Kaynes Technology IPO Allotment Today: Check status online, grey market premium; stock listing on 22 Nov Kaynes Technology IPO Allotment: Kaynes Technology India IPO, which was subscribed 34.16 times over the 1.04 crore shares that were on offer, will finalise the basis of share allotment on 17 November 2022. The initiation of refunds or unblocking of funds from ASBA account will take place on Friday, and the equity shares will get credited to allottees demat account on 21 November, according to the red herring documents. Kaynes Technology India shares are likely to debut on stock exchanges on 22 November. The IPO shares were commanding a grey market premium (GMP) of Rs 180 apiece, according to the people who deal in unlisted shares of the companies. The price band was fixed in the range of Rs 559-587 per share. Nifty to hit 19300 as dollar index, crude oil prices fall; 2 sectors may emerge as dark horses | INTERVIEW To check the share allotment status, select the company name as ‘Kaynes Technology India — IPO’ from the drop-down list on the Link Intime India website when it gets declared. Check box either PAN, Application Number or Depository/Client ID. Accordingly, enter the permanent account number or Application Number or Depository/Client ID in the box. Enter the given captcha in the provided space and click the submit button. This will display the number of shares that have been applied and allotted to the investor. Sensex, Nifty at new 52-week highs; is there more steam left? Check Sandip Sabharwal’s top bets | INTERVIEW Another way to check the allotment status in Kaynes Technology India is through the BSE website. Select ‘equity’ as the issue type, and ‘Kaynes Technology India’ as the issue name from the drop-down list, when it gets declared. Enter the application number and PAN (permanent account number). Click on ‘I am not a Robot’. In the last step, click on the search tab to view the status details.
Also Read: Zerodha’s Nikhil Kamath tells when to buy stocks, shares Buffett formula to find the right time
FII and DII trades: Foreign Institutional Investors (FII) have been net buyers of domestic stocks for successive days now. On Wednesday, FIIs pumped in Rs 2,347 crore. Domestic Institutional Investors (DII) have been net sellers, pulling out Rs 510 crore yesterday.
IPO watch: Syrma SGS Technology enters the final day of bidding today. So far the issue, that opened last week, has been subscribed 2.27 times. Retail investors have subscribed their portion 2.66 times while NIIs have bid for their quota 3.58 times and QIB portion has been bid for 0.71 times.