Latest news with #MotilalOswalInvestmentAdvisors
Time of India
19 hours ago
- Business
- Time of India
Kaynes Technology shares in focus after launching Rs 1,600-crore QIP
Kaynes Technology 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)
Economic Times
19 hours ago
- Business
- Economic Times
Kaynes Technology shares in focus after launching Rs 1,600-crore QIP
Kaynes Technology 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. ADVERTISEMENT 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. 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. 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. ADVERTISEMENT 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 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. ADVERTISEMENT 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) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
