Kaynes Technology IPO: The quota for qualified institutional buyers (QIBs) got subscribed 98.47 times while the category for non-institutional investors was subscribed 21.21 per cent. The portion for Retail Individual Investors (RIIs) received 4.09 times subscription and that for employees got subscribed 11.89 times.
Kaynes Technology has received a 'subscribe' rating from Ventura Securities with a price target of Rs 675 based on 30 times FY25 EPS, which represents a potential upside of 15% over the IPO price in 18 months