The Kay Cee Energy & Infra IPO is a book-built issue with a total size of Rs 15.93 crores, consisting entirely of a fresh issue of 29.5 lakh shares. The subscription period for the IPO is from December 28, 2023, to January 2, 2024. The allotment for the Kay Cee Energy & Infra IPO is expected to be finalized on Wednesday, January 3, 2024, and the tentative listing date on NSE SME is set for Friday, January 5, 2024.
Key IPO Details:
– **IPO Date:** December 28, 2023, to January 2, 2024
– **Listing Date:** [Not specified]
– **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
– **Shareholding Pre Issue:** 96.12%
– **Shareholding Post Issue:** [Not specified]
– **Market Maker Portion:** 190,000 shares
**Reservation:**
– QIB Shares Offered: Not more than 50.00% of the Net offer
– Retail Shares Offered: Not less than 35.00% of the Offer
– NII (HNI) Shares Offered: Not less than 15.00% of the Offer
**IPO Timeline (Tentative Schedule):**
– IPO Opens: Thursday, December 28, 2023
– IPO Closes: Tuesday, January 2, 2024
– Basis of Allotment: Wednesday, January 3, 2024
– Initiation of Refunds: Thursday, January 4, 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
**Lot Size:**
– Retail (Min): 1 lot, 2000 shares, ₹108,000
– Retail (Max): 1 lot, 2000 shares, ₹108,000
– HNI (Min): 2 lots, 4,000 shares, ₹216,000
**About Kay Cee Energy & Infra Limited:**
Incorporated in 2015, Kay Cee Energy & Infra Limited specializes in providing 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”).
**Financial Information (Restated):**
– Revenue increased by 22.33%, and profit after tax (PAT) rose by 77.62% between March 31, 2022, and March 31, 2023.
**Key Performance Indicators:**
– P/E (x): 7.59
– ROE: 25.13%
– ROCE: 22.32%
– EPS (Rs): 7.11
– RoNW: 25.13%
**Objects of the Issue:**
The company intends to utilize the Net Proceeds from the Issue for:
– Funding the working capital requirements of the company.
– General corporate purposes.
**Prospectus:**
– Kay Cee Energy & Infra IPO DRHP
In summary, the IPO provides investors with an opportunity to participate in Kay Cee Energy & Infra Limited’s growth as it aims to meet its working capital requirements and pursue general corporate objectives.
