Kay Cee Energy & Infra Limited has initiated its IPO, a book built issue valued at Rs. 15.93 crores, offering 29.5 lakh fresh shares. This IPO presents a compelling opportunity for investors seeking entry into the energy and infrastructure sector.
The subscription for Kay Cee Energy & Infra IPO commenced on December 28, 2023, and will conclude on January 2, 2024. Anticipated allotment is scheduled for January 3, 2024, with the IPO set to list on the NSE SME by January 5, 2024.
With a price band ranging from Rs. 51 to Rs. 54 per share, the IPO demands a minimum lot size of 2000 shares, translating to a retail investor entry point of Rs. 108,000. For High Net Worth Individuals (HNIs), the minimum lot size is 2 lots (4,000 shares) amounting to Rs. 216,000.
The IPO’s book running lead manager is GYR Capital Advisors Private Limited, and Bigshare Services Pvt Ltd functions as the registrar. Notably, Giriraj Stock Broking serves as the market maker for the Kay Cee Energy & Infra IPO.
For a comprehensive understanding of the offering, potential investors are encouraged to refer to the Kay Cee Energy & Infra IPO RHP for detailed insights.
Investing in Kay Cee Energy & Infra IPO presents an opportunity to capitalize on the growth prospects in the energy and infrastructure domains. Don’t miss out on this chance to be a part of a promising venture in these sectors.
Kay Cee Energy & Infra IPO Details
| Parameter | Details |
| IPO Date | December 28, 2023 to January 2, 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 |
The Kay Cee Energy & Infra IPO is scheduled from December 28, 2023, to January 2, 2024, offering shares at a face value of Rs. 10 per share. The price band is set between Rs. 51 to Rs. 54 per share, with a lot size of 2000 shares. The total issue size comprises 2,950,000 shares, amounting to Rs. 15.93 crores, all of which are fresh issues within the book-built IPO category.
Post-issue, the shareholding will increase from 8,010,000 to 10,960,000. Notably, the Market Maker portion constitutes 190,000 shares, reflecting confidence and participation in the IPO.
The Kay Cee Energy & Infra IPO is designated for listing on the NSE SME platform. This offering represents an opportunity for investors to engage in a book-built IPO structure within the energy and infrastructure sectors, offering a considerable scope for growth and investment prospects.
Proposed Timeline for Kay Cee Energy & Infra IPO
| Event | Date |
| 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 |
The Kay Cee Energy & Infra IPO follows a structured timeline for potential investors to participate and engage with the offering. The IPO opens on Thursday, December 28, 2023, and concludes on Tuesday, January 2, 2024, with a cutoff time for UPI mandate confirmation at 5 PM on the closing date.
Following the closure, the basis of allotment is scheduled for Wednesday, January 3, 2024, coinciding with the initiation of refunds. Subsequently, on Thursday, January 4, 2024, the credited shares will reflect in the respective Demat accounts.
Finally, the anticipated listing date for the Kay Cee Energy & Infra IPO on the NSE SME platform is set for Friday, January 5, 2024. This timeline offers a clear structure for investors to track and engage with the IPO, ensuring smooth participation and post-IPO processes.
Kay Cee Energy & Infra IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| HNI (Min) | 2 | 4000 | ₹216,000 |
For the Kay Cee Energy & Infra IPO, investors have specific lot size criteria for bidding. Retail investors can bid for a minimum of 2000 shares, which amounts to Rs. 108,000. There’s no variation between the minimum and maximum bid size for retail investors, maintaining consistency at 2000 shares or Rs. 108,000.
High Net Worth Individuals (HNIs), on the other hand, have a slightly different lot size. Their minimum bid requirement is set at 2 lots, totaling 4000 shares, and amounting to Rs. 216,000. This demonstrates the distinct bidding criteria for HNIs compared to retail investors, offering them a larger lot size option for investment within the Kay Cee Energy & Infra IPO.
Kay Cee Energy & Infra IPO Promoter Holding
| Share Holding Pre Issue | 96.12% |
| Share Holding Post Issue |
Kay Cee Energy & Infra Limited, spearheaded by Mr. Lokendra Jain and Mrs. Shalini Jain, is gearing up for its IPO release. The company’s pre-issue promoter holding stands at an impressive 96.12%, showcasing a strong foundation and confidence in the venture. However, details regarding the post-issue promoter holding remain undisclosed at this juncture.
Promoter holding serves as a critical indicator of the founders’ vested interest and commitment to the company’s growth trajectory. It signifies their belief in the business, aligning their interests with that of the shareholders and potential investors. This substantial pre-issue holding by Mr. Lokendra Jain and Mrs. Shalini Jain underscores their dedication to Kay Cee Energy & Infra’s success.
While the post-issue promoter holding percentage remains undisclosed, it is a pivotal aspect for investors to assess the continuity of the promoters’ commitment and their stake in the company following the IPO. The shift in the holding percentage post-issue could influence investor sentiment and perception regarding the promoters’ involvement in steering the company forward.
For a comprehensive understanding of the post-issue promoter holding and its impact, investors are advised to refer to the official IPO prospectus or subsequent disclosures made by Kay Cee Energy & Infra Limited. This information will provide valuable insights into the promoters’ ongoing commitment and their strategic alignment with the company’s future endeavors.
Kay Cee Energy & Infra IPO Key Performance Indicator
| 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 & Infra IPO presents key performance indicators (KPIs) that offer valuable insights for potential investors. The Market Cap stands at Rs. 59.18 Cr, indicating the company’s overall value in the market. The Price/Earnings (P/E) ratio at 7.59 suggests the company’s earnings relative to its stock price.
Post P/E at 12.25 indicates potential adjusted valuations following the IPO. Return on Equity (ROE) and Return on Capital Employed (ROCE) both at 25.13% and 22.32% respectively, reflect the company’s efficiency in generating profits from its resources.
The Debt/Equity ratio of 1.04 signifies the proportion of debt relative to shareholder equity, offering insights into the financial leverage. Earnings Per Share (EPS) stands at Rs. 7.11, reflecting the company’s profitability on a per-share basis. Return on Net Worth (RoNW) mirrors the profitability relative to the shareholder’s investment at 25.13%.
These KPIs serve as vital metrics for investors to assess Kay Cee Energy & Infra’s financial health, profitability, and market valuation. Prospective investors are encouraged to thoroughly analyze these indicators in the context of their investment strategies and goals before making informed decisions.
Kay Cee Energy & Infra IPO Grey Market Premium (GMP)
The Kay Cee Energy & Infra SME IPO has generated significant interest in the grey market, evident from its Grey Market Premium (GMP). As of the last update on December 30th, 2023, the last recorded GMP stood at Rs. 60, indicating a notable premium above the IPO price band of Rs. 54. This premium suggests an estimated listing price of Rs. 114 (cap price + GMP), forecasting a substantial increase at the time of listing.
This projected listing price reflects an impressive 111.11% expected gain per share, signaling strong market anticipation and demand for Kay Cee Energy & Infra IPO shares. The Retail Subject to Sauda is noted at Rs. 91,200, affirming robust interest among retail investors.
Grey market activities over the past 10 sessions have demonstrated fluctuations, with the GMP ranging between Rs. 9 as the lowest and Rs. 60 as the highest. Notably, the trend in recent sessions indicates an upward movement in the GMP, hinting at a promising listing for the IPO.
Investors tracking the Kay Cee Energy & Infra SME IPO are advised to stay updated with daily GMP trends to gauge the market sentiment and the expected listing price accurately. The consistent rise in GMP points towards a potential strong listing, making it essential for investors to stay tuned for further updates regarding this IPO’s grey market performance.
| Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
| 30-12-2023 | ₹54.00 | ₹60 (No Change) | ₹91,200 | ₹114 (111.11%) | 30-Dec-2023 11:58 |
| 29-12-2023 | ₹54.00 | ₹60 (Up) | ₹91,200 | ₹114 (111.11%) | 29-Dec-2023 23:24 |
| 28-12-2023 | ₹54.00 | ₹45 (Up) | ₹68,400 | ₹99 (83.33%) | 28-Dec-2023 23:23 |
| 27-12-2023 | ₹54.00 | ₹40 (No Change) | ₹60,800 | ₹94 (74.07%) | 27-Dec-2023 23:28 |
| 26-12-2023 | ₹54.00 | ₹40 (Up) | ₹60,800 | ₹94 (74.07%) | 26-Dec-2023 17:10 |
| 25-12-2023 | ₹54.00 | ₹35 (No Change) | ₹53,200 | ₹89 (64.81%) | 25-Dec-2023 23:29 |
| 24-12-2023 | ₹54.00 | ₹35 (No Change) | ₹53,200 | ₹89 (64.81%) | 24-Dec-2023 23:27 |
| 23-12-2023 | ₹54.00 | ₹35 (Up) | ₹53,200 | ₹89 (64.81%) | 23-Dec-2023 23:27 |
| 22-12-2023 | ₹54.00 | ₹30 (Up) | ₹45,600 | ₹84 (55.56%) | 22-Dec-2023 23:28 |
| 21-12-2023 | ₹54.00 | ₹9 (No Change) | ₹13,700 | ₹63 (16.67%) | 21-Dec-2023 23:27 |
The day-wise trend of Kay Cee Energy & Infra IPO’s Grey Market Premium (GMP) depicts fluctuations in the premium over the IPO price. Notably, the GMP has seen a significant rise over recent days.
As of December 30th, 2023, the GMP remained at Rs. 60, unchanged from the previous day, indicating a consistent premium over the IPO price of Rs. 54. This reflects strong market interest and anticipation for the IPO.
On December 29th, the GMP remained steady at Rs. 60, maintaining the premium. However, on December 28th, the GMP rose to Rs. 45, followed by fluctuations in the preceding days.
Kay Cee Energy & Infra Limited: Empowering Electrical Infrastructure
Kay Cee Energy & Infra Limited, established in 2015, is a trailblazer in constructing and commissioning electricity transmission and distribution systems. Specializing in Engineering, Procurement, and Construction (EPC) projects, they serve esteemed government entities like Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL).
Their diverse service portfolio spans equipment handling, erection, and commissioning, covering power transmission systems, substation construction, and automation. Offering maintenance up to 400 kV substations and 765 kV high-voltage lines, including an Emergency Restoration System (ERS), highlights their comprehensive services.
With a prestigious clientele including Rajasthan Rajya Vidyut Prasaran Nigam Limited and Power Grid Corporation of India Limited, alongside private giants such as Larsen & Toubro Limited and Wonder Cement Limited, the company showcases its robust customer base.
Certified with ISO 9001:2015 for quality management, Kay Cee Energy & Infra adopts an integrated model, nurturing internal competencies from project inception to completion. Currently managing 15 projects valued at approximately Rs. 54,990.27 lakhs, their workforce of 174 employees, including skilled workers, supervisors, engineers, and project managers, underscores their commitment to electrical infrastructure development. This commitment positions them as a key player in the evolving energy landscape.
Kay Cee Energy & Infra IPO Reservation
| Investor Category | Shares Offered | Percentage (%) |
| Anchor Investor | 800,000 | 27.12% |
| Market Maker | 190,000 | 6.44% |
| QIB | 556,000 | 18.85% |
| NII (HNI) | 422,000 | 14.31% |
| Retail | 982,000 | 33.29% |
| Total Shares Offered | 2,950,000 | 100% |
The Kay Cee Energy & Infra IPO has allocated 2,950,000 shares, distributed among various investor categories. Anchor Investors have been offered 800,000 shares, constituting 27.12% of the total offering. Market Makers are allotted 190,000 shares, accounting for 6.44%.
Qualified Institutional Buyers (QIB) have an allocation of 556,000 shares, comprising 18.85% of the total shares. Non-Institutional Investors (NII) or High Net Worth Individuals (HNI) are offered 422,000 shares, representing 14.31% of the offering.
The Retail category holds the largest allocation, with 982,000 shares offered, constituting 33.29% of the total shares offered in the Kay Cee Energy & Infra IPO. This distribution allows various investor segments to participate based on their investment capacity and category eligibility, ensuring a diversified offering.
Revised Financial Details of Kay Cee Energy & Infra Limited
| 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/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 |
Kay Cee Energy & Infra Limited’s financials reflect substantial growth in key metrics. Between March 31, 2022, and March 31, 2023, revenue surged by 22.33%, escalating from Rs. 5,012.55 lakhs to Rs. 6,132.07 lakhs. Correspondingly, Profit After Tax (PAT) soared by an impressive 77.62%, rising from Rs. 310.05 lakhs to Rs. 550.71 lakhs during the same period.
The company’s asset base displayed a commendable upward trajectory, increasing from Rs. 6,370.15 lakhs as of March 31, 2022, to Rs. 8,017.57 lakhs by March 31, 2023. Additionally, the Net Worth rose steadily from Rs. 1,640.63 lakhs to Rs. 2,191.34 lakhs, indicating the company’s strengthening financial position.
Kay Cee Energy & Infra’s financial stability is further underscored by the augmentation in Reserves and Surplus, escalating from Rs. 1,615.63 lakhs to Rs. 2,166.34 lakhs between the same period. Concurrently, Total Borrowings experienced a notable increase, reaching Rs. 2,289.42 lakhs from Rs. 646.90 lakhs, portraying strategic capital utilization for growth and expansion. This robust financial performance reflects the company’s upward trajectory and financial prudence, emphasizing its potential in the market.
Kay Cee Energy & Infra IPO Objectives and Utilization of Funds
Kay Cee Energy & Infra’s IPO holds strategic objectives concerning the allocation of Net Proceeds. The company plans to utilize these funds primarily for two key purposes:
Funding Working Capital: A significant portion of the proceeds will be channeled into addressing the company’s essential working capital requirements. This infusion of funds ensures a steady operational flow, allowing seamless day-to-day activities, material procurement, and meeting project-related expenses.
General Corporate Needs: Additionally, part of the raised capital will cater to general corporate purposes. These encompass diverse operational needs, potential expansions, strategic initiatives, and enhancing overall corporate capabilities, fostering sustainable growth.
By prioritizing the allocation of IPO proceeds towards essential working capital and overarching corporate needs, Kay Cee Energy & Infra aims to fortify its operational stability and strategic initiatives. This strategy underlines the company’s commitment to optimizing resources for sustained growth, solidifying its position in the sector, and meeting the evolving market demands. The allocation strategy reflects prudent financial planning, emphasizing the company’s intent to utilize the capital influx efficiently for operational efficiency and strategic expansion.
