Kay Cee Energy & Infra Limited, a dynamic player in the engineering, procurement, and construction (EPC) segment for power transmission and distribution systems, is set to mark its presence on the NSE SME platform with an IPO from December 28, 2023, to January 2, 2024. This IPO brings forth a fresh issue of 2,950,000 shares, aiming to raise Rs 15.93 crores.
IPO Details
Open Date: December 28, 2023
Close Date: January 2, 2024
Lot Size: 2000 Shares
Price Band: ₹51 to ₹54 per share
Minimum Investment (Retail): ₹108,000
Listing Exchange: NSE SME
Total Issue Size: 2,950,000 shares (₹15.93 Cr)
Fresh Issue: 2,950,000 shares (₹15.93 Cr)
Issue Type: Book Built Issue IPO
Listing Date: January 5, 2024
IPO Timeline
- Allotment Date: January 3, 2024
- Refunds Initiation: January 3, 2024
- Credit of Shares to Demat: January 4, 2024
- Listing Date: January 5, 2024
Kay Cee Energy & Infra IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. Retail investors can apply for a minimum of 1 lot (2000 shares), while HNI investors need to bid for a minimum of 2 lots (4000 shares).
Reservation Breakdown
- Anchor Investors: 800,000 shares (27.12%)
- Market Maker: 190,000 shares (6.44%)
- QIB: 556,000 shares (18.85%)
- NII (HNI): 422,000 shares (14.31%)
- Retail: 982,000 shares (33.29%)
Kay Cee Energy IPO Today GMP :
| Price Range(a) | Lot Size (b) | Max. Investment (c) | Bid Dates (d) | Listing Date | GMP Yesterday (f) | GMP Today (g) | Expected Share Price (h) | Expected Profit per Lot (i) | Buy Y/N (j) |
|---|---|---|---|---|---|---|---|---|---|
| ₹ 51 to ₹ 54 | 2000 | ₹ 108000 | 28-Dec-23 to 02-Jan-24 | 05-Jan-24 | ₹ 60 | ₹ 60 | ₹ 114 | ₹ 120000 | Y |
| Date | GMP |
|---|---|
| 1-Jan-2024 | ₹ 60 |
| 31-Dec-2023 | ₹ 60 |
| 30-Dec-2023 | ₹ 60 |
| 29-Dec-2023 | ₹ 45 |
| 28-Dec-2023 | ₹ 45 |
| 27-Dec-2023 | ₹ 40 |
| 26-Dec-2023 | ₹ 35 |
| 25-Dec-2023 | ₹ 35 |
| 24-Dec-2023 | ₹ 35 |
| 23-Dec-2023 | ₹ 35 |
| 22-Dec-2023 | ₹ 9 |
| 21-Dec-2023 | ₹ 9 |
Kay Cee Energy & Infra IPO Financial Snapshot
Pre and Post Issue Shareholding
- Pre-Issue Shareholding: 8,010,000 shares
- Post-Issue Shareholding: 10,960,000 shares
Promoter Holding
- Promoters: Mr. Lokendra Jain and Mrs. Shalini Jain
- Share Holding Pre-Issue: 96.12%
Anchor Investors
Kay Cee Energy & Infra IPO raised Rs 4.32 crores from anchor investors. The anchor lock-in period for 50% of shares ends on February 15, 2024, and for the remaining shares, it ends on May 17, 2024.
Kay Cee Energy & Infra IPO Financial Performance
The financials of Kay Cee Energy & Infra Limited exhibit a healthy growth trajectory.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Revenue | ₹964.29 Lakh | ₹6,132.07 Lakh | ₹5,012.55 Lakh | ₹3,559.13 Lakh |
| PAT | ₹120.74 Lakh | ₹550.71 Lakh | ₹310.05 Lakh | ₹187.47 Lakh |
Key Performance Indicators
- P/E (x): 7.59
- Post P/E (x): 12.25
- Market Cap (₹ Cr.): ₹59.18
- ROE: 25.13%
- ROCE: 22.32%
- Debt/Equity: 1.04
- EPS (₹): 7.11
- RoNW: 25.13%
IPO Subscription Status
The Kay Cee Energy & Infra IPO garnered significant attention from investors and was subscribed 415.34 times as of January 1, 2024. The retail category witnessed a remarkable subscription of 620.78 times, while the QIB and NII categories were subscribed 18.42 times and 460.20 times, respectively.
Subscription Breakdown
| Category | Subscription (times) | Shares Offered | Shares Bid For |
|---|---|---|---|
| QIB | 18.42 | 5,56,000 | 1,02,44,000 |
| NII | 460.20 | 4,22,000 | 19,42,06,000 |
| Retail | 620.78 | 9,82,000 | 60,96,10,000 |
Conclusion
Kay Cee Energy & Infra Limited, with its robust financials and expertise in power infrastructure, has struck a chord with investors as evidenced by the overwhelming subscription numbers. The IPO promises growth potential in the evolving power sector, making it an attractive proposition for both short-term and long-term investors.
This IPO review serves as a guide for investors to navigate the intricacies of Kay Cee Energy & Infra Limited, helping them make informed investment decisions in line with their financial goals.
Read More :
Main Page: https://upstox.instasav.in/
