Settlement of money for investment! Cans Technology India Limited’s IPO to come on November 10, price band fixed

New Delhi: If you want to invest money in IPO i.e. Initial Public Offering, then this is a good opportunity for you. The IPO of Internet of Things (IOT) based electronics manufacturing company Kaynes Technology India Limited is going to open on November 10. According to documents submitted with market regulator SEBI, the IPO will close on November 14. Anchor investors will be able to bid for the shares on November 9. Kaynes Technology India will issue fresh shares worth Rs 530 crore under the IPO. You can earn money by investing in this IPO. Let us tell you that when a company offers its shares to the general public for the first time, it is called IPO. If any private or government company in the country needs funds, then it takes its shares to the people. It is bought by the investors and they become the shareholders of the company. The decisions of the company listed in the market are also informed to its general investors. Buying and selling of shares of a company listed on the stock exchange can be done.

Know what the company does
Cannes Technology is an Internet of Things (IoT) based integrated electronics manufacturing company. The company has a total of eight production plants across the country. It provides conceptual design, process engineering, integrated manufacturing and life cycle support in automotive, industrial, aerospace and defence, outer space, nuclear, medical, railways, IoT, IT and other sectors.

Inox Green IPO: Inox Green Energy Services to launch IPO on November 11, price band fixed, see details
fixed price band
The price band of Cans Technology Internet of Things has been fixed. Its price band has been fixed at Rs 559-587 per share. The issue will close on November 14. Investors can bid for a minimum of 25 shares and thereafter in multiples of 25. In addition, the promoters and an existing shareholder will also make an offer for sale of 55.85 lakh equity shares. The proceeds from the sale of new shares will be used to pay off debt, fund capital expenditure for manufacturing plants in Mysore and Manesar and raise working capital. Apart from this, the company will also use the money to set up a manufacturing plant at Chamarajnagar in Karnataka.

IPO 2022: These powerful IPOs made investors rich! Gave such a strong return, see the list
Inox Green Energy Services can also invest money in IPO
The IPO of Inox Green Energy Services (IGESL) is being opened for investment on Friday, November 11. Its price band has been fixed at Rs 61-65. The last date to subscribe to this IPO (Inox Green IPO) is 15 November 2022. The company has set a target of raising Rs 740 crore through this IPO. Under this, the company will issue new shares worth Rs 370 crore.