Rs 496 Crore Order Book: Transmission Company Successfully Completed Rs 2,502.72 Lakh QIP; Check Allottee List Inside
The stock is up by 54.3 per cent from its 52-week low of Rs 157 per share.
Kay Cee Energy & Infra Limited successfully completed a qualified institutions placement (QIP) of 12,64,000 equity shares with a face value of Rs 10 each at an issue price of Rs 198 per share (including a premium of Rs 188), aggregating to Rs 2,502.72 lakh, under Chapter VI of the SEBI ICDR Regulations. The QIP, which opened on April 21, 2025, and closed on April 24, 2025, resulted in an increase in the company's paid-up equity share capital from Rs 1096 lakh (1,09,60,000 equity shares) to Rs 1,222.40 lakh (1,22,24,000 equity shares) following the allotment approved by the Board of Directors on April 24, 2025.
Earlier, the company secured a Rs 43.53 crore work order from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN) to provide an Emergency Response Team for EHV transmission line maintenance, including supplying an Emergency Restoration System and offering maintenance services for 60 months following an initial supply phase of 6-8 months. The company views this as validation of their expertise and crucial for ensuring EHV network stability.
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About the Company
Kay Cee Energy & Infra Ltd, a leading player in the power sector, specialises in EPC projects for transmission and distribution systems. Established in 2015, the company has a strong track record of working with government entities like RRVPNL. To further enhance its capabilities and reduce reliance on external suppliers, Kay Cee Energy & Infra Ltd is establishing its first manufacturing facility in Rajasthan. This strategic move will enable the company to manufacture key components for its EPC projects, ensuring greater control over quality, supply chain management, and project execution.
As of January 31, 2025, the company's order book stands at Rs 496 crore. With a strong clientele base that includes prestigious organisations like Rajasthan Rajya Vidyut Prasaran Nigam Limited, Power Grid Corporation of India Limited and L&T, Kay Cee Energy & Infra Ltd is well-positioned to contribute significantly to the growth and development of India's power infrastructure. The company has a market cap of Rs 250 crore with a PE of 30x, an ROE of 20 per cent and an ROCE of 23 per cent. The stock is up by 54.3 per cent from its 52-week low of Rs 157 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.