Kaynes Technology India IPO Analysis @ Chanakyanipothi.com
the Oldest & the most Trusted Investment website in India. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 22 Years

Kaynes Technology IPO Promoters
RAMESH KUNHIKANNAN, SAVITHA RAMESH AND RK FAMILY TRUST

Kaynes Technology IPO Company Details

Kaynes Technology India is a leading 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. It has over three decades of 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. Its manufacturing infrastructure enables it to undertake a high-mix and high-value addition of products across industry verticals with the ability to produce such products at variable or flexible volumes. It is among the leading companies in the ESDM space to offer optimised product realization solutions to customers in flexible volumes and higher complexity products across industry verticals.

Kaynes Technology India was among the first companies in India to offer design-led electronics manufacturing to original equipment manufacturers using our mature embedded design capabilities. Over the years, it has gained technological expertise and evolved from an electronics manufacturing services provider into a design-led manufacturer providing value-add electronics manufacturing services and original design manufacturing solutions in the fields of smart devices, IoT solutions, brushless drive technology, and Gallium Nitride technology. It continues to place emphasis on integrating its services to
serve as an end-to-end ESDM provider. It believes that its foundation, including standardization of processes, processes incorporated at its manufacturing facilities, and continuous improvement across our key performance indicators will foster customer loyalty and generate repeat business.
For more information about the company, click www.kaynestechnology.co.in

Objects of the IPO
The company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.
2. Funding capital expenditure towards expansion of the existing manufacturing facility at Mysore, Karnataka, and near its existing manufacturing facility at Manesar, Haryana.
3. Investment in its wholly owned Subsidiary, Kaynes Electronics Manufacturing Private Limited, for setting up a new facility at Chamarajanagar, Karnataka
4. Funding working capital requirements of the Company

Go to SME IPOs Section: Click