Kay Cee Energy share price makes stellar debut, opens at 367% premium at ₹252 apiece on NSE SME

  • Kay Cee Energy & Infra IPO listed at 252 per share, 366.67% higher than the issue price of 54. Kay Cee Energy & Infra IPO received stellar response, with subscription status at 1,052.45 times on day 4.

Dhanya Nagasundaram
First Published5 Jan 2024, 10:03 AM IST
Kay Cee Energy & Infra IPO shares list on NSE SME today
Kay Cee Energy & Infra IPO shares list on NSE SME today(https://kayceeenergy.com/)

Kay Cee Energy & Infra IPO listing date: Kay Cee Energy & Infra Limited share price made a blockbuster debut on Friday. On NSE SME, Kay Cee Energy share price was listed at 252 per share, 366.67% higher than the issue price of 54.

Kay Cee Energy & Infra Limited IPO opened for subscription on Thursday, December 28, and closed on Tuesday, January 2. Kay Cee Energy & Infra IPO price band was set in the range of 51 to 54. Kay Cee Energy & Infra IPO lot size consisted of 2,000 shares. Investors could bid for a minimum of 2,000 shares and in multiples thereof.

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Kay Cee Energy & Infra Limited IPO subscription status

Kay Cee Energy & Infra Limited IPO subscription status was 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.

Also Read: Kay Cee Energy IPO allotment finalised; GMP steady, steps to check Kay Cee IPO allotment status

The company 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 was 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.

Kay Cee Energy & Infra Limited IPO details

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

Also Read: Exicom Tele-Systems raises 71 crore via pre-IPO placement, allots 52.6 lakh shares to five investors

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 IPO: Check GMP, subscription status on day 4, other key details

Kay Cee Energy & Infra IPO GMP today

Kay Cee Energy IPO GMP today or grey market premium is +90, similar to the previous session. This indicates Kay Cee Energy & Infra share price were trading at a premium of 90 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 144 apiece, which is 166.67% higher than the IPO price of 54.

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

Also Read: Ahmedabad-based Sanstar files DRHP for IPO with SEBI

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

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First Published:5 Jan 2024, 10:03 AM IST
HomeMarketsIPOKay Cee Energy share price makes stellar debut, opens at 367% premium at ₹252 apiece on NSE SME

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