During Friday’s trading session, shares of a leading semiconductor and electronics manufacturing company were in focus after it launched a Qualified Institutional Placement (QIP) to raise up to Rs 1,600 crore.
With a market capitalisation of Rs 36,700 crore, shares of Kaynes Technology India Ltd surged nearly 4% on Friday, hitting an intraday high of Rs 5,839.50 compared to the previous close of Rs 5,612.00. The stock has delivered positive returns of around 51 percent in one year.
According to the latest regulatory filing, the Board of Kaynes Technology India Limited has approved the launch of a Qualified Institutional Placement (QIP) on 19th June 2025, to eligible qualified institutional buyers, with the aim of raising up to Rs 1,600 crore. The company has set a floor price of Rs 5,625.75 per equity share for the issue.
This decision follows earlier approvals first by the Board of Directors in its meeting held on January 22, 2025, and subsequently by shareholders through a special resolution passed at the Extraordinary General Meeting held on February 14, 2025.
During its meeting on 19th June, the Fund Raising Committee formally approved the opening of the issue, confirmed the floor price, and adopted the preliminary placement document dated the same day.
As per the regulatory filing, the company may, at its discretion, offer a discount of up to 5% on the floor price. The final issue price will be determined by Kaynes Technology in consultation with the Book Running Lead Managers.
Kaynes Technology India Limited is a leading end-to-end and IoT-enabled integrated electronics manufacturer in India, with over 34 years of experience in ESDM services. The company provides conceptual design, process engineering, integrated manufacturing, and lifecycle support to OEMs across sectors such as automotive, aerospace & defence, industrial, medical, railways, and IT/IoT.
It operates 8 manufacturing plants and 2 service centres, serving 250+ clients across 3 continents. With 1,500+ employees, 10 global certifications, and 250,000 sq. ft. of infrastructure across 7 Indian cities. Its current order book stands at Rs 6,596.9 crore
Coming into financial highlights, Kaynes Technology’s revenue has increased from Rs. 1,805 crore in FY24 to Rs. 2,722 crore in FY25, which has increased by 50.8 percent. The net profit has also increased by 60.11 percent, from Rs. 183 crore in FY24 to Rs. 293 crore in FY25, and the company has delivered good profit growth of 96.7% CAGR over the last 5 years.
Written By Rohan Pandey
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
