Kay Cee Energy & Infra IPO: Check Bidding Amount, Price Band & More

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by Sandip Das on 28 December 2023,  4 min read

Kay Cee Energy & Infra IPO: Check Bidding Amount, Price Band & More - MyDhanush Blogs by Ashika
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Kay Cee Energy & Infra Limited IPO has opened for subscription on December 28. The issue and will close on January 2, 2024. The IPO price band is set in the range of Rs 51 to Rs 54. Kay Cee Energy & Infra IPO lot size consists of 2,000 shares. Investors can bid for a minimum of 2,000 shares and in multiples thereof.

About the Company:

Kay Cee Energy & Infra Private Limited is an engineering, procurement, and construction (EPC) services firm, with a specialized focus on extra high voltage (EHV) power transmission lines. Since its inception in 1996 as a proprietorship firm by the visionary Lokendra Jain, the company has embarked on a journey of growth, innovation, and transformation.

Also read: Akanksha Power IPO: Check Out Price Band, Lot Size & More

Kay Cee Energy and Infra Limited offers services for building and commissioning power transmission and distribution networks. Engineering, procurement, and construction (EPC) projects are handled by the company for government organisations like Rajasthan Rajya Vidyut Prasaran Nigam Limited.

Company Financials:
Particulars June 30, 2023 March 31, 2023 March 31, 2022
Revenue from operations 955.18 6,109.18 4,959.36
Profit after Tax 120.74 550.71 310.05
Issue Size:

Kay Cee Energy & Infra Limited IPO, which is worth Rs 15.93 crore, is completely a fresh issue of 29,50,000 equity share. There is no offer for sale (OFS) component, according to RHP.

IPO Reserve Portion
  • Qualified Institutional Buyers (QIB): Not more than 50 percent of the shares in the public issue
  • Non Institutional Investors (NII): Not less than 15 percent
  • Retail Investors: Not less than 35 percent
  •  The market maker portion consists of up to 1,90,000 equity shares or 6.44 percent of the issue
Objectives of the Issue

The company intends to use the net proceeds of the offering for general corporate purposes and financing the company’s working capital needs.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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