Kaynes Technology Share Price Rises 4% After QIP Launch to Raise ₹1,600 Crore

Market Performance: Kaynes Technology Share Price Today

On June 20, Kaynes Technology's share price surged by 3.9% intraday, hitting a high of ₹5,825.50 on the NSE.

Key Performance Highlights:

• Current Price: ₹5,825.50
• Day's Gain: +3.9%
• 52-Week High: ₹7,824.95 (January 2025)
• 52-Week Low: ₹3,729.70 (July 2024)
• 1-Year Return: +45%
• Month-to-Date (June): -5%
• May Return: +4%
• April Return: +21%
• March Return: +14.5%
• February Decline: -13.5%
• January Correction: -35%

Despite a sharp correction earlier this year, the stock has experienced a robust recovery over the last three months until June.

Main News: ₹1,600 Crore QIP Issue Opens.

Kaynes Technology's share price surged following the launch of its Qualified Institutional Placement (QIP) to raise to ₹1,600 Crore.

• QIP Opened: June 19
• Floor Price Set At ₹5,625.75 per share
• Premium Over Last Close: +0.3%

The fundraising is being handled by Motilal Oswal Investment Advisors, Nomura, and Axis Capital.

This move is designed to strengthen the company's financial position as it expands its manufacturing and semiconductor capabilities globally.

Company Details: Strategic Expansion & Global Outreach

Kaynes Technology continues to expand its global footprint, both organically and through acquisitions.

International Deal with Fujitsu General Electronics Ltd

• Subsidiary Involved: Kaynes Semicon Pvt Ltd
• Deal Type: Asset Purchase Agreement
• Company Acquired From: Fujitsu General Electronics Ltd, Japan
• Valuation: ¥1.59 billion (Japanese Yen)
• Key Asset: Production lines for power modules

This acquisition further boosts Kaynes' semiconductor manufacturing capabilities, especially in power modules, a critical component for high-growth industries.

Growing Export Pipeline

• Orders from major US companies are to be executed soon
• Expected export boost: ₹200–₹300 Crore
• Export regions: USA & Europe
• Key Sectors: Aerospace and Automotive

The management highlighted that export growth is expected to play a crucial role in driving future revenues.

Financial Data Overview

Revenue

• Projected FY26 Revenue: ₹4,525 Crore
• Backed by a strong order book and diversified client base

EBITDA

• Expected EBITDA Margin for FY26: 15.6%
• This marks a 50 basis point increase from previous levels

These figures reflect Kaynes Technology's solid business fundamentals and strategic foresight in capturing emerging industry opportunities.

Summary of the Article

The Kaynes Technology share price jumped by nearly 4% after the company launched a ₹1,600 Crore QIP issue to fund future growth. The issue was priced at a marginal premium and is managed by top investment advisors.

The company is executing strategic moves, such as acquiring production assets from Japan's Fujitsu and expanding exports in the aerospace and automotive sectors. Despite recent volatility in the share price, Kaynes has delivered a strong 1-year return of +45%, positioning itself well for future expansion in semiconductors and electronics manufacturing.