Kaynes Technology stock lists at 32% premium over IPO price

Electronics manufacturing company Kaynes Technology India's stock was listed at a 32% premium over its issue price of ₹587 on Tuesday. It started trading at ₹778/share on the NSE and ₹775/share on the BSE. The ₹858-crore IPO of the Mysuru-based company was subscribed 34.16 times during the November 10-14 period. Qualified institutional buyers bought shares 98.47 times the allotted quota.