Kay Cee Energy & Infra IPO opens: Check GMP, subscription status, other details of SME issue

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Also Read: Firstcry's parent Brainbees Solutions files IPO papers with Sebi Let us check Kay Cee Energy IPO subscription status, GMP and other key details: Kay Cee Energy IPO opened for subscription on Thursday, December 28, and will close on Tuesday, January 2, 2024. The IPO allotment is expected to be finalized on January 3 and the shares of Kay Cee Energy & Infra will list on NSE SME with a tentative listing date fixed on January 5, 2024. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Kay Cee Energy & Infra IPO size is ₹15.93 crore which is entirely a fresh issue of 29.5 lakh shares.

The IPO price band is set at ₹51 to ₹54 per share. The lot size is 2,000 shares and the minimum investment amount required by retail investors is ₹108,000. GYR Capital Advisors Pvt Ltd is the book running lead manager of the Kay Cee Energy & Infra IPO, while Bigshare Services Pvt Ltd is the IPO registrar.

Kay Cee Energy & Infra IPO has been subscribed 24.26 times so far on December 28, the first day of the bidding process. The public issue received bids for 4.75 crore equity shares as against IPO size of 19.60 lakh shares, as per data available till 2:35 pm. The IPO received 37.19 times subscription in the retail category and 2.23 times subscription in the Qualified Institutional Buyers’ (QIB) category.

The Non-Institutional Investors’ (NII) portion was booked 23.19 times so far. Also Read: Azad Engineering share price jumps after strong debut. Buy, sell or hold? Kay Cee Energy IPO GMP today, or grey market premium today, is ₹45 per share, market observers said.