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News Details

21/12/2023 10:30

Kay Cee Energy & Inf announces launch of initial public offering

Kay Cee Energy & Infra Ltd. has announced public offering of 2950000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 44.00 per share. The gross proceeds of the issue are expected to be Rs 1,593.00 lakhs.

The company's initial public offer (IPO) will open on 28 December 2023 and is expected to close on 02 January 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 51.00-54.00 per share.

The IPO includes a fresh Issue of 2950000 Equity Shares of the Company at an price of Rs 54.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Kay Cee Energy & Infra Ltd. anticipates using the proceeds of the issue for .

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.