Kay Cee Energy & Infra IPO GMP

Kay Cee Energy and Infra Limited, an engineering, procurement, and construction (EPC) company specializing in power transmission and distribution systems, is all set to launch its SME IPO on the NSE Emerge platform. The IPO comes with a total issue size of ₹15.93 Crores, comprising 100% fresh shares. The subscription window for this IPO is scheduled to open from December 28, 2023, to January 2, 2024. Each share has a face value of ₹10, and investors can apply by purchasing at least one lot of 2000 shares or in multiples thereof. The IPO is priced between ₹51 to ₹54 per share.

One of the factors that potential investors often consider before participating in an IPO is the Grey Market Premium (GMP). The GMP is a crucial indicator of market sentiment and can provide insights into how the IPO might perform on its listing day. In this blog, we will delve into the details of Kay Cee Energy & Infra IPO’s Grey Market Premium (GMP), its significance, and factors to consider before making an investment decision.

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Also See: All IPO GMP Price Today

Understanding Kay Cee Energy & Infra IPO GMP

Grey Market Premium (GMP) refers to the price at which an IPO is traded in an unofficial and unregulated market, often referred to as the grey market, before its official listing on the stock exchange. The GMP reflects market sentiment and expectations surrounding the IPO. It is important to note that the grey market operates independently of the stock exchange and is not regulated by any financial authority.

Also Read: Indian IPO Boom Continues: Rs 60,000 Crore in Share Sales Lined Up for New Year

As of January 05, 2024, the Grey Market Premium for Kay Cee Energy & Infra SME IPO stands at ₹90 per share. To estimate the expected listing price, we can add the GMP to the upper price band, which is ₹54. Doing the math, the estimated listing price for Kay Cee Energy & Infra SME IPO would be ₹144 per share. This implies a potential gain of 166.67% over the IPO issue price.

Here’s a table summarizing the GMP and estimated listing prices for Kay Cee Energy & Infra IPO on different dates: [ Last Updated: 05 Jan, 2024; 10:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
05-01-2024₹54.00₹90136800₹144 (166.67%)
04-01-2024₹54.00₹90136800₹144 (166.67%)
03-01-2024₹54.00₹67101800₹121 (124.07%)
02-01-2024₹54.00₹6598800₹119 (120.37%)
01-01-2024₹54.00₹6091200₹114 (111.11%)
31-12-2023₹54.00₹6091200₹114 (111.11%)
30-12-2023₹54.00₹6091200₹114 (111.11%)
29-12-2023₹54.00₹6091200₹114 (111.11%)
28-12-2023₹54.00₹4568400₹99 (83.33%)
27-12-2023₹54.00₹4060800₹94 (74.07%)
26-12-2023₹54.00₹4060800₹94 (74.07%)
25-12-2023₹54.00₹3553200₹89 (64.81%)
24-12-2023₹54.00₹3553200₹89 (64.81%)
23-12-2023₹54.00₹3553200₹89 (64.81%)
22-12-2023₹54.00₹3045600₹84 (55.56%)
21-12-2023₹54.00₹913700₹63 (16.67%)

Also Read: Benefits and Risks of Investing in IPO

Significance of Grey Market Premium

The Grey Market Premium serves as an early indicator of market sentiment and demand for an IPO. Here’s what the GMP can signify:

  1. Positive GMP: A positive GMP suggests that there is strong demand for the IPO shares in the grey market. Investors may anticipate a healthy listing gain on the stock exchange.
  2. Negative GMP: Conversely, a negative GMP implies that the IPO is not receiving much interest in the grey market, which could be indicative of potential listing losses.
  3. Volatility: It’s crucial to note that GMP can fluctuate rapidly and is subject to market dynamics. Therefore, it should not be the sole basis for making an investment decision.
  4. Investor Sentiment: The GMP can provide insights into the overall investor sentiment towards the IPO and the company’s prospects.

Also Read: When Can a Company Go for IPO in India

About Kay Cee Energy & Infra

Kay Cee Energy and Infra Limited is an EPC company founded in January 2015. The company specializes in the construction and commissioning of power transmission and distribution systems, including overhead and underground lines, substation construction, automation, and more. They cater to government agencies and private companies, including Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL). Key strengths of the company include a strong order backlog, execution capabilities, existing customer relationships, guaranteed quality, and an experienced management team.

Kay Cee Energy IPO

IPO Objective

The net proceeds from the IPO will be utilized for funding the company’s working capital requirements and general corporate purposes.

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

IPO Timeline

Here are the important dates related to Kay Cee Energy & Infra SME IPO:

  • SME IPO Open Date: December 28, 2023
  • SME IPO Close Date: January 2, 2024
  • Basis of Allotment Finalization Date: January 3, 2024
  • Refunds Initiation: January 3, 2024
  • Credit of Shares to Demat Account: January 4, 2024
  • SME IPO Listing Date: January 5, 2024

Conclusion

The Grey Market Premium for Kay Cee Energy & Infra SME IPO can provide potential investors with valuable insights into market sentiment and expectations. However, it’s essential to remember that GMP is not a guarantee of future performance, and investing in IPOs always carries inherent risks. Before making any investment decisions, it is advisable to conduct thorough research, consider the company’s fundamentals, and assess your risk tolerance. IPOs can be an exciting investment opportunity, but prudent decision-making is key to successful investing in the stock market.

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Disclaimer: The information provided on this website is for informational purposes only and should not be construed as financial or investment advice. Users are advised to do their own research and consult a qualified financial advisor before making any investment decisions.

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