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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 bidding started from December 28, 2023 and ended on January 2, 2024. The allotment for Kay Cee Energy & Infra IPO was finalized on Wednesday, January 3, 2024. The shares got listed on NSE SME on 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.
| IPO Date | December 28, 2023 to January 2, 2024 |
| Listing Date | January 5, 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 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 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 2, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 2, 2024 |
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 |
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 |
| Lot Size Calculator | |||
Mr. Lokendra Jain and Mrs. Shalini Jain are the promoters of the company.
| Share Holding Pre Issue | 96.12% |
| Share Holding Post Issue |
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'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 | ||||
The market capitalization of Kay Cee Energy & Infra IPO is Rs 59.18 Cr.
| KPI | Values |
|---|---|
| ROE | 25.13% |
| ROCE | 22.32% |
| Debt/Equity | 1.04 |
| RoNW | 25.13% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.11 | |
| P/E (x) | 7.59 | 12.25 |
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is engaged in EPC projects for power transmission and distribution and providing related services. The segment is poised for bright prospects considering the infra push given. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for the medium to long term rewards. Read detail review...
The Kay Cee Energy & Infra IPO is subscribed 1,052.45 times on January 2, 2024 7:29:00 PM. The public issue subscribed 1,311.10 times in the retail category, 127.71 times in the QIB category, and 1,668.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 127.71 |
| NII | 1,668.97 |
| Retail | 1,311.10 |
| Total | 1,052.45 |
Total Application : 643,749 (1,311.10 times)
| Listing Date | January 5, 2024 |
| BSE Script Code | |
| NSE Symbol | KCEIL |
| ISIN | INE0RCG01017 |
| Final Issue Price | ₹54 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹54.00 |
| ₹252.00 |
| ₹239.40 |
| ₹264.60 |
| ₹239.40 |
Kay Cee Energy & Infra Limited
9 Krishna Vihar,
Near Chungi Naka, Nanta Road,
Kunhadi Kotal In Ladpura, Kota-324001
Phone: +91 80009 79358
Email: info@kayceeenergy.in
Website: https://kayceeenergy.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Kay Cee Energy & Infra IPO is a SME IPO of 2,950,000 equity shares of the face value of ₹10 aggregating up to ₹15.93 Crores. The issue is priced at ₹51 to ₹54 per share. The minimum order quantity is 2000 Shares.
The IPO opens on December 28, 2023, and closes on January 2, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Kay Cee Energy & Infra IPO using UPI as a payment gateway. Zerodha customers can apply in Kay Cee Energy & Infra IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kay Cee Energy & Infra IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kay Cee Energy & Infra IPO opens on December 28, 2023 and closes on January 2, 2024.
Kay Cee Energy & Infra IPO lot size is 2000 Shares, and the minimum amount required is ₹108,000.
You can apply in Kay Cee Energy & Infra IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Kay Cee Energy & Infra IPO will be done on Wednesday, January 3, 2024, and the allotted shares will be credited to your demat account by Thursday, January 4, 2024. Check the Kay Cee Energy & Infra IPO allotment status.
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