Founded in 2015, Kay Cee Energy and Infra Limited provides services for the construction and commissioning of electricity transmission and distribution systems.

The company undertakes engineering, procurement and construction (EPC) projects for government entities such as Rajasthan Rajya Vidyut Prasaran Nigam Limited (“RRVPNL”).

The company’s service portfolio includes handling, erection, testing and commissioning of equipment and materials for power transmission and distribution systems, including transmission lines, construction of substations, automation, extension/modification and expansion of existing power systems.

The company also provides services for the operation and maintenance of 132 kV substations, maintenance of substations up to the 400 kV level and maintenance of high-voltage lines up to the 765 kV level, including the use of an emergency restoration system (ERS) for maintenance in the event of faults, etc.

The company has a strong base of loyal customers, including well-known public sector companies such as Rajasthan Rajya Vidyut Prasaran Nigam Limited and Power Grid Corporation of India Limited. Kay Cee Energy & Infra Limited also provides services to reputed private companies like 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 and Sadbhav Engineering Limited.

The company is certified as a quality management system according to ISO 9001:2015.

The company has adopted an internal integrated model to develop internal resources with key competencies to take a project from conception to completion.

As of September 30, 2023, the company has 15 projects in progress with a total contract value of approximately Rs. 54,990.27 lakhs.

As of August 31, 2023, the company employed over 174 employees, including 18 project managers, 30 supervisors/engineers and 126 skilled workers.


Kay Cee Energy & Infra IPO Details

IPO Date December 28, 2023 to January 2, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹51 to ₹54 per share
Lot Size 2000 Shares
Total Issue Size 2,950,000 shares
(aggregating up to ₹15.93 Cr)
Fresh Issue 2,950,000 shares
(aggregating up to ₹15.93 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue 8,010,000
Share holding post issue 10,960,000
Market Maker portion 190,000 shares


Kay Cee Energy & Infra IPO Timeline (Tentative Schedule)

Kay Cee Energy & Infra IPO opens on December 28, 2023, and closes on January 2, 2024.

IPO Open Date Thursday, December 28, 2023
IPO Close Date Tuesday, January 2, 2024
Basis of Allotment Wednesday, January 3, 2024
Initiation of Refunds Wednesday, January 3, 2024
Credit of Shares to Demat Thursday, January 4, 2024
Listing Date Friday, January 5, 2024
Cut-off time for UPI mandate confirmation 5 PM on January 2, 2024


Kay Cee Energy & Infra IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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 Promoter Holding

Mr. Lokendra Jain and Mrs. Shalini Jain are the promoters of the company.

Share Holding Pre Issue 96.12%
Share Holding Post Issue 70.25%


Kay Cee Energy & Infra Limited Financial Information (Restated)

Kay Cee Energy & Infra Limited’s revenue increased by 22.33% and profit after tax (PAT) rose by 77.62% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 30 Jun 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 8,332.09 8,017.57 6,370.15 3,807.83
Revenue 964.29 6,132.07 5,012.55 3,559.13
Profit After Tax 120.74 550.71 310.05 187.47
Net Worth 2,312.08 2,191.34 1,640.63 1,330.58
Reserves and Surplus 2,287.08 2,166.34 1,615.63 1,305.58
Total Borrowing 2,405.41 2,289.42 646.90 272.27
Amount in ₹ Lakhs


Key Performance Indicator

Kay Cee Energy & Infra IPO Market Cap is Rs 59.18 Cr and P/E (x) is 7.59.

KPI Values
P/E (x) 7.59
Post P/E (x) 12.25
Market Cap (₹ Cr.) 59.18
ROE 25.13%
ROCE 22.32%
Debt/Equity 1.04
EPS (Rs) 7.11
RoNW 25.13%

Objects of the Issue (Kay Cee Energy & Infra IPO Objectives)

The company proposes to utilize the Net Proceeds from the Issue towards the following objects:

  1. Funding the working capital requirements of the company.
  2. General corporate purposes.