Kay Cee Energy IPO GMP (Grey Market Premium)

The Kay Cee Energy IPO GMP has a face value of 10 per share, and the book-building issue has an IPO price band of 51 to 54 per share. The ultimate cost will be found in this range. The sole component of Kay Cee Energy’s IPO is a fresh issue; there is no offer for sale (OFS) component. 29,50,000 shares (or 29.50 lakh) will be issued in the new issue; at the upper IPO price range of ₹54 per share, this equates to ₹15.93 crore. The fresh issue size doubles the total IPO size because there is no OFS portion.

In addition, 29,50,000 shares (or 29.50 lakh) will be issued, bringing the total IPO size to ₹15.93 crore at the upper IPO price range of ₹54 per share. With 1,90,000 shares allocated to the market maker, prices will be maintained after listing and wide bid-ask spreads will be avoided. The promoter’s share of Kay Cee Energy & Infra Ltd will decrease from 96.12% to 70.25% following the IPO. The additional funds will cover working capital requirements. The issue’s registrar will be Bigshare Services Private Ltd, and its lead manager will be GYR Capital Advisors Private Ltd.

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Kay Cee Energy IPO GMP

Trading in the grey market price (GMP) typically begins four to five days before the IPO opens and lasts until the listing date. We already have GMP data for the last two days in the case of Kay Cee Energy & Infra Ltd, which ought to provide a fair indication of the likely listing.

The GMP is impacted by two things. First off, the GMP is greatly impacted by the state of the market, particularly by the liquidity conditions therein. Second, as a measure of investor interest in the stock, the IPO’s level of subscription has a significant effect on the GMP. Technically, GMP could even be negative, in which case the stock would list below the issue price.

Here’s one little thing to keep in mind. The GMP is merely a widely accepted informal price point; it is not an official one. It has, however, generally been found to be a reliable informal indicator of supply and demand for the IPO. As a result, it does provide a general idea of how the listing and the stock’s performance would likely unfold.

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What is the current status of Kay Cee Energy’s IPO GMP?

GMP frequently accurately depicts the true stock narrative. The GMP trend over time provides more information about the direction of the wind than the actual price. For the Kay Cee Energy IPO, for which data is available, here is a brief GMP summary.

Naturally, since the GMP would be greatly impacted by the actual subscription numbers that come in after the issue opens on December 28, 2023, we must wait and monitor the situation. Historically, there has been a strong upward shift in the pricing of stocks that were oversubscribed during their initial public offering (IPO). To begin with, Kay Cee Energy & Infra Ltd has only made very little progress in the grey market.

Based on Kay Cee Energy & Infra Ltd’s upper band IPO price of ₹54 per share, the GMP indicator suggests that the listing price on December 22, 2023, will likely be approximately ₹63 per share. This is dynamic and constantly evolving. The stock subscription update will be one data point to monitor, as it will show the GMP’s trajectory.

There is a healthy 16.67% listing premium for Kay Cee Energy & Infra Ltd over the IPO issue price, as indicated by the GMP of ₹9 on the upper band IPO price of ₹54. That assumes that on January 5, 2024, when Kay Cee Energy & Infra Ltd lists, the listing price will be roughly ₹63 per share. Naturally, there is a margin of error because these are only estimates. The GMP trend should be closely watched since it provides the best indications regarding listing status. Observe the trend of the time series rather than the exact values.

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Application Process of The Kay Cee Energy & Infra Ltd Solutions IPO

For the IPO investment, a minimum lot size of 2,000 shares will be required. Retail investors can therefore participate in the IPO for a minimum of ₹108,000 (2,000 x ₹54 per share). Additionally, it is the maximum amount that regular investors may contribute to the IPO. Investors who qualify as HNIs or NIIs must invest a minimum of two lots, each consisting of four thousand shares, with a minimum lot value of ₹216,000. Both QIBs and HNI/NII investors have no upper limit on what they can apply for. The breakdown of lot sizes for each category is shown in the table below.

The market makers have allocated 6.44% of the issue size to Kay Cee Energy & Infra Ltd. The retail investors, QIBs, and HNI/NII investors will split the net offer (net of market maker allocation). The table below provides a breakdown of Kay Cee Energy & Infra Ltd’s entire initial public offering (IPO) in terms of how each category was allocated.

Important times for Kay Cee Energy & Infra Ltd IPO

Subscriptions for the issue are available starting on December 28, 2023, and ending on January 02, 2024 (inclusive). 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 (SME) 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).

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