KAYNES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kaynes Technology filed monitoring agency reports covering three fundraises for Q1FY26. The November 2022 IPO (Rs 987.82 crore gross, Rs 623.87 crore net) is now fully deployed — borrowings were repaid, Mysuru/Manesar manufacturing capex completed, Chamarajanagar subsidiary investment and working capital funded as planned, with only Rs 9.04 crore of contingency left in the escrow account. The December 2023 QIP (Rs 1,400 crore gross, Rs 1,374 crore net) has utilized Rs 737.38 crore so far across the OSAT facility, PCB facility, and general purposes, while Rs 636.62 crore remains parked in fixed deposits earning 4.5%-7.83%. The freshly concluded June 2025 QIP (Rs 1,600 crore gross, Rs 1,574.97 crore net) has just begun — Rs 1,200 crore was used in the quarter, mostly to repay cash credit and WCDL borrowings (Rs 840.5 crore) and fund acquisitions of August Electronics and Digicom Electronics (Rs 311 crore). No material deviations were flagged in any of the three issues.
All three fundraises are being used as disclosed, with no major misuse or governance red flags — reassuring for shareholders. The bulk of the 2023 QIP (OSAT and PCB facilities) and nearly all of the new Rs 1,600 crore QIP is still to be deployed, so execution on capex and acquisitions in coming quarters will be the key things to watch.