Marking a pivotal stride in its corporate journey, Kay Cee Energy & Infra Ltd has unveiled its plans for an initial public offering (IPO). This significant venture encompasses the issuance of 2.95 million shares, culminating in an aggregate value of approximately ₹15.93 Crores. This strategic initiative underlines the company’s ambition to augment its financial foundations, bolster its presence in the market, and fuel future growth trajectories.
IPO Overview
Attribute | Detail |
---|---|
Subscription Window | December 28, 2023, to January 2, 2024 |
Tentative Listing Date | January 5, 2024 |
Nature of the IPO | Book Built Issue |
Listing Venue | NSE SME |
Price Spectrum | ₹51 to ₹54 per share |
Minimum Subscription Unit | 2000 Shares (Lot Size) |
Total Offering | 2.95 million shares, aggregating to ₹15.93 Crores |
Allocation Framework
The IPO’s share allocation is meticulously crafted, balancing the interests of diverse investor segments, thereby ensuring a harmonious blend between retail and institutional participation.
Investor Category | Allocated Shares | Percentage of Total Offering |
---|---|---|
Anchor Investors | 800,000 shares | 27.12% |
Qualified Institutional Buyers (QIB) | 556,000 shares | 18.85% |
Non-Institutional Investors (NII) | 422,000 shares | 14.31% |
Retail Investors | 982,000 shares | 33.29% |
Advisory and Management Team
The orchestration of Kay Cee Energy & Infra’s IPO is in the capable hands of a team of seasoned professionals:
- Book Running Lead Manager: GYR Capital Advisors Private Limited
- Registrar: Bigshare Services Pvt Ltd, renowned for their adept handling of public offerings.
- Market Maker: Giriraj Stock Broking, ensuring post-listing liquidity and stability in the market.
Operational and Financial Highlights
Since its inception in 2015, Kay Cee Energy & Infra has carved a niche in the realm of electricity transmission and distribution system construction and commissioning. The company’s expansive portfolio includes high-value EPC projects, catering to a mix of government and private sector clients, indicative of its robust growth and market standing.
Detailed Financial Metrics
Fiscal Period Ending | Assets (₹ Lakhs) | Revenue (₹ Lakhs) | Profit After Tax (₹ Lakhs) |
---|---|---|---|
June 30, 2023 | 8,332.09 | 964.29 | 120.74 |
March 31, 2023 | 8,017.57 | 6,132.07 | 550.71 |
March 31, 2022 | 6,370.15 | 5,012.55 | 310.05 |
March 31, 2021 | 3,807.83 | 3,559.13 | 187.47 |
Investor Response and Market Perception
The IPO’s initial subscription rates mirror the high confidence and interest from various investor demographics. The robust response on day one, with a subscription rate of 14.57 times, underscores the market’s optimistic perception of Kay Cee Energy & Infra.
Investor Segment | Subscription Rate |
---|---|
QIB | 1.87 times |
NII | 14.88 times |
Retail | 21.64 times |
Strategic Implications
Beyond financial implications, this IPO represents a strategic maneuver to amplify Kay Cee Energy & Infra’s market footprint, enhance operational capacities, and propel the company towards industry leadership. The firm’s solid financial underpinnings and growth trajectory render this IPO an attractive investment opportunity for those seeking medium to long-term growth.
Conclusion
Kay Cee Energy & Infra’s IPO signifies a vital phase in the company’s evolution, presenting investors with a unique opportunity to engage in its growth narrative. Bolstered by strong financial health, strategic expansion plans, and potential in the burgeoning infrastructure sector, the IPO stands as a compelling investment proposition for those looking to diversify their portfolios with a promising asset.