Bookbuilding IPO | ₹16 Cr | Listed at NSE SME | Thu, Dec 28, 2023 - Tue, Jan 2, 2024
Kay Cee Energy IPO is a book build issue of ₹15.93 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹15.93 crore.
Kay Cee Energy IPO bidding started from Dec 28, 2023 and ended on Jan 2, 2024. The allotment for Kay Cee Energy IPO was finalized on Jan 3, 2024. The shares got listed on NSE SME on Jan 5, 2024.
Kay Cee Energy IPO price band is set at ₹54 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,08,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,16,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Kay Cee Energy IPO RHP for detailed Information.
IPO Open
Thu, Dec 28, 2023
IPO Close
Tue, Jan 2, 2024
Issue Price
₹54 per share
Market Cap (Pre-IPO)
₹59.18 Cr
| IPO Date | 28 Dec, 2023 to 2 Jan, 2024 |
| Listed on | Fri, Jan 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 29,50,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 1,90,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 27,60,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 27,60,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 80,10,000 shares |
| Share Holding Post Issue | 1,09,60,000 shares |
| NSE Symbol | KCEIL |
| ISIN | INE0RCG01017 |
Kay Cee Energy IPO comprises a total issue size of 29,50,000 shares. The net offer to the public is 27,60,000 shares, after excluding 1,90,000 shares allotted on a firm basis. Of the Net offer 13,56,000 (49.13%) are allocated to QIB, 4,22,000 (15.29%) allocated to NII 9,82,000 (35.58%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,56,000 | 49.13% | 45.97% |
| − Anchor Investor Shares Offered | 8,00,000 | 27.12% | |
| − QIB (Ex. Anchor) Shares Offered | 5,56,000 | 18.85% | |
| NII (HNI) Shares Offered | 4,22,000 | 15.29% | 14.31% |
| Retail Shares Offered | 9,82,000 | 35.58% | 33.29% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,90,000 | 6.44% | |
| Total Shares Offered | 29,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,08,000 |
| Retail (Max) | 1 | 2,000 | ₹1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹2,16,000 |
Kay Cee Energy IPO raises ₹4.32 crore from anchor investors. Kay Cee Energy IPO Anchor bid date is December 27, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Dec 27, 2023 |
| Shares Offered | 8,00,000 |
| Anchor Portion (₹ Cr.) | 4.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Feb 2, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Apr 2, 2024 |
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.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 83.32 | 80.18 | 63.70 | 38.08 |
| Total Income | 9.64 | 61.32 | 50.13 | 35.59 |
| Profit After Tax | 1.21 | 5.51 | 3.10 | 1.87 |
| NET Worth | 23.12 | 21.91 | 16.41 | 13.31 |
| Reserves and Surplus | 22.87 | 21.66 | 16.16 | 13.06 |
| Total Borrowing | 24.05 | 22.89 | 6.47 | 2.72 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 13.00 |
| 2 | General corporate purpose | 1.70 |
| KPI | |
|---|---|
| ROE | 25.13% |
| ROCE | 22.32% |
| Debt/Equity | 1.04 |
| RoNW | 25.13% |
| PAT Margin | 9.01% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.11 | |
| P/E (x) | 7.59 | 12.25 |
| Promoter Holding | 96.12% | |
| Market Cap | ₹59.18 Cr. |
The Kay Cee Energy & Infra IPO is subscribed 1,052.45 times on January 2, 2024 7:29:00 PM (Day 4). The public issue subscribed 1,311.1 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 127.71 | 5,56,000 | 7,10,04,000 |
| NII* | 1,668.97 | 4,22,000 | 70,43,06,000 |
| Retail | 1,311.1 | 9,82,000 | 1,28,74,98,000 |
| Total | 1,052.45 | 19,60,000 | 2,06,28,08,000 |
Total Application : 6,43,749
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 1.05 |
| 2 | Marketing and expenses and Advertising and marketing expenses | 0.06 |
| 3 | Printing and distribution of issue stationery | 0.00 |
| 4 | Listing fees, NSE processing fees | 0.02 |
| 5 | Book Building software fees | 0.04 |
| 6 | Other regulatory expenses | 0.07 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹252.00 |
| Low | ₹239.40 |
| High | ₹264.60 |
| Last Trade | ₹239.40 |
Lead Manager Reports
Kay Cee Energy IPO is a SME IPO of 29,50,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Dec 28, 2023, and closes on Tue, Jan 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 IPO using UPI as a payment gateway. Zerodha customers can apply in Kay Cee Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kay Cee Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kay Cee Energy IPO opens on Thu, Dec 28, 2023 and closes on Tue, Jan 2, 2024.
Kay Cee Energy IPO lot size is 2000, and the minimum amount required for application is ₹1,08,000.
You can apply in Kay Cee Energy IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Kay Cee Energy IPO will be done on Wednesday, January 3, 2024, and the allotted shares will be credited to your demat account by Thu, Jan 4, 2024. Check the Kay Cee Energy IPO allotment status.
The Kay Cee Energy IPO listing date is on Fri, Jan 5, 2024.
