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A brief analysis of Kay Cee Energy Infra IPO
Kay Cee Energy Infra IPO was available for subscription on December 28, 2023, and it ended on January 2, 2024. The company is a book-building issue with an IPO priced between 51 and 54 per share. The face value of a share is 10. Since this is a book-built issue, the final cost will be found in the band above. There is no offer for sale (OFS) component to the Kay Cee Energy & Infra IPO; it is solely a fresh issue component.
The new issue portion will reduce equity and EPS. Kay Cee Energy Infra IPO will issue a total of 29,50,000 shares (29.50 lakh shares) as part of the IPO’s fresh issue portion. At the upper band IPO price of ₹54 per share, this will result in a fresh fundraising of ₹15.93 crore.
The fresh issue component will likewise double the total IPO size because there isn’t an offer for sale (OFS). As a result, the total IPO size will also include the issuance of 29,50,000 shares (29.50 lakh shares), which adds up to an overall IPO size of ₹15.93 crore at the upper IPO band price of ₹54 per share. This issue, like all SME IPOs, includes a market-making portion with a 1,90,000 share market maker inventory allocation. Two-way quotes will be offered by the market maker, Giriraj Stock Broking Private Ltd, to guarantee low basis costs and liquidity following listing.
At present, the promoter’s stake in the company is 96.12%. The promoter equity holding share will be diluted to 70.25% following the IPO. The proceeds of Kay Cee Energy Infra IPO new issue will be used to cover general corporate expenses as well as any gaps in working capital. The issue’s registrar will be Bigshare Services Private Ltd, and its lead manager will be GYR Capital Advisors Private Ltd. For this issue, Giriraj Stock Broking Private Ltd. is the market maker.
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Checking the allotment status of Kay Cee Energy Infra IPO
How to check the status of allocation. The exchange website does not provide a facility for checking the allotment status for NSE SME IPOs, and BSE only provides allotment status for mainboard IPOs and BSE SME IPOs. If you applied to the initial public offering (IPO), you have two options for checking the status of your allotment: either visit the Bigshare Services Private Limited website to check your allotment, or use the broker link provided if your broker is providing such a direct linkage. The procedures to check the status of your allotment on the registrar’s website are as follows.
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looking up Kay Cee Energy Infra IPO allotment status on Bigshare Services Private Limited’s website (Registrar to IPO)
Visit the Bigshare Services registrar website for IPO status by clicking on the link below:
https://www.bigshareonline.com/ipo_Allotment.html
Three things need to be kept in mind. First, you can visit the allotment checking page by simply clicking on the hyperlink provided above. If you are unable to click on the link, you have an additional option. Copy the link and paste it into your web browser. Thirdly, there’s another way to get to this page from Bigshare Services Private Ltd’s home page. Just click on the IPO Allotment Status link that’s prominently placed there. Everything functions identically and directs you to the same landing page.
There are three servers available for you to choose from when you visit Bigshare Services Private Ltd’s IPO allotment check landing page: Server 1, Server 2, and Server 3. These are merely server backups in case one of the servers is overloaded, so there’s no need to worry. You can choose from any of these three servers; if you are having trouble connecting to one, try the other. Whichever server you choose, it makes no difference—the output will remain the same. This is merely a way to distribute the server load during periods of high user traffic.
You can choose Kay Cee Energy Infra IPO from the dropdown box once the allotment status is confirmed, as this dropdown only displays active IPOs. In this instance, you can access the details on the registrar’s website either late on January 3, 2024, or by midday on January 4, 2024, as the basis of allotment will be finalized on that day. There are three ways to find out the allotment status for the IPO once the company has been chosen from the dropdown box.
• To begin with, you can use your Application Number or CAF Number to view the allotment status. The Composite Application Form, or CAF for short, is found on the acknowledgment slip you receive after submitting your IPO application. After entering the Application or CAF number, press the “Search” button. Enter the application exactly as it appears on the acknowledgment slip that you received after submitting your IPO application. After that, you can obtain the specifics of the shares that were assigned to you in the IPO by clicking on the Search button. You will be prompted to enter a 6-digit Captcha code before you can view the output. If more options are needed, you can toggle them.
• The second option is to search using your demat account’s Beneficiary ID. You must first choose the name of the depository—NSDL or CDSL, for example—from the dropdown box to which your demat account is linked. For NSDL, fill out the designated boxes with the DP and Client IDs. Simply enter the CDSL client number in the case of CDSL. Recall that the CDSL string is numeric, whereas the NSDL string is alphanumeric. You can find your DP and client ID information in the statement of account or your online DP statement. In both scenarios, you can then click the Search Button.
You will be prompted to enter a 6-digit Captcha code before you can view the output. If more options are needed, you can toggle them. The purpose of the captcha is to verify that the user gaining access to the allotment status is human and not a machine.
Thirdly, an income tax PAN number search is another option. Enter your 10-digit PAN number, an alphanumeric code, after choosing PAN (permanent account number) from the dropdown menu. You can find your PAN number on your PAN card or above your filed income tax returns. Click the Search Button after you have entered the PAN. You will be prompted to enter a 6-digit Captcha code before you can view the output. If more options are needed, you can toggle them. The purpose of the captcha is to verify that the user gaining access to the allotment status is human and not a machine.
The amount of shares of Kay Cee Energy & Infra Ltd allotted along with the IPO status will be shown on the screen. A screenshot of the screen can be saved for later use. Once more, you have until the end of January 4, 2024, or later, to confirm the demat credit.
Why subscriptions and quota allocation are important for allocation status
This represents a breakdown of the company’s total share issuance as well as the quota allotted to various investor classes. The secret to your chances of being allocated in the IPO is this.
| Investor Category | Shares Reservation Quota |
| Market Maker Shares | 1,90,000 shares (6.44% of total issue size) |
| Anchor Allocation shares | 8,00,000 shares (27.12% of total issue size) |
| QIB Shares Offered | 5,56,000 shares (18.85% of total issue size) |
| NII (HNI) Shares Offered | 4,22,000 shares (14.31% of total issue size) |
| Retail Shares Offered | 9,82,000 shares (33.29% of total issue size) |
| Total Shares Offered | 29,50,000 shares (100.00% of total issue size) |
At the close of bidding on January 02, 2024, Kay Cee Energy & Infra Ltd.’s initial public offering (IPO) saw a very strong response, with 1,052.45X subscriptions overall in the retail segment and 1,668.97 times subscriptions in the HNI / NII portion. The subscription for the QIB portion of the IPO was 127.71 times. The overall share allocation and oversubscription information as of the IPO’s closing on January 2, 2024, are shown in the table below.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in crore) |
| Anchor Investors | 1 | 8,00,000 | 8,00,000 | 4.32 |
| Market Maker | 1 | 1,90,000 | 1,90,000 | 1.03 |
| QIB Investors | 127.71 | 5,56,000 | 7,10,04,000 | 383.42 |
| HNIs / NIIs | 1,668.97 | 4,22,000 | 70,43,06,000 | 3,803.25 |
| Retail Investors | 1,311.10 | 9,82,000 | 1,28,74,98,000 | 6,952.49 |
| Total | 1,052.45 | 19,60,000 | 2,06,28,08,000 | 11,139.16 |
| Total Applications: 6,43,749 applications (1,311.10 times) |
On January 3, 2024, the allocation basis will be finalized, and on January 4, 2024, the refund process will begin. Furthermore, the stock is scheduled to be listed on the NSE SME segment on January 5, 2024, and the demat credits are anticipated to occur on January 4, 2024. Unlike the mainboard, this is the section where small and medium-sized business (SMEs) IPOs are nurtured. By the end of January 4, 2024, the demat credits to the demat account, up to the allotted amount, will occur under ISIN Number (INE0RCG01017).
Because it affects one’s chances of receiving an allocation, the subscription level is very important. Generally speaking, the likelihood of allotment decreases with increasing subscription ratio and vice versa. In this instance, both the Retail and HNI/NII segments of the IPO had extremely high subscription levels. It is important for IPO investors to evaluate their chances of allocation appropriately. Once the basis of allotment has been decided upon and uploaded for your review, the final status will be known.
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