Kay Cee Energy & Infra Limited IPO

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Electrical Engineering Solutions Ltd., an ISO 9001-2015 certified company, operates as a specialized third-party Engineering, Procurement, and Construction (EPC) service provider in the power transmission and distribution sector. The company focuses on the construction and commissioning of power infrastructure, offering a comprehensive suite of services to various government authorities and private entities.

Service Portfolio: As a third-party EPC provider, the company collaborates with government entities, including Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL), to deliver a wide range of services. These services encompass the construction and commissioning of power transmission and distribution systems, covering overhead and underground lines, substation construction, automation, and related activities.

Diversification Plans: In line with its vision for further integration, the company plans to diversify its business activities by manufacturing materials essential for EPC contracts. This includes line and substation hardware accessories, clamps, connectors, Bird Flight Diverters, Structures for Substation/Lines, Solar Plants, Electrical Panels, etc. The upcoming manufacturing unit, located in Rajasthan, is set to commence commercial production in Fiscal 2025.

Collaborative Ventures: To undertake larger projects successfully, Electrical Engineering Solutions Ltd. has strategically entered into collaborations with renowned engineering companies such as Sterlite Power Transmission Limited and Jost Engineering Limited. This collaborative approach enables the company to jointly bid for and execute more extensive projects.

Integrated Business Model: The company’s in-house integrated model reduces dependence on external entities for project execution. With a fleet of modern construction machinery, an in-house central procurement team, and a dedicated workforce, the integrated model ensures timely material procurement and project completion within scheduled timelines.

Skilled Workforce: Electrical Engineering Solutions Ltd. relies on a skilled workforce of engineers, project managers, and supervisors to execute turnkey projects and EPC contracts. The hierarchical structure guarantees quality checks at every stage, emphasizing safety, environmental protection, and compliance with industry and government standards.

Diverse Clientele: The company serves a diverse clientele, both in the public and private sectors. Notable private entities include Wonder Cement Limited, H G Infra Engineering Limited, Gawar Construction Limited, Larsen & Turbo Limited, among others. The company’s services for private entities encompass the entire project lifecycle, from shifting and dismantling high-voltage transmission lines to installation, testing, commissioning, and obtaining necessary approvals from state government authorities.

As of September 30, 2023, Electrical Engineering Solutions Ltd. holds an impressive order book value of approximately ₹54,990.27 lakhs, reflecting its strong project pipeline and the confidence entrusted by clients in its third-party EPC capabilities.

Objects of the Kay Cee Energy & Infra Limited IPO:

The company proposes to utilize the Net Proceeds from the Issue towards the following objects: i. Funding the working capital requirements of the company. ii. General corporate purposes.

Kay Cee Energy & Infra Limited IPO Details:

Open Date: Dec 28 2023
Close Date: Jan 02 2024
Total Shares: 2,950,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Built Issue IPO
Issue Size: 15.93 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 51 - 54 Per Equity Share
Listing At: NSE Emerge
Listing Date: Jan 05 2024

Promoters And Management:

Lokendra Jain, aged 50 years, is the Chairman, Managing Director and Promoter of the Company. He holds Diploma in Engineering – Electrical from Rajasthan State. He has more than 27 years of specialized experience in Engineering, Procurement and Construction (EPC) Contracts, Extra High-Voltage (EHV) Lines in the area of power transmission and energy sector Shalini Jain, aged 46 years, is the Whole-time Director, Chief Financial Officer and Promoter. She holds Bachelor’s Degree in Business Administration and M.A in Hindi Literature from Devi Ahilya Vishwavidyalaya, Indore. She has more than 7 years of experience in management. At present, she plays a vital part in business development, business excellence and Procurement Management of the Company. Divyanshu Jain, aged 30 years, is a Non-Executive Director of the Company and holds Bachelor’s Degree in Commerce from Jai Narain Vyas University, Jodhpur, Rajasthan. He is a qualified Chartered Accountant and a Fellow Member of Institute of Chartered Accountants of India and also a qualified Company Secretary from Institute of Company Secretaries of India. Currently he is practicing as Chartered Accountant for the past 7 years in aspects finance, accounting, audits and taxation.

Financials of Kay Cee Energy & Infra Limited IPO:

Particulars ( In Lakhs )
Revenue from Operations 3,477 4,959 6,109 955
Other Income 82 53 23 9
Total Revenue 3,559 5,013 6,132 964
Raw material consumption 1,637 3,305 4,179 478
Direct Expenses 696 944 1,081 168
Change in Inventorie -130 -743 -1,180 -209
Employee benefits expenses 907 803 783 191
Other Expenses 164 225 224 77
EBITDA 284 479 1,045 258
Depreciation & Amortisation 7 9 8 2
Finance Cost 33 52 295 92
EBIT 276 470 1,036 256
OPM (%) 7.98% 9.56% 17.04% 26.76%
PBT 244 418 742 164
Tax 56 108 191 43
PAT 187 310 551 121
NPM (%) 5.27% 6.19% 8.98% 12.52%
No.of Shares 109.60 109.60 109.60 109.60
EPS 1.71 2.82 5.02 1.10

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Kay Cee Energy & Infra Limited 61 6 5.02 10.7 54 59
Viviana Power Tech Limited 36 3 5.21 34.4 179 107
K E C International Limited 17,282 176 6.85 81.9 599 15,393
* All the data is as per FY23.

Lead Manager of Kay Cee Energy & Infra Limited IPO:


Registrar of Kay Cee Energy & Infra Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Kay Cee Energy & Infra Limited 9 Krishna Vihar, Near Chungi Naka, Nanta Road, Kunhadi Kotal In Ladpura, Kota-324001 Phone: +91 80009 79358 Email: info@kayceeenergy.in Websitehttps://kayceeenergy.com/

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