Kay Cee Energy & Infra IPO: Check GMP, subscription status on day 4, other key details

Kay Cee Energy & Infra Limited IPO opened for subscription on Thursday, December 28, and will close on Tuesday, January 2. Kay Cee Energy & Infra IPO price band has been set in the range of ₹51 to ₹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.

The floor price is 5.1 times of the face value of ₹10 and the cap price is 5.4 times of the face value of the equity shares. The price/earnings ratio based on diluted EPS for year ended March 2023 for the company at the upper end of the price band is 7.59.

The allocation to anchor investors for Kay Cee Energy & Infra Limited IPO is scheduled to take place Wednesday, December 27.

Kay Cee Energy & Infra IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors. The market maker portion consists of up to 1,90,000 equity shares or 6.44% of the issue.

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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 ("RRVPNL").

Between the fiscal year ending on March 31, 2023, and March 31, 2022, Kay Cee Energy & Infra Limited’s revenue grew by 22.33% and profit after tax (PAT) increased by 77.62%.

As per the Red herring prospectus (RHP), the company's listed peers are Viviana Power Tech Limited (with a P/E of 24.17), and Kec International Limited (with a P/E of 96.93).

Also Read: Kay Cee Energy & Infra IPO Day 2: Issue booked over 96 times so far; check GMP, subscription status, other details

Kay Cee Energy & Infra Limited IPO details

Kay Cee Energy & Infra Limited IPO, which is worth ₹15.93 crore, is completely a fresh issue of 2,950,000 equity share; there is no offer for sale (OFS) component, according to RHP.

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

The registrar for the Kay Cee Energy & Infra IPO is Bigshare Services Pvt Ltd, and the book running lead manager is GYR Capital Advisors Private Limited. Giriraj Stock Broking is the market maker for the Kay Cee Energy & Infra IPO.

Also Read: Kay Cee Energy & Infra Limited IPO opens next week, price band set at ₹51-54 apiece

Kay Cee Energy & Infra Limited IPO subscription status

Kay Cee Energy & Infra Limited IPO subscription status is 1,052.45 times on day 4. The issue received stellar response from retail investors who's portion set was subscribed 1,311.10 times, and non-institutional buyers who's portion was subscribed 1,668.97 times, according to data on chittorgarh.com. Qualified Institutions buyers subscribed 127.71 times.

The company has received bids for 2,06,28,08,000 shares against 19,60,000 shares on offer, according to data on chittorgarh.com.

Kay Cee Energy & Infra Limited IPO subscription status is 416.01 times on day 3. The SME IPOs issue was subscribed 163.74 times on day 2, and the issue was subscribed 47.93 times on day 1. 

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Kay Cee Energy & Infra Limited IPO GMP

Kay Cee Energy & Infra Limited IPO GMP or grey market premium is +65. This indicates Kay Cee Energy & Infra share price were trading at a premium of ₹65 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Kay Cee Energy & Infra share price is ₹119 apiece, which is 120.37% higher than the IPO price of ₹54.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

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