SME IPO: Kay Cee Energy and Infra issue to open on Thursday. Check issue size, price band and other details
1) Company Overview
Kay Cee Energy & Infra is an engineering, procurement and construction (EPC) company providing specialized services of commissioning EHV power transmission lines to various government authorities and private entities.
2) Industry Overview
India is the world's third-largest producer and second-largest user of energy. The installed power capacity in India has increased from 356 GW in fiscal 2019 to 416 GW in FY23.
The same increased by 5% year-on-year in July 2023 to 424 GW.
3) Issue Size
The IPO is entirely a fresh equity issue of up to 29.5 lakh shares aggregating up to Rs 15.9 crore.
4) Price Band
The company is offering its shares at Rs 51-54 apiece, and investors can bid for 2,000 shares in one lot.
5) Financial Performance
For the period ended June, the company clocked revenues of Rs 9.55 crore and net profit of Rs 1.2 crore.
6) Objects of the offer
The net proceeds from the public offer will be used for funding capital requirements and general corporate purposes.
7) Lead managers and Registrar
GYR Capital Advisors is acting as the lead manager to the issue and Bigshare Services is the registrar.
8) Issue Structure
About 50% of the offer is reserved for qualified institutional investors, 35% for retail investors and 15% for non-institutional investors.
9) Important dates
The IPO opens on December 28 and will close on January 2. The final allotment will likely be made on January 3.
