
|Amber Enterprises India Limited||2,024||10||32.41||53||6,819|
|Syrma SGS Technology Limited||286||10||5.59||66||5,037|