Kay Cee Energy & Infra IPO is a book built issue of Rs 15.93 crores. The issue is entirely a fresh issue of 29.5 lakh shares.
Kay Cee Energy & Infra IPO opens for subscription on December 28, 2023 and closes on January 2, 2024. The allotment for the Kay Cee Energy & Infra IPO is expected to be finalized on Wednesday, January 3, 2024. Kay Cee Energy & Infra IPO will list on NSE SME with tentative listing date fixed as Friday, January 5, 2024.
Kay Cee Energy & Infra IPO price band is set at ₹51 to ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹216,000.
GYR Capital Advisors Private Limited is the book running lead manager of the Kay Cee Energy & Infra IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Kay Cee Energy & Infra IPO is Giriraj Stock Broking.
Refer to Kay Cee Energy & Infra IPO RHP for detailed information.
Kay Cee Energy & Infra IPO Details
| IPO Date | December 28, 2023 to January 2, 2024 |
| Listing Date | 05 Jan 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,950,000 shares (aggregating up to ₹15.93 Cr) |
| Fresh Issue | 2,950,000 shares (aggregating up to ₹15.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,010,000 |
| Share holding post issue | 10,960,000 |
| Market Maker portion | 190,000 shares Giriraj Stock Broking |
Kay Cee Energy & Infra IPO Reservation
Kay Cee Energy & Infra IPO offers 2,950,000 shares. 556,000 (18.85%) to QIB, 422,000 (14.31%) to NII, 982,000 (33.29%) to RII and 800,000 (27.12%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 800,000 (27.12%) |
| Market Maker Shares Offered | 190,000 (6.44%) |
| QIB Shares Offered | 556,000 (18.85%) |
| NII (HNI) Shares Offered | 422,000 (14.31%) |
| Retail Shares Offered | 982,000 (33.29%) |
| Total Shares Offered | 2,950,000 (100%) |
Kay Cee Energy & Infra IPO Anchor Investors Details
Kay Cee Energy & Infra IPO raises Rs 4.32 crore from anchor investors. Kay Cee Energy & Infra IPO Anchor bid date is December 27, 2023. Kay Cee Energy & Infra IPO Anchor Investors list
| Bid Date | December 27, 2023 |
| Shares Offered | 800,000 |
| Anchor Portion Size (In Cr.) | 4.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 17, 2024 |
Kay Cee Energy & Infra IPO Timeline (Tentative Schedule)
Kay Cee Energy & Infra IPO opens on December 28, 2023, and closes on January 2, 2024.
| IPO Open Date | Thursday, December 28, 2023 |
| IPO Close Date | Tuesday, January 2, 2024 |
| Basis of Allotment | Wednesday, January 3, 2024 |
| Initiation of Refunds | Wednesday, January 3, 2024 |
| Credit of Shares to Demat | Thursday, January 4, 2024 |
| Listing Date | Friday, January 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 2, 2024 |
Kay Cee Energy & Infra IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| HNI (Min) | 2 | 4,000 | ₹216,000 |
Kay Cee Energy & Infra IPO Promoter Holding
Mr. Lokendra Jain and Mrs. Shalini Jain are the promoters of the company.
| Share Holding Pre Issue | 96.12% |
| Share Holding Post Issue |
About Kay Cee Energy & Infra Limited
Founded in 2015, Kay Cee Energy and Infra Limited provides services for the construction and commissioning of electricity transmission and distribution systems.
The company undertakes engineering, procurement and construction (EPC) projects for government entities such as Rajasthan Rajya Vidyut Prasaran Nigam Limited (“RRVPNL”).
The company’s service portfolio includes handling, erection, testing and commissioning of equipment and materials for power transmission and distribution systems, including transmission lines, construction of substations, automation, extension/modification and expansion of existing power systems.
The company also provides services for the operation and maintenance of 132 kV substations, maintenance of substations up to the 400 kV level and maintenance of high-voltage lines up to the 765 kV level, including the use of an emergency restoration system (ERS) for maintenance in the event of faults, etc.
The company has a strong base of loyal customers, including well-known public sector companies such as Rajasthan Rajya Vidyut Prasaran Nigam Limited and Power Grid Corporation of India Limited. Kay Cee Energy & Infra Limited also provides services to reputed private companies like Wonder Cement Limited, H G Infra Engineering Limited, Gawar Construction Limited, Raj Shyama Constructions Private Limited, DRAIPL-GCC (JV), DMIA Nyati LLP, Larsen & Toubro Limited and Sadbhav Engineering Limited.
The company is certified as a quality management system according to ISO 9001:2015.
The company has adopted an internal integrated model to develop internal resources with key competencies to take a project from conception to completion.
As of September 30, 2023, the company has 15 projects in progress with a total contract value of approximately Rs. 54,990.27 lakhs.
As of August 31, 2023, the company employed over 174 employees, including 18 project managers, 30 supervisors/engineers and 126 skilled workers.
Kay Cee Energy & Infra Limited Financial Information (Restated)
Kay Cee Energy & Infra Limited’s revenue increased by 22.33% and profit after tax (PAT) rose by 77.62% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,332.09 | 8,017.57 | 6,370.15 | 3,807.83 |
| Revenue | 964.29 | 6,132.07 | 5,012.55 | 3,559.13 |
| Profit After Tax | 120.74 | 550.71 | 310.05 | 187.47 |
| Net Worth | 2,312.08 | 2,191.34 | 1,640.63 | 1,330.58 |
| Reserves and Surplus | 2,287.08 | 2,166.34 | 1,615.63 | 1,305.58 |
| Total Borrowing | 2,405.41 | 2,289.42 | 646.90 | 272.27 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
Kay Cee Energy & Infra IPO Market Cap is Rs 59.18 Cr and P/E (x) is 7.59.
| KPI | Values |
|---|---|
| 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 (Rs) | 7.11 |
| RoNW | 25.13% |
Kay Cee Energy IPO GMP Today
Kay Cee Energy IPO GMP today, or grey market premium today, is ₹45 per share, market observers said. This means that the Kay Cee Energy & Infra shares are trading higher by ₹45 than their issue price in the grey market. The GMP today indicated an estimated Kay Cee Energy IPO listing price of ₹99 per share, which is a premium of 83.33% to the IPO price.
