Kaynes Technology Launches ₹1,600 Crore QIP, Sets Floor Price at ₹5,625.75 per Share

Electronics and semiconductor solutions provider Kaynes Technology India Ltd. has launched a Qualified Institutional Placement (QIP) to raise up to ₹1,600 crore, setting the floor price at ₹5,625.75 per share, according to regulatory filings. The fundraising initiative, approved by the board and shareholders earlier this year, is aimed at accelerating overseas expansion, reducing debt, and fueling technology investments.

💼 Key Highlights of the QIP

  • Floor Price: ₹5,625.75 per share
  • Indicative Price Range: ₹5,344–₹5,612 per share (up to 4.8% discount)
  • Bookrunners: Motilal Oswal Investment Advisors, Nomura, Axis Capital
  • Promoter Stake Sale: Up to 28.5 lakh shares (4.67% of pre-issue equity)

📈 Strategic Use of Funds

Proceeds from the QIP will be used for:

  • Debt prepayment and working capital
  • Capital expenditure and inorganic growth
  • Development of the Kayne Centre, a science and technology hub
  • Expansion of semiconductor assembly and testing (OSAT) capabilities

🌍 Global Growth and Export Focus

Kaynes is targeting ₹4,525 crore in revenue for FY26, with EBITDA margins expected to improve to 15.6%. The company is executing large export orders from US and European clients in the aerospace and automotive sectors.

Its subsidiary, Kaynes Semicon Pvt Ltd, recently acquired power module production lines from Fujitsu General Electronics Ltd. of Japan, further strengthening its global manufacturing footprint.

Stay tuned for investor response and allocation outcomes.

Leave a Reply

Your email address will not be published. Required fields are marked *