The basis of allotment for the Initial Public offering of the Kay Cee Energy & Infra Limited (KECIL) will be finalised today by January 03, 2024 according to the date mentioned in the RHP document. Bigshare Services Pvt Ltd is the registrar for the Kay Cee Energy & Infra IPO and will oversee the allotment process. Investors may check the allotment status of their application through the NSE/BSE or registrar’s website once announced.
The initial public offering of the Kay CEE Energy & Infra Limited, a EPC services provider for power transmission and distribution systems, was open for subscription between December 28, 2023 to January 02, 2024.
The shares of the issue were subscribed a record-setting 1,052 times as Kay CEE Energy & Infra Limited became the most-subscribed SME IPO in recent years. The retail portion was subscribed 1,311 times whereas NIIs portion was subscribed 1,669 times. QIBs’ response was mild in comparison as said portion was subscribed only 127 times. To put things in perspective, the investors placed bids for around 206 crore shares against IPO offer size of 19.6 lakh shares, aggregating to bids worth Rs 11,139 crore.
A total of 6.43 lakh applications were received for the IPO. The sheer subscription numbers will make the chances of allotment of shares harsh for retail investors as well as high net worth individuals.
Allotment date and time
- According to the red-herring prospectus available at NSE website, the initiation of allotment of shares for the Kay CEE Energy & Infra Limited (KCEIL) will take place on or January 03, 2024. The allotment is likely to be uploaded at the registrar’s website by the night of January 03 or morning of January 04, 2024 as seen with recent IPOs.
- The initiation of refunds or unblocking of funds will also start on January 03, 2024 whereas the credit of shares to the Demat accounts of investors will take place by January 04, 2024.
- The IPO listing date is January 05, 2024. The issue will be listed the small and medium enterprises segment of the NSE.
How to check Kay Cee Energy & Infra IPO allotment status?
The investors may check the allotment status of their shares by visiting the website of IPO registrar BigShare Services Pvt Ltd at this link by entering any of the details such as PAN, Application number or DP Client ID. The allotment status can also be checked through NSE and BSE websites.
The investors may keep checking with the registrar BigShare Services Pvt Ltd for the status and updates. Banks and brokers also provide notifications informing of the same.
