Kaynes Technology shares in focus after launching Rs 1,600-crore QIP
shares will be in focus on Friday after the
semiconductor manufacturing
company opened its qualified institutional placement (QIP) issue on Thursday to raise up to Rs 1,600 crore.
The company has set the floor price at Rs 5,625.75 per share, according to media reports. The indicative price range for the QIP is reportedly between Rs 5,344 and Rs 5,612 per share, implying a discount of up to 4.8% to the floor price.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Bank Owned Properties For Sale In Sawahan Dalam (Prices May Surprise You)
Foreclosed Homes | Search ads
Search Now
Undo
Also Read:
These 9 Nifty Microcap Index stocks trading below industry PE may rally up to 42%
Motilal Oswal Investment Advisors, Nomura, and
Axis Capital
are managing the issue.
Kaynes Technology India
is projecting revenue of around Rs 4,525 crore for FY26, with
EBITDA margins
expected to improve by 50 basis points to 15.6%, supported by a strong order book and new business executions.
Live Events
Jairam Sampath, Whole-Time Director & CFO, said the company anticipates robust
export growth
in the coming quarters. 'We will have some US major company orders getting executed. We will start doing additionally about Rs 200–300 crore of exports. These are US- and Europe-based companies in both aerospace and automotive segments,' he said.
Kaynes' OSAT (Outsourced Semiconductor Assembly and Test) and PCB (Printed Circuit Board) divisions, both largely export-focused, are expected to contribute significantly to its international revenue.
Recently, the company's subsidiary, Kaynes Semicon Pvt Ltd, entered into an asset purchase agreement with Fujitsu General Electronics Ltd of Japan to acquire production lines for power modules. The transaction was valued at 1.59 billion Japanese yen.
Also Read:
8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any?
Shares of Kaynes Technology closed 2.1% lower at Rs 5,608.8 on the
BSE
. The stock has declined 26% year-to-date but has gained 45% in the past 12 months.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
a few seconds ago
- Hans India
Poco Introduces M7 Plus 5G, Targeting Value-Conscious Buyers in India
Poco announced on Wednesday (August 13 2025) announced the Poco M7 Plus 5G launch smartphone designed for customers in the lower price bracketin India. It's IP64 certified for resistance to splashes. The latest Poco M7 Plus 5G features the 6.9-inch FHD+ display with an 144-Hz resolution and 700nits of peak brightness. M7 Plus 5G comes with a 7,000mAh Poco M7 Plus 5G battery that is backed by a charging 33W option. It also supports reverse charging. Poco uses Snapdragon 6s Gen 3 with up to 8GB of RAM and 128GB of storage in the M7 Plus 5G. It will be able to run on two OS and will get security updates for a period of four years. Virtual RAM of up to 8GB is also accessible. The rear camera of the Poco M7 Plus 5G is a 50-megapixel shooter, and the front Poco M7 Plus 5G camera is 8-megapixel for taking high-resolution photos from both front and back. Poco M7 Plus 5G will only be available through Flipkart from August 19 with an initial price of Rs12,999 for a 6 GB/128 GB version and $8 GB/128 GB version. Poco M7 Plus 5G: Price and Availability The Poco M7 Plus 5G price of ₹ 13,999 for the 6 GB RAM 128 GB storehouse variant and ₹ 14,999 for the 8 GB RAM 256 GB storehouse variant. Customers who are interested in copping the phone starting on the 19th of August at 12 pm( IST) on Flipkart. This 5G version of the Poco M7 will be available in three color options: Aqua Blue, Carbon Black as well as Chrome Silver. Poco offers immediate discount of Rs. 1,000 discount when you use HDFC, SBI, or ICICI Bank cards, or an additional amount of Rs. 1000 exchange reward on devices eligible. the duration of a limited-time launch promotion.
Indian Express
a few seconds ago
- Indian Express
Tata Power launches ‘Ghar Ghar Solar' in Pune
Tata Power Renewables, one of the country's top renewable energy players and a subsidiary of Tata Power, on Wednesday launched its flagship 'Ghar Ghar Solar' campaign in Pune. A special scheme 'Own a Rooftop Solar System' was also introduced ahead of Independence Day. The firm is actively involved in promoting solar energy adoption through the 'Ghar Ghar Solar' campaign that is also aligned with the PM Surya Ghar Yojana. Dr Praveer Sinha, CEO and MD, Tata Power Company Ltd, who was in Pune at the launch event, said by the year-end the aim is to ensure at least six lakh rooftop installations pan-India. Sinha spoke about the initiative with a special focus on Maharashtra. 'In Maharashtra, we are targeting to install 800-MW rooftop solar capacity over the next three years,' he said. As of July 2025, Tata Power Solaroof has achieved a cumulative installed rooftop solar capacity of 775 MWp (megawatt peak) in Maharashtra catering to 27,910 customers. In Pune, where the company already has a presence with 200-MW installed capacity, plans are underway to add a further 250 MW in the next three years. Announcing the key highlights of the new scheme, officials said it entails paying Rs 1,947 and owning the rooftop system, symbolic of the year of India's Independence. Elaborating, Sanjay Banga, CEO and MD of Tata Power Renewable Energy Ltd (TPREL), said it includes almost 100 per cent of system cost available as load, affordable EMIs, flexible financing tenures up to 60 months and complimentary one-year solar insurance for residential customers. 'This initiative aims to accelerate the adoption of residential rooftop solar by offering high-quality, affordable, and easily accessible solar energy solutions backed by trusted service,' he added. Tata Power Company has expressed strong interest in obtaining a distribution licence for Pune city and adjoining Haveli, Maval, Mulshi, and Khed. 'We have submitted our application to the Maharashtra Electricity Regulatory Commission for a licence to distribute electricity in Pune and adjoining areas. Yes, we are very much here,' Dr Praveer Sinha, CEO and MD, Tata Power Company Ltd said on Wednesday. 'MERC is reviewing our application and as per the process, a public hearing will be held,' Sinha said.
&w=3840&q=100)
Business Standard
a few seconds ago
- Business Standard
Tesco to set up distribution hub, create 15,000 jobs: K'taka Industries Min
UK-based retail giant Tesco plans to set up a new distribution centre in Karnataka, creating 15,000 additional jobs, Large and Medium Industries Minister M B Patil said on Wednesday. UK engineering major Rolls-Royce is also exploring fresh investments in the state, he said, adding that the government would expedite all necessary processes to facilitate the company's plans, his office said in a release. Patil made the announcement while addressing a reception hosted on Tuesday by the British Deputy High Commission to mark the signing of the IndiaUnited Kingdom Free Trade Agreement (FTA). The pact is projected to boost bilateral trade by about Euro 25 billion annually and help double trade volumes to nearly Euro 90 billion by 2030. The FTA would pave the way for duty-free access for 99 per cent of India's exports to the UK and 90 per cent of UK exports to India. This would mean more affordable products, greater market access for businesses, and a surge in commerce benefiting consumers and industries in both countries, he said. Patil noted that leading British firms such as Rolls-Royce, BAE Systems, Tesco, ARM, HSBC, and Aviva already have a strong presence in Bengaluru and across Karnataka, collectively employing nearly 30,000 people in the state. He said the FTA would enable UK companies to scale up investments in Karnataka and urged them to leverage the state's technology capabilities, infrastructure, and industry-friendly policies. The government will respond proactively to those keen on investing, he assured. According to the minister's office, the event was attended by Harjinder Singh, UK Trade Commissioner; Chandru Iyer, British Deputy High Commissioner; and other dignitaries.
