
Kay Cee Power & Infra IPO allotment seemingly immediately
The much-awaited foundation of allotment of Kay Cee Power & Infra IPO shares goes to be finalised by the tip of January 3. All of the buyers who participated within the public problem will get the details about allotment both by message, e mail, WhatsApp or apps.
The profitable buyers will get fairness shares of their demat accounts as properly and unsuccessful individuals will get refunds by the tip of January 4. The rationale behind the much-awaited allotment is the sturdy subscription numbers obtained by the maiden public problem.
The Kay Cee Power & Infra IPO has obtained the highest-ever subscription numbers within the small & medium enterprise (SME) section. The Rs 15.93-crore supply was subscribed 959.5 instances with bids coming in for Rs 11,140.2 crore value of shares towards the Rs 11.61 crore shares.
Excessive networth people (HNIs) and retail buyers seemed an excessive amount of aggressive whereas bidding for the supply, shopping for round 1,700 instances and 1,330 instances the parts put aside for them. Certified institutional consumers (QIBs) picked greater than 120 instances the allotted quota.
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Given the large subscription numbers, the fairness shares will probably be allotted on a proportionate foundation, which implies all buyers won’t get shares and those that obtain will get no less than 2,000 shares i.e. one lot.
Traders can examine the share allotment standing both on the NSE portal or IPO registrar’s web site by following a number of simple steps.
On the IPO registrar’s web site,
1) Choose firm title ‘Kay Cee Power & Infra Restricted’ within the dropdown
2) Choose and accordingly enter both ‘Software No/CAF No’, or ‘Beneficiary Id’, or ‘PAN Quantity’
3) Enter Captcha (accessible in six digits) and at last click on on ‘Search’ button
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On the NSE portal,
1) One must first login with Username and Password
2) In IPO bid particulars, choose firm title with image “KCEIL’ and enter ‘PAN Quantity’
3) Enter ‘Software No’ and click on on ‘Get Information’
The Rajasthan-based engineering, procurement and development (EPC) firm that gives specialised providers of development and commissioning of energy transmission and distribution techniques has raised Rs 15.93 crore by its public problem. The worth band for the supply was Rs 51-54 per share.
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The IPO comprised solely a contemporary problem element, therefore your entire internet problem proceeds (excluding supply bills) will probably be utilised for the corporate. Of which, Rs 13 crore will probably be used for working capital necessities and the remaining will probably be saved for basic company functions.
As of September 2023, the corporate has 15 initiatives in hand with a complete order ebook worth of Rs 549.9 crore. Nearly all of initiatives are from public sector items and state authorities businesses, which contributed 77 % to income from operations in FY23.
Kay Cee Power & Infra has recorded a internet revenue of Rs 5.5 crore for the yr ended March FY23, up from Rs 3.1 crore within the earlier yr, and the income from operations throughout the identical interval elevated to Rs 61.09 crore from Rs 49.6 crore.
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Web revenue for the quarter ended June FY24 stood at Rs 1.2 crore on income of Rs 9.55 crore.
The buying and selling in fairness shares of Kay Cee will start on the NSE Emerge with impact from January 5, as per the IPO schedule.
Its IPO shares have been accessible with greater than 100% premium within the gray market, over the higher worth band, analysts on anonymity mentioned. The gray market is an unofficial platform, whereby the IPO shares will be purchased and offered until the itemizing.