December 22, 2023
Stocks

Next week, Kay Cee Energy & Infra Limited will launch its Initial Public Offering (IPO) with a price band set at ₹51 to ₹54 per share.

The Kay Cee Energy & Infra Limited IPO is set to have a lot size of 2,000 shares, and investors are allowed to bid for a minimum of 2,000 shares. The allocation to anchor investors is scheduled for December 27. The subscription for the Kay Cee Energy & Infra Limited IPO will commence on Thursday, December 28, and conclude on Tuesday, January 2. The IPO's price band is established between ₹51 and ₹54. Investors can participate with a minimum bid of 2,000 shares and in multiples thereof. The floor price is 5.1 times the face value of ₹10, while the cap price is 5.4 times the face value of the equity shares. At the upper end of the price band, the price/earnings ratio, based on diluted EPS for the year ending March 2023, is 7.59.

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