Kay Cee Energy IPO Date, Price, GMP, Review, Company Profile, Risk, Financials 2023
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Kay Cee Energy IPO Date, Price, GMP, Review, Company Profile, Risk, Financials 2023
Kay Cee Energy IPO: Stepping into the Power Play, Kay Cee Energy & Infra is an Engineering, Procurement, and Construction (EPC) company specializing in the construction and commissioning of power transmission and distribution systems. They handle overhead and underground lines, substation construction, automation, and more. As India pushes towards renewable energy goals, companies like Kay Cee are expected to play a crucial role in building the necessary infrastructure.
IPO Deets:
Open Date: December 28, 2023
Close Date: January 2, 2024
Listing Date (tentative): January 5, 2024
Offer Size: Rs. 15.93 crores
Price Band: Rs. 51 – Rs. 54 per share
Minimum Lot Size: 2,000 shares (Rs. 108,000 minimum investment)
Buzz in the Wires:
Grey Market Premium (GMP): As of today, December 27, 2023, the GMP stands at Rs. 30, indicating positive sentiment among unlisted market participants.
Recent Developments: The company’s revenue grew 22% year-on-year in 2023, showcasing market traction. However, some analysts raise concerns about its profitability and reliance on a few large clients.
Kay Cee Energy & Infra Offer Details:
Securities Offered:
The offer consists solely of equity shares of face value Rs. 10 each. There are no bonds or other types of securities involved.
Reservation Percentages:
Retail Investors: 35% of the offer is reserved for retail investors. This translates to 331,500 shares.
Qualified Institutional Buyers (QIBs): 50% of the offer is reserved for QIBs. This translates to 483,000 shares.
Non-Institutional Investors (NIIs): 15% of the offer is reserved for NIIs. This translates to 149,250 shares.
Minimum Lot Size and Investment Amount:
The minimum lot size for the IPO is 2,000 shares. This means the minimum investment amount for retail investors is Rs. 108,000 (2,000 shares * Rs. 54 per share – upper price band).
Kay Cee Energy & Infra Company Profile:
Founding and Operations:
Established in 2015, Kay Cee Energy & Infra has carved a niche in the power transmission and distribution landscape.
Their expertise lies in EPC (engineering, procurement, and construction) services, encompassing overhead and underground lines, substation construction, automation, and more.
Market Position and Share:
While precise market share data is challenging for smaller companies like Kay Cee, their focus on Rajasthan, a state with significant renewable energy aspirations, positions them strategically.
They boast a strong track record of working with key government entities like Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL).
Key Details:
Headquarters: Jaipur, Rajasthan
Revenue growth (FY23 vs. FY22): 22%
Profit after tax (FY23 vs. FY22): 77% increase
Employee strength: ~250
Partnerships and Brands:
No prominent subsidiary or major brand names attached to Kay Cee currently.
Their primary collaborations revolve around government contracts and project-specific partnerships.
Milestones and Achievements:
Secured prestigious projects like the 400KV Ajmer-Bhilwara transmission line for RRVPNL.
Successfully commissioned over 1,200 circuit kilometers of power lines.
Maintained a strong safety record in its operations.
Competitive Advantages and USP:
Focused regional expertise: Strong presence in Rajasthan’s burgeoning renewable energy market.
Government connections: Established track record of successful collaborations with key government entities.
Experienced team: Qualified workforce with a proven ability to deliver complex projects.
Agile and responsive: Demonstrated ability to adapt to changing project requirements and regulatory landscapes.
Kay Cee Energy & Infra Financials:
Recent Performance:
Revenue growth: Kay Cee has displayed promising revenue growth, with a 22.33% increase in FY23 compared to FY22. This demonstrates their ability to capture market opportunities.
Profitability: The company saw a healthy 77.62% increase in profit after tax (PAT) for FY23. This improvement in profitability is encouraging, but the absolute profit figures remain relatively small.
Debt levels: The company’s debt-to-equity ratio stands at approximately 0.28 (based on March 2023 financials). This is considered a moderate level, suggesting manageable debt obligations.
Key Financial Ratios:
P/E ratio: Based on the IPO price band (Rs. 51-54), the P/E ratio falls between 7.19 and 7.59. This compares favorably to the average P/E of companies in the infrastructure sector (around 20).
EPS: The company’s EPS for FY23 stood at Rs. 7.11. This provides some support for the valuation based on the P/E ratio.
Debt-to-equity ratio: As mentioned earlier, the debt-to-equity ratio of 0.28 shows a relatively low dependence on debt, indicating a cautious financial approach.
Future Growth Prospects and Earnings Drivers:
India’s renewable energy push: The government’s ambitious renewable energy targets create significant opportunities for companies like Kay Cee.
Continued focus on Rajasthan: The company’s strong presence in Rajasthan, a key renewable energy hub, positions them well to capitalize on the growing market.
Project pipeline: Kay Cee boasts a healthy project pipeline of upcoming initiatives, further bolstering their growth prospects.
Kay Cee Energy & Infra Objective:
Reasons for Going Public:
Capital Raise: The primary objective of Kay Cee’s IPO is to raise fresh capital. This will provide them with the necessary financial resources to fuel their future growth aspirations.
Brand visibility and credibility: Listing on the stock exchange can enhance Kay Cee’s brand image and attract wider investor interest. This can be beneficial for securing larger projects and partnerships.
Liquidity for existing shareholders: While the IPO is solely a fresh issue, a public listing facilitates exit opportunities for early investors and employees holding pre-IPO shares in the future.
Utilizing the Raised Funds:
Working capital needs: The majority of the IPO proceeds (75%) will be used to address Kay Cee’s working capital requirements. This includes expenses like procurement of materials, wages, and project execution costs.
General corporate purposes: The remaining 25% of the funds will be utilized for general corporate purposes. This could encompass strategic investments, technology upgrades, or potential acquisitions to expand their business reach.
Kay Cee Energy & Infra Managers & Registrar:
Lead Managers:
GYR Capital Advisors Private Limited: GYR Capital is the sole book running lead manager for Kay Cee Energy’s IPO. While they are a relatively new player in the IPO space, they have successfully managed several SME IPOs in recent years, including the IPOs of Karda Constructions and Utkarsh Spintex.
Track Record:
GYR Capital’s previous SME IPOs have witnessed varying degrees of success. Karda Constructions’ IPO saw decent subscription levels, while Utkarsh Spintex faced moderate subscription.
It’s important to note that the performance of past offerings doesn’t guarantee success for future ones.
Registrar:
Bigshare Services Private Limited: Bigshare Services is the registrar for Kay Cee Energy’s IPO. They are a prominent player in the IPO scene, handling the registrar process for numerous SME and Mainboard IPOs.
Registrar’s Role:
The registrar is responsible for maintaining the share register, processing share applications and allotments, managing refunds, and issuing share certificates. They play a crucial role in ensuring the smooth and fair conduct of the IPO process.
Kay Cee Energy & Infra Grey Market Premium (GMP):
Current GMP and Comparison:
As of December 27, 2023, the GMP for Kay Cee Energy’s IPO stands at Rs. 30 on the upper price band of Rs. 54 per share.
This translates to a potential listing price of around Rs. 63 per share (upper band price + GMP), indicating a possible premium of over 16.67%.
Compared to recent SME IPOs, Kay Cee’s current GMP is relatively favorable. For example, the GMP for Kaushalya Logistics, another recent SME IPO, stood at Rs. 22 just before listing.
Kay Cee Energy IPO Risks:
While Kay Cee Energy presents an intriguing investment opportunity, it’s essential to acknowledge the potential risks associated with any IPO, especially for a smaller company like this.
Industry Headwinds:
The dependence on government contracts and project approvals exposes Kay Cee to potential delays or changes in policy priorities within the renewable energy sector.
Increased competition from established players in the power transmission and distribution space could hinder Kay Cee’s market share and growth prospects.
Company-Specific Challenges:
Reliance on a few large clients for a significant portion of revenue creates concentration risk. Any issues with these clients could negatively impact the company’s financial performance.
The limited track record and relatively small size of the company raise concerns about their ability to handle large and complex projects successfully.
The IPO prospectus also highlights certain ongoing legal disputes, which, if not resolved favorably, could impact the company’s future operations.
Financial Health Assessment:
While Kay Cee’s recent revenue growth and profitability are encouraging, the absolute profit figures remain small.
The moderate debt level is positive, but investors should remain mindful of any future debt accumulation for working capital needs.
Red Flags for Investors:
Lack of market maker reservation in the IPO raises concerns about potential liquidity issues, especially for retail investors.
The dependence on project-specific partnerships rather than established brands or subsidiaries increases the risk of project execution delays or cancellations.
Also Read: How to Apply for an IPO?
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When your SPM brainrot comes to haunt you and then gives you the best ideas but you’re stuck in freakin’ wRITERS BLOCK- So instead, here’s my take on all of the Count’s minions before they join him + headcannons and anything that comes to mine-
This is mostly just word vomit and it’s not proofread so sorry for all the spelling errors- started this at 3 am and now finishing 12 hours later- yIpPie- maybe some day I’ll have the energy to write all of these down into a story one shot thingy-
The first I want to start with is O’Chunks because he needs some love (and by that I mean I’m about to throw against the wall of ideas because OH BOI-).
O’Chunks suffers from nightmares of the day that all of his men were killed, which also led to him having a really hard time trusting anyone other then The Count thinking they were going to betray him before get got close with Nastasia
I like to think that O’Chunks have always had semi crushes on each other but have been very blind to it since Nastasia was mostly blinded by The Count
Before his life with The Count he lived somewhere near York Town in another town before he had gone to war and got he and his men sold out and murdered (did he watch? Yes. He had to as captain.)
He was then saved before he was killed by The Count but by then the damage had already been done and he was now blind in his left eye and his head had been slightly bashed in making him kinda forgetful about a majority of his life that didn’t come to haunt him in his dreams
Before his life with Bleck, he did in fact have a family that he had to leave behind but now he can’t remember what they look like or even how to get home (or an even worse option, his entire home was raided and ransacked so there was nothing to go back to anyway and he just couldn’t remember what he was missing forever-)
As for his family? I like to think he may or may not have had a wife but he definitely had a daughter who acts a lot like Mimi making him grow very familiar with her quickly
He also really likes grapes for this-
Up next on the chopping block is Nastasia herself, and I’ll be honest I didnt have a lot at first before it hit me like a train wreck in my sleep-
I like to think she was a halfblood of The Tribe of Darkness, her father being of the Tribe and her mother being a kind of vampire/monster that many people feared (hence the similarities of skin tone with The Count)
She was raised by her mother for a long time but was chased for most of her life for not being ‘human’ or the Ancients just really wanted to get her because they didn’t like halflings because it was a waste of their magic potential and dangerous- maybe they were just speciesest- idk
She was caught in a magical trap deep in the woods and left to starve there for awhile up until Count Bleck had found her and freed her (because this was weeks after the Timpani incident so he still had a heart to help others)
Being so grateful and having nowhere else to go, she tagged along with The Count where she was given her more human like bat from so she wouldn’t run into any trouble anymore (that and at first she was sure he was going to kill her for just being alive
Now Dimentio is a really really tricky one because I have some ideas based off of different things I really liked (the idea of him being younger like Mimi is one of them but as for cannon wise I wouldn’t be so sure-)
One things for sure though is I truly believe that he was The Magician’s son and Shadoo was his older sister
His mother and father were the original leaders of The Ancients and The Magician was one of the writers of The Dark Prognostics (it was handed down to each of the original leaders of The Ancients/he or his wife originally wrote it because of vivid nightmares of the future-)
I fully believed that Dimentio’s mom would be like Master of Time or something- making Dimentio call himself the Master of Dimensions (yes I just gave him mama’s boy syndrome- no I will not be taking it back-)
He and Shadoo were close as she was his older sister that took care of them and had very promising magical abilities leading his father to take her everywhere with him to try to make those powers stronger while Dimmy just mostly tried to help where he could seeing as his powers wouldn’t kick in until later and wasn’t as strong as hers at first
While The Magician and Shadoo were away, The Tribe of Ancients was attacked/a spell had gone wrong setting the entire tribe into a state of panic because no one could escape
As a last ditch effort, Dimentio’s mom (What her name would be? I have no clue-) sacrifices herself to save what she came of the tribe and kind of freeze Dimentio in time hidden away where no one could really find him and wake him back up
Now you can play with HCs and CC here and say that Count Bleck and his minions accidentally woke him back up or someone random did because they were looking around where they shouldn’t have been (leading him to either be a child when the game rolls around or he escaped and trains before going to look for The Dark Prognostics because he had no idea what happened to him over 2,000 years)
For cannon I like to think that he escaped and went to go and train to get back his father’s book before ultimately going bonkers because everything he ever knew and loved was violently ripped away from him and he was left alone (making it a big reason why he both despises and adores The Count as having The Ancients blood in him).
So he wants to create perfect new worlds to bring back the world he was forced to leave behind and kill everyone in the process since it’s the worlds fault he was stuck like this anyway
For Fannon tho? I like to think that maybe Bleck had been the one to wake him up and witness his mental break when he realized his entire family and tribe died over 1,500 years ago leading The Count to take care of him forcefully because his bleeding heart over his wife screams “DON’T LEAVE BROKEN CHILD TO GO CRAZY-“
The ultimate reason he betrays The Count is because he doesn’t want his new family to die twice and is willing to do anything to create a new perfect world where he can bring back his original family and bring his new one along even if that means manipulating them to do what he needs to do to “save them” and become the forced king of the new world
Mimi’s is one of the more darker ones IMO and was the main reason that I came up with any of these and decided to throw it onto the internet-
Mimi was raised by her mother and father in a kind of poor situation before being sold (or kidnapped- idk what to go with here) to a wannabe tribe of darkness who wanted to recreate the magic of the ancients no matter the cost
Fully 100% convinced Mimi is a minor (no sure exactly give or take 13-18)
So they started experimenting on her to turn her into a pixel and try to recreate the powers that they used a long time ago but they really messed it up and turned her into a kind of walking corpse
She still could use the powers of a shapeshifter pixel, she just didn’t look the part because they replaced a lot of her ‘human’ parts with metal gears and wires turning her into a walking zombie pixel corpse as a child who only wanted to go home
this is also the reason she kind of has to snap her neck to change from her OG form to her preferred ‘human’ form because she isn’t copying anyone so it hurts more to change into something she wants rather then copying someone else’s while they’re right there (or maybe it is a copy and she keeps a copy of every person she’s copied and it’s just more painful to change into someone else based off of memory or from a long distance? Up to you really-)
The Count had found her because he had heard rumors of people trying to copy after his people and figured maybe it was Timpani trying to find him again but it turned out to be so much darker and killed the wannabes to save Mimi’s life
Since she had no where to go, The Count brought her along thinking that maybe Timpani would like her just as much as he did like a daughter they never could have
She is the silent favorite amongst the minions and everyone knows it minus The Count who says he doesn’t play favorites (yes he does-)
Then we have Mr. L HC simply because he is part of the team and no one will let him think otherwise-
He kind of plays an older brother role to both Mimi and Dimentio (which is why they pick on each other so often and why Mr. L and Dimentio hit heads all the time)
He also gets along well with O’Chunks and they fight/train a lot (I saw this on another person’s HC list and I loved it so I had to add it here-)
Stepping into Fannon territory- He sees Count Bleck and a mentor and boss figure since The Count treats him more like a human then his parents and friends ever did
Even after he isn’t brainwashed anymore he can remember being treated with kindness by the other members and being brought along and invited to things more then his brother and his friends ever did
He doesn’t fully forgive Dimentio for what happened but slowly warms up to the idea of coming to peace about it since no one really wanted to forgive him until they knew why he was so desperate for it
He’s slightly frightened of Nastaisa even to this day because of what happened and that someday she might just snap and jump him again (even if he knows he could take her down perfectly well, he isn’t going try because she’s much faster then him)
Then the dear Old Count himself- picking up random people and children to fill in his broken heart no matter the cost-
Timpani and Blumiere knew each other for longer then the flashbacks gave us credit for (over the span of like 6 months to a year I would think-)
She’s also the reason he had so much light in his heart and hope for other people- to this day it’s her fault that he loves the stars so much and seems to have a child like curiosity about things he doesn’t understand
His father was also highly abusive into making sure his son would follow the right path into taking up the tribe leaving The Count to have many scars on his body along with his heart since Timpani was the only person who ever listened to what he had to say about things (he couldn’t have any friends since he was the chief’s son either so it was like a breath of fresh air to him-)
When his father told him what had happened he believed that his father sent her away while she was dying and so, Blumiere left the tribe to go and look for her before he ever came back to read the Dark Prognostics
5 years passed before he ever returned and his dad tried to convince him to come back only for The Count to murder everyone that was left in his tribe/in the castle they all lived in before reading the Dark Prognostics
As Blumiere died, so did his love for everyone and everything making it so that he was living from a 3rd person POV making him mentally and emotionally detach from his minions who had grown onto him.
It isn’t that he shows he doesn’t care either because he stopped caring about everything they did, only wanting the end of all worlds to come so that he didn’t have to live in the constant said of black and white that his father put him in all those years ago
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CMR Green Technologies IPO Date, Price, GMP, Review, Company Profile, Risk, Financials 2023
New Post has been published on https://wealthview.co.in/cmr-green-technologies-ipo/
CMR Green Technologies IPO Date, Price, GMP, Review, Company Profile, Risk, Financials 2023
CMR Green Technologies IPO: CMR Green Technologies Ltd. is a subsidiary of the CMR Group, India’s largest producer of aluminum and zinc die-casting alloys. They operate through twelve manufacturing plants across India and are known for utilizing advanced technology and sustainable practices in their metal recycling and alloy production processes.
CMR Green Technologies IPO Details:
IPO Dates: The IPO dates have not yet been officially announced.
Offer Size: The offer size is also not yet disclosed.
Price Band: The price band for the issue is yet to be determined.
Recent News Updates:
CMR Green has been consistently expanding its operations and production capacity, showcasing strong financial performance. They have also received recognition for their commitment to environmental sustainability, which could attract ESG-focused investors.
Potential concerns: The current economic climate and volatility in the metals market could pose some challenges for the IPO. Additionally, the lack of specific details about the offer size and price band might make it difficult for investors to assess the potential risks and rewards.
CMR Green Technologies Company Profile:
Founded in 2006, CMR Green Technologies Ltd. is a subsidiary of the CMR Group, India’s largest producer of aluminum and zinc die-casting alloys.
CMR Green focuses on metal recycling and alloy production, operating through 12 manufacturing plants across India.
They utilize advanced technology and sustainable practices to process scrap metal into high-quality alloys for various industries, including automotive, construction, and consumer goods.
Market Position and Share:
CMR Green holds a dominant position in the Indian metal recycling market, with an estimated market share of 25-30%.
They are recognized as a leader in sustainable metal recycling, winning awards for their innovative practices and environmental commitment.
Key Details:
Founded: 2006
Headquarters: Faridabad, Haryana, India
Chairman and Managing Director: Mr. Gurbinder Singh
Employees: Over 2,500
Website: https://cmr.co.in/
Prominent Brands and Partnerships:
CMR Green supplies alloys to major automakers like Maruti Suzuki, Hyundai, and Mahindra & Mahindra.
They have joint ventures with renowned Japanese companies like Toyota Tsusho Corporation and Nikkei MC Aluminium for advanced alloy production.
Milestones and Achievements:
Achieved a production capacity of over 310,700 MT of aluminum and zinc die-casting alloys.
Received prestigious awards like the CII Green Building Award and the Greentech Technology Award for their sustainable practices.
Successfully expanded operations internationally, with a presence in the Middle East and Southeast Asia.
Competitive Advantages and Unique Selling Proposition (USP):
Technological expertise: CMR Green invests heavily in R&D, employing cutting-edge technology for efficient and environmentally friendly recycling processes.
Strong brand reputation: They are recognized for their quality products, reliable supply chain, and commitment to sustainability.
Vertical integration: CMR Green controls the entire metal recycling value chain, from scrap collection to alloy production, ensuring cost-effectiveness and quality control.
Focus on sustainability: Their commitment to environmentally responsible practices attracts customers and investors who value ESG (environmental, social, and governance) principles.
Financials:
Particulars FY21 FY20 FY19 Revenue 2913.2 0.00 0.01 EBITDA 336.53 -0.01 -0.01 PAT 40.7 0.12 0.05 EPS (basic in Rs.) 0.98 0.05 0.02 ROE 0.23% 0.57% 2.84% ROCE 23.6% 21.5% 24.3%
Particulars FY21 FY20 FY19 Total Assets 2924.6 121.7 39.5 Share Capital 0.33 0.39 0.39 Total Borrowings 481.2 0.02 0.01
CMR Green Technologies: Potential Risks and Concerns for Investors
Market Volatility:
Indian stock market fluctuations: The Indian stock market, like any other, is susceptible to economic and political uncertainties. A downturn could negatively impact the IPO performance and post-listing share price.
Global market influence: Global market trends and events, such as economic recessions or geopolitical conflicts, can also affect the IPO and subsequent share price.
Industry Headwinds:
Metal prices: Fluctuations in metal prices can impact CMR Green’s profitability. A significant drop could squeeze margins and reduce earnings.
Scrap availability: Dependence on the availability of scrap metal could create challenges if supply chains are disrupted or if competitors drive up prices.
Competition: The metal recycling industry is competitive, and new entrants or established players could pose challenges to CMR Green’s market share.
Environmental regulations: Stricter environmental regulations could increase operating costs for CMR Green, potentially impacting profitability.
Company-Specific Challenges:
Limited financial information: Without access to CMR Green’s financial statements, assessing their financial health and potential red flags is difficult. The official IPO prospectus will be crucial for in-depth analysis.
Expansion risks: CMR Green’s ambitious expansion plans (new plants, markets) carry inherent risks. Execution challenges or unforeseen circumstances could hinder success.
Key personnel dependence: Reliance on key management personnel or specific suppliers could create vulnerabilities if these individuals or entities cease to be available.
Financial Health Analysis:
Once the IPO prospectus is released, key financial ratios like debt-to-equity, P/E, and return on equity should be evaluated. These will provide insights into the company’s financial stability, valuation compared to industry benchmarks, and profitability.
Look for any inconsistencies or lack of transparency in the financial information provided. Ambiguous or overly aggressive future growth projections could be red flags.
Investor Advice:
Conduct thorough research: Read and analyze the official IPO prospectus carefully.
Seek professional guidance: Consult with financial advisors who specialize in IPOs and understand the associated risks.
Diversify your portfolio: Don’t put all your eggs in one basket. Spread your investments across different sectors and asset classes to mitigate risks.
Remember past performance is not indicative of future results: CMR Green’s past successes do not guarantee future profitability or share price growth.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
CMR Green Technologies Limited – DRHP
Also Read: How to Apply for an IPO?
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