A new company, KC Energy and Infra, is offering its shares to the public. This offer lasts from December 28 to January 2.
The cost of one share is between Rs 51 and Rs 54. Before officially being listed, KC Energy shares are already doing well in the gray market, selling for 75% more than their original price.
People expect the shares to be listed at more than Rs 90. If you buy shares during this offer, you might make a profit of about 75% when they are officially listed.
The total value of the public offer is Rs 15.93 crore. The shares will be listed on the SME platform.
If you are a regular investor, you can only bid for one lot, which includes 2000 shares and costs Rs 108,000.
The decision on who gets the shares will be made by January 3, 2024. KC Energy shares will be available in the market starting January 5, 2024.
The company started in 2015 and provides services for electricity transmission and distribution systems.
