The reserved portion for qualified institutional buyer portion saw a subscription of 98.47 times, while Non-Institutional segment saw a response of 21.21 times.

Employee portion was subscribed 11.89 times, while Retail Portion saw a subscription of 4.09 times.

Kaynes Technology India Limited, an 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, has received bids of 35,76,20,400 shares against the offered 1,04,70,246 equity shares, at a price band of Rs.559-587, according to the data available on the stock exchanges. Overall the issue was subscribed over 34 times on the last day of bidding.

The reserved portion for qualified institutional buyer portion saw a subscription of 98.47 times, while Non-Institutional segment saw a response of 21.21 times.

Employee portion was subscribed 11.89 times, while Retail Portion saw a subscription of 4.09 times.

The issue kicked off for subscription on Thursday, November 10.

The issue with a face value of Rs.10 per Equity Share consists of a fresh issue of Equity Shares aggregating to Rs. 530 crore (the “Fresh Issue”), and an offer for sale of up to 5,584,664 Equity Shares by Promoter and other Selling Shareholder. The offer also includes a reservation of up to Rs.1.5 crore for subscription by eligible employees.

DAM Capital Advisors Limited and IIFL Securities Limited are the BRLMs to the Offer and Link Intime India Private Limited is the registrar to the Offer.