KC Energy has had a very successful start in the stock market. The company’s shares were initially priced at Rs 252 and showed a profit of 367 percent.
During the IPO, investors acquired Kay Cee Energy shares for Rs 54 each. Those who received KC Energy shares in the IPO made a significant profit of Rs 198 per share on the first day.
However, shortly after being listed, KC Energy shares faced a 5 percent decrease, reaching Rs 239.45.
The Kay Cee Energy IPO proved to be lucrative for investors on its debut day. Retail investors had the opportunity to bid for one lot, consisting of 2000 shares, requiring an investment of Rs 108,000.
Those who obtained one lot (2000 shares) in the IPO now see the current value of these shares at Rs 504,000, resulting in a substantial profit of Rs 396,000 on the first day.
The company’s shares are listed on the SME platform.
C Energy’s IPO was highly oversubscribed, reaching a subscription of 1052 times.
The overall subscription for C Energy’s IPO was 1052.45 times, with the retail investor category subscribing 1311.10 times.
Non-Institutional Investors (NII) subscribed 1668.97 times, and the Qualified Institutional Buyers (QIB) category subscribed 127.71 times.
The IPO price band for KC Energy was set at Rs 51 to Rs 54, and the total size of the public issue was Rs 15.93 crore.
Prior to the IPO, the promoters held a 96.12% stake in the company.
