During Wednesday’s trading session, shares of a leading end-to-end IoT solutions-enabled integrated electronics manufacturer are in focus on the stock exchanges, after successfully raising Rs. 1,600 crores via a Qualified Institutions Placement (QIP) from multiple Mutual Funds, including HSBC, Motilal Oswal & Nomura.
With a market cap of Rs. 37,064.4 crores, the shares of Kaynes Technology India Limited hit an intraday high at Rs. 5,881.35 on BSE, up by around 1.5 percent, as against its previous closing price of Rs. 5,795.15. The stock has delivered positive returns of around 43 percent in one year, but has fallen by over 3 percent in the last one month.
What’s the News
According to the latest filings with the stock exchanges, the Fund-Raising Committee of Kaynes Technology India Limited has officially closed its Qualified Institutional Placement (QIP), raising Rs. 1,600 crores. The issue was opened on 19th June 2025, and concluded successfully on June 24.
The Board approved the allotment of nearly 28.73 equity shares, fully paid-up equity shares, to eligible qualified institutional buyers. These shares were issued at Rs. 5,569.5 each, which includes a premium of Rs. 5,559.5 per share and a discount of Rs. 56.25 per share (1 percent lower than the floor price of Rs. 5,625.75 per share).
Some of the key investors who were allotted more than 5 percent of the equity shares under this QIP include well-known names such as Motilal Oswal Mutual Fund, HSBC Mutual Fund, Nomura Funds, Kotak Mahindra AMC, Nippon Life India, Axis Mutual Fund, ICICI Prudential Life Insurance, HDFC Mutual Fund, and HDFC Life Insurance Company.
Financials & more
Kaynes reported a significant growth in its revenue from operations, showing a year-on-year rise of around 54 percent from Rs. 637 crores in Q4 FY24 to Rs. 984 crores in Q4 FY25. Similarly, its net profit increased during the same period from Rs. 81 crores to Rs. 116 crores, representing a growth of around 43 percent YoY.
As of FY25, the company has a consolidated order book of Rs. 6,597 crores, as against Rs. 4,115.2 crores reported in FY24.Kaynes Technology India Limited is a leading end-to-end and IoT solutions provider enabling electronics manufacturing players, with capabilities across the entire spectrum of Electronics System and Design Manufacturing (ESDM) companies.
The company provides 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.
The total capital expenditure planned for the semiconductor business is approximately Rs. 3,400 crore, while around Rs. 1,400 crore is allocated for the printed circuit board (PCB) segment.
Written by Shivani Singh
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