Kay Cee Energy & Infra IPO will open for subscription from 28 December 2023. The company aims for an issue size of ₹15.93 Cr through this IPO.
Company Overview
| Full name | Kay Cee Energy & Infra Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | https://kayceeenergy.com/ |
About Company
Kay Cee Energy & Infra operates as an Engineering, Procurement, and Construction (EPC) firm, delivering specialized services for constructing and commissioning power transmission and distribution systems. This encompasses the installation of overhead and underground lines, substation construction, automation, and related services. The company takes on EPC projects for various government entities, such as Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL). Kay Cee Energy’s service portfolio encompasses the handling, erection, testing, and commissioning of equipment and materials for power transmission and distribution systems. This includes lines, substation construction, and automation services, as well as the augmentation, modification, and extension of existing power systems. The company also provides operation and maintenance services for 132 kV substations, maintenance for substations up to 400 kV level, and maintenance for Extra High Voltage (EHV) lines up to 765 kV level. This includes the deployment of Emergency Restoration Systems (ERS) for breakdown maintenance and related tasks.
As of 30 September 2023, the company is currently handling 15 projects, with a combined order book value of approximately INR 549.90 crores. Kay Cee Energy also engages in EPC projects for private entities, including but not limited to Wonder Cement Limited, H G Infra Engineering Limited, Gawar Construction Limited, Raj Shyama Constructions Private Limited, DRAIPL-GCC (JV), DMIA Nyati LLP, Larsen & Toubro Limited, Sadbhav Engineering Limited, and others.
The Objectives of the Issue
- Funding the working capital requirements of the company.
- General corporate purposes.
Kay Cee Energy & Infra IPO Timetable
| IPO Opening date | 28 December 2023 |
| IPO Closing | 02 January 2024 |
| Basis of Allotment | 03 January 2024 |
| Initiation Refund | 03 January 2024 |
| Credit to Demat Account | 04 January 2024 |
| Listing Date | 05 January 2024 |
Kay Cee Energy & Infra IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹15.93 Cr – 2,950,000 shares |
| Fresh Issue | ₹15.93 Cr – 2,950,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 190,000 shares |
| Shareholding pre-issue | 8,010,000 |
| Shareholding post-issue | 10,960,000 |
| Listing Exchange | NSE SME |
Kay Cee Energy & Infra IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| HNI (Min) | 2 | 4,000 | ₹216,000 |
Kay Cee Energy & Infra IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 800,000 (27.12%) |
| Market Maker Shares Offered | 190,000 (6.44%) |
| QIB Shares Offered | 556,000 (18.85%) |
| NII (HNI) Shares Offered | 422,000 (14.31%) |
| Retail Shares Offered | 982,000 (33.29%) |
| Total Shares Offered | 2,950,000 (100%) |
Kay Cee Energy & Infra Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 34.77 | 49.59 | 61.09 | 9.55 |
| Expenses | 33.15 | 45.94 | 53.90 | 8.00 |
| Net income | 1.87 | 3.10 | 5.51 | 1.21 |
Kay Cee Energy & Infra Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.42 | 4.00 | 7.11 |
| PE ratio | – | – | 7.17 – 7.59 |
| RONW (%) | 14.09 | 18.90 | 25.13 |
| NAV | 532.23 | 656.25 | 876.54 |
| ROCE (%) | 16.43 | 19.86 | 22.32 |
| EBITDA (%) | 7.60 | 9.24 | 16.45 |
| Debt/Equity | 0.20 | 0.39 | 1.04 |
Company Promoters
- Mr. Lokendra Jain
- Mrs. Shalini Jain
Promoter Holding
| Pre Issue Share Holding | 96.12% |
| Post Issue Share Holding | – |
Kay Cee Energy & Infra IPO Lead Manager(s)
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Kay Cee Energy & Infra Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Kay Cee Energy & Infra Contact Details
KAY CEE ENERGY & INFRA LIMITED
9 Krishna Vihar, Near Chungi Naka, Nanta Road,
Kunhadi Kotal In Ladpura, Kota, Rajasthan-324001
Phone: +91 80009 79358
E-mail: info@kayceeenergy.in
Website: www.kayceeenergy.com
Kay Cee Energy & Infra IPO Allotment Status
Kay Cee Energy IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Kay Cee Energy & Infra IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
