Shares valued at Rs 54 were listed at Rs 252, resulting in a substantial 366% profit from this IPO, much to the satisfaction of investors.

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Stellar IPO Listing Performance: Kay Cee Energy & Infra shares made a grand entrance into the stock market on Friday, January 5. Listed on NSE SME at Rs 252, a staggering 366.67% above its issue price of Rs 54.

Investors Reap Bumper Profits:

Investors who participated in KC Energy’s IPO witnessed a profit surge of over 4.5 times on their initial investment. The seventh company this year to be listed in the stock market through the SME route.

Shares valued at Rs 54 were listed at Rs 252, resulting in a substantial 366% profit from this IPO, much to the satisfaction of investors.

Record-breaking Subscription Numbers:

  • KC Energy & Infra’s IPO, open for bidding from December 28 to January 2, achieved an unprecedented oversubscription of 1,052.45 times.
  • This marked the highest subscription ever recorded for any SME IPO.

Gray Market Expectations vs. Actual Listing:

  • In the gray market, the share was trading at a premium of Rs 82 (about 151% over the issue price), anticipating a listing at Rs 136.
  • The actual listing at Rs 252 exceeded expectations, showcasing the immense investor confidence.

Investor Participation Across Categories:

  • The IPO received bids for a remarkable 2,06,28,08,000 crore shares against the offering of 21.5 lakh shares.
  • Retail investors demonstrated significant enthusiasm, subscribing 1,311.10 times, while qualified institutional buyers and non-institutional buyers subscribed 127.71 times and 1,668.97 times, respectively.

About Kay Cee Energy & Infra:

  • Engaged in providing construction services for electricity transmission and distribution systems.
  • Holds an impressive order book value of Rs 549.9 crore as of September 2023, comprising 15 projects.
  • Collaborative ventures with industry leaders such as Sterlite Power Transmission and Jost Engineering for large-scale project bidding and execution.

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