Kaynes Technology IPO bought 34.15 times on last bidding day

The IPO of Kaynes Technology India, a manufacturer of electronic components

subscribers purchasing 35.75 crore shares against an offer size of 1.04 crore, or 34.15 times the offer size

The number of shares purchased by retail investors is 4.09 times the quota

while the number of shares purchased by employees is 11.85 times the quota.

Both qualified institutional buyers (who were allotted 98.47%) and high net worth individuals 

have purchased multiple multiples of their allotted shares.

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