Keynes Technology IPO Listing Today:
Keynes Technology India makes strong debut, up 32% from issue price.
Keynes Technology IPO date, price, review: Shares of IoT solutions-enabled integrated electronics maker Keynes Technology India made a strong debut on Tuesday, listing on stock exchanges at a premium of over 32 per cent to their issue price.
The scrip was listed at Rs 778.00 apiece on the National Stock Exchange (NSE), thereby registering a gain of 32.54 per cent from its offer price of Rs 587.00, while it opened at Rs 775.00, up 32.03 per cent on the BSE. Issue price
The stock rose further from its opening levels and touched Rs 787.00 on BSE and Rs 786.00 on NSE in the first 30 minutes of trade.
At 10:30 am, the scrip was trading 15.42 per cent higher than the issue price at Rs 677.50 on BSE and 16.71 per cent higher at Rs 685.10 on NSE. Figures from BSE show that the market capitalization is Rs 3,935.37 crore.
Over 1.02 crore shares of Keynes Technology India were traded on the NSE so far, while 5.70 lakh shares were exchanged on the BSE, data from the respective stock exchanges showed.
Mysore-based Cairns Technology India is an end-to-end, IoT (Internet of Things) solutions-enabled integrated electronics manufacturing player with capabilities across the full spectrum of electronics system design and manufacturing services.
Commenting on the listing, Pravesh Gaur, Senior Technical Analyst, Swastika Investmart said, “Keynes Technology has reported strong financial growth, especially in recent years, and its margins have also improved significantly. It has a diversified business and customer profile and strong expansion in order book; Hence, allottees who applied for public issue for listing premium are advised to maintain stop loss at Rs 710 and wait for further upside, but those with medium to long term view can maintain stock loss at Rs 680.