The buzz around the Kay Cee Energy & Infra IPO is palpable, and I’m here to dive into the details that every investor should know. With a launch date of December 28 and a closing on January 2, this IPO is set to raise a significant 15.93 crores. It’s a pivotal moment for the company and a potential opportunity for investors.
Navigating the IPO landscape can be tricky, but I’ve got you covered. In this article, I’ll break down the essentials of the Kay Cee Energy & Infra IPO, from the price range of 51 to 54 rupees per share to the market lot of 2000 shares. Whether you’re a seasoned investor or new to the game, you’ll find actionable insights to help you make an informed decision. So, let’s get started and see what this IPO has in store for us.
Kay Cee Energy & Infra IPO Details
When we’re looking at the structure of the upcoming IPO for Kay Cee Energy & Infra, it’s vital to focus on some of the fundamental details that could influence an investor’s decision. First off, the company has set the face value of its shares at ₹10 per share. What’s more eye-catching is the price band, which ranges from ₹51 to ₹54 per share. This price range is critical as it provides a window into the company’s valuation and the potential cost for investors looking to get a piece of the company’s future.
Looking deeper into the issue size, I can’t ignore that a total of 2,950,000 shares are going up for grabs, aggregating to a sizable ₹15.93 Crores. Here’s a snapshot of the key figures:
|Total Issue Size
The lot size of 2000 shares is another aspect that can’t be overlooked. It means that investors must be willing to purchase a minimum of 2000 shares, setting a substantial entry point for those considering this investment opportunity.
Moreover, it’s important to know that the offering is a Book Built Issue IPO, set to list on the NSE SME platform—a niche yet growing stock market segment. This listing platform typically caters to small and medium-sized enterprises, potentially opening doors for rapid growth.
In terms of shareholding, pre-issue, there are 8,010,000 shares held, which will expand to 10,960,000 shares post-issue. To provide some stability during the initial trading period, the market maker portion is allocated 190,000 shares.
Investors should mark their calendars as the issue opens on December 28, 2023, and runs through to January 2, 2024. The allotment is tentatively said to be finalized soon after that, indicating a swift process that can be attractive to investors who favor quick turnaround times.
Kay Cee Energy & Infra IPO Timeline
When considering a potential investment in the Kay Cee Energy & Infra IPO, it’s essential to mark your calendar with the key dates. The IPO opens on Thursday, December 28, 2023, providing a window of opportunity for investors to partake in what could be a pivotal moment for this company specializing in electricity transmission and distribution systems.
As the IPO window draws to a close on Tuesday, January 2, 2024, it’s vital to note the cut-off time for UPI mandate confirmation at 5 PM on the same day. This is the last moment to finalize your investment commitment, and missing this deadline could mean a missed chance to invest at the ground level.
Following the close of the IPO, the subsequent dates are packed with activity. Allotment of shares will occur swiftly on Wednesday, January 3, 2024, with the initiation of refunds happening concurrently. This rapid turn-around speaks to the efficiency of the IPO process and ensures that investors are not left waiting to know the status of their investments.
The transition from paper to digital becomes real on Thursday, January 4, 2024, when shares are credited to investors’ Demat accounts. The digitization of shareholding not only streamlines the process but also secures your assets in a regulatory-compliant manner.
Culminating the IPO journey, Kay Cee Energy & Infra is set to make its market debut, with the listing date slated for Friday, January 5, 2024. This day will undoubtedly be significant for the company and its new shareholders as they watch the live market response to the newly issued shares.
|IPO Open Date
|Thursday, Dec 28, 2023
|IPO Close Date
|Tuesday, Jan 2, 2024
|Basis of Allotment
|Wednesday, Jan 3, 2024
|Initiation of Refunds
|Wednesday, Jan 3, 2024
|Credit of Shares to Demat
|Thursday, Jan 4, 2024
|Friday, Jan 5, 2024
|UPI Mandate Confirmation Time
|5 PM, Jan 2, 2024
Kay Cee Energy & Infra IPO Lot Size
When we delve into the specifics of the Kay Cee Energy & Infra IPO, the lot size is crucial for investors to understand. I’ve honed in on the details, so you won’t need to sift through piles of data. The minimum and maximum lot size for retail investors looking to participate is set at 2000 shares. This is an important figure because it represents both the entry point for investment and the cap for retail participation in one go.
To break it down, here’s what’s required for different investor categories:
- Retail investors can apply for just one lot, which translates to 2000 shares.
- Those in the high-net-worth individual (HNI) category can apply for a minimum of 2 lots, equaling a total of 4000 shares.
Let’s talk numbers in terms of monetary investment:
- For retail investors, the lot size commands an investment of ₹108,000 if you’re aiming for the minimum or maximum limit; it’s straightforward since both are the same.
These figures showcase the investment prerequisites to partake in the Kay Cee Energy & Infra IPO. Given the IPO’s significance and the anticipation building up toward the January 5, 2024, listing date, understanding the lot size helps investors gauge the entry cost. Keep in mind that the price band has been set between ₹51 to ₹54 per share, affirming the value of each lot.
Astute investors must be aware that the IPO is entirely a fresh issue, aiming to raise ₹159.3 crores by offering 29.5 lakh shares to the public. This move reflects the company’s strategy to expand and grow. As the IPO window opens from December 28, 2023, to January 2, 2024, getting your ducks in a row is essential if you’re planning to invest.
Kay Cee Energy & Infra IPO Promoter Holding
When diving into the financial aspects of Kay Cee Energy & Infra’s IPO, it’s crucial to examine the promoter holding changes as a result of the public offering. Mr. Lokendra Jain and Mrs. Shalini Jain are the primary promoters of the company. Their shared vision and leadership have been instrumental in steering the company to where it stands today.
Before the IPO, the promoters collectively held a massive 96.12% stake in the company. This high percentage indicates their strong confidence and commitment in the company’s growth and governance. However, with the new shares issued, this majority stake will naturally be diluted, as new investors acquire a piece of the firm through the public offering. The exact post-IPO shareholding percentages have not been disclosed yet, which keeps potential investors on the watch for any updates.
The transition from a predominantly promoter-held company to one with a more diverse set of public shareholders can have significant implications:
- Increased scrutiny and expectations for transparency and performance.
- Potentially greater stability through diversified investment.
- A shift in the company’s strategic direction as shareholders exercise their voting rights.
Assessing the change in promoter shareholding is pivotal for investors as it might influence the company’s management and decision-making process post-IPO. It provides investors with a window into the future of the company’s leadership as well as a sense of the potential shift in control.
As the IPO date inches closer, understanding this transition becomes ever more vital for investors looking to be part of Kay Cee Energy & Infra’s journey. Stay tuned as more details emerge, offering a clearer picture of the company’s structure post-IPO.
Kay Cee Energy & Infra Limited Financial Information (Restated)
When evaluating an IPO, it’s crucial to dig into the historical financial performance of the company in question. I’ve dissected Kay Cee Energy & Infra Limited’s financial data, which provides valuable insights into their fiscal health and efficiency. Over a period tracking back to March 2021, the firm has shown a steady ascent in assets—with a substantial growth spurt between March 2022 and June 2023. Particularly, the asset base grew from ₹3,807.83 lakhs to ₹8,332.09 lakhs, marking an increase that’s hard to overlook.
|30 Jun 2023
|31 Mar 2023
|31 Mar 2022
|31 Mar 2021
|Profit After Tax
|Reserves and Surplus
Amount in ₹ Lakhs
Revenue tells a compelling story of expansion as well. It’s remarkable to witness a company more than doubling its revenue figures from ₹3,559.13 lakhs in March 2021 to a significant ₹6,132.07 lakhs by March 2023.
Kay Cee Energy & Infra IPO Reservation
The Kay Cee Energy & Infra IPO has carved out specific portions of its shares for different investor categories. This delineation ensures broad-based participation and caters to various kinds of investors who might be interested in securing a stake in the company. Based on the reservation criteria, the shares are methodically distributed, offering a structured approach to potential investors.
Investor Categories and Reservations
- Qualified Institutional Buyers (QIBs) are allocated no more than 50% of the Net offer. This segment usually includes entities like mutual funds, pension funds, and insurance companies, known for their significant investment power and market influence.
- Retail Investors are assured not less than 35% of the Offer. These are individual investors like you and me, which reflects the company’s commitment to ensuring that retail investors have a substantial chance to participate.
- Non-Institutional Investors (NIIs) or High Net-worth Individuals (HNIs) are guaranteed a share of not less than 15% of the Offer. This group emphasizes the opportunity for wealthier individuals to invest larger amounts than the retail segment.
These allocations aim to fortify the market presence of Kay Cee Energy & Infra by engaging a diversity of investor classes, thereby enhancing the stability and credibility of the company’s shareholder base.
|Shares Offered Percentage
|Not more than 50.00%
|Not less than 35.00%
|Not less than 15.00%
With a total issue size of 29,50,000 shares amounting to ₹159.3 crores, the proposition sketched out for the IPO’s share distribution caters to a healthy mix of investors. Retail investors can take comfort in knowing that a significant portion of shares is earmarked for them, reflecting the company’s strategy to cultivate a robust and democratic shareholder structure. Understanding these reservation quotas is fundamental for investors to gauge their potential involvement and strategize their bids during the subscription period.
About Kay Cee Energy & Infra Limited
In 2015, Kay Cee Energy & Infra Ltd emerged as a significant player in the power sector, providing Engineering, Procurement, and Construction (EPC) services. With a focus on innovation and quality, the company has successfully grasped the intricacies of the power industry in India. Kay Cee Energy & Infra’s strength lies in its robust team of 175 persons, which is a dynamic mix of skilled workers fine-tuned through meticulous in-house training programs.
The company’s expertise extends to the execution of complex projects in the power domain. Currently handling 15 projects, these contracts amount to a substantial order value of Rs 550 crore, signifying the company’s strong market presence and project management capabilities. These projects encompass a broad spectrum of electrical infrastructure, from high-voltage lines to intricate substation setups.
As an EPC firm specializing in the power sector, Kay Cee Energy & Infra’s role is crucial in developing and maintaining the infrastructure required for energy distribution. These services are essential for the uninterrupted supply of electricity, which is a cornerstone of economic growth. By providing services for high-voltage lines and substations, including the use of Emergency Restoration Systems (ERS), I can see that Kay Cee Energy & Infra is committed to ensuring reliability and efficiency in the power sector.
The upcoming IPO marks a significant milestone for the company. Set to open on December 28, 2023, and close on January 2, 2024, the IPO aims to raise funds to fuel further growth and expansion. With a total issue size of Rs 15.93 crores, it’s clear that the company is setting the stage for a new chapter in its corporate journey. Notably, Kay Cee Energy & Infra plans to list in the National Stock Exchange SME segment, highlighting its potential and readiness to embrace wider market opportunities. The price band for the IPO has been pegged at Rs 51 to Rs 54 per share, providing an accessible entry point for various investor segments.
Investing in the IPO involves purchasing at least one lot, consisting of 2000 shares, reflecting the company’s intent to foster broad-based investor participation. This accessibility for both Retail Investors and Non-Institutional Investors indicates a stride towards the democratization of investment opportunities in India’s burgeoning power sector.
Kay Cee Energy & Infra IPO Review
As I delve into the specifics of the Kay Cee Energy & Infra IPO, it’s clear that this public offering stands out with its book-built issue fetching Rs 15.93 crores. The company’s public offering marks a significant step for investors looking to tap into the power sector’s growth. Kay Cee Energy & Infra seems well-prepared for its market debut with a robust portfolio and proven expertise in EPC projects.
The subscription period, from December 28, 2023, to January 2, 2024, indicates the company’s strategic timing to capitalize on investment enthusiasm around the new year. The IPO’s structure is a compelling factor, consisting solely of a fresh issue of 2.95 lakh shares without an offer for sale (OFS) component. This move suggests the company’s focus is on growth and capital investment over immediate returns to existing stakeholders.
Investing in the IPO requires a minimum investment of Rs 108,000 for retail investors, based on the minimum lot size of 2000 shares. High-net-worth individuals (HNIs) have a minimum lot size requirement of 4000 shares, equaling Rs 216,000, potentially opening the floor to more significant, more focused investment participation.
|IPO Structure Detail
|INR 15.05 – 15.93 Crores
|Face Value per Share
|Issue Price Band
|₹51 – ₹54 per Share
|Minimum Investment (Retail)
|₹108,000 (Based on minimum lot size)
|Minimum Investment (HNI)
|₹216,000 (For 2 lots)
|Total Order Value
The decisiveness of the company’s leadership in valuing the shares between ₹51 to ₹54 also sends a strong market signal. This price range aims not just to attract a wide variety of investors but also to mirror the confidence the company has in its valuation and future prospects.
Kay Cee Energy & Infra aims to allocate the newly raised funds for working capital requirements and other corporate purposes, demonstrating forward-thinking in addressing its operational and strategic needs. The company’s workforce of over 174 individuals bears testimony to its growing operations and reflects the potential for scaling operations post-IPO.
Kay Cee Energy & Infra IPO Strengths and Weaknesses
Diving into the Kay Cee Energy & Infra IPO, it’s clear that the company’s robust presence in the power sector and its strategic plans for expansion make it a noteworthy contender for investors looking for opportunities in this domain. With a set price band that’s accessible to a wide range of investors and a focus on using the raised capital for operational growth, I’m optimistic about the company’s prospects. The decision to list on the National Stock Exchange SME segment also speaks volumes about their readiness to embrace larger market challenges. While the lack of an OFS might be a concern for some, it underscores the company’s commitment to reinvestment and long-term value creation. As the IPO unfolds, I’ll be keeping a close eye on how this move bolsters Kay Cee Energy’s position in the ever-evolving power sector.
How to Apply for Kay Cee Energy & Infra IPO
To apply for an IPO on Upstox, you can follow these steps:
- Log in to Upstox using your mobile number or User ID.
- Enter the OTP sent to your registered mobile number.
- Enter your 6-digit PIN to access your account.
- Visit the ‘Discover’ tab from the navigation bar at the bottom and click on ‘Invest in IPO.’
- Select the IPO you wish to apply for from the list.
- Fill in the application’s required details, such as your PAN number, Demat account number, quantity, and bid price.
- Submit your application.
- Verify your personal details and authorize your transaction.
- Wait for the UPI mandate, which you will receive on your registered mobile number. Accept the mandate to block the IPO application amount.
- Check the status of your application on the Upstox platform.