Kay Cee Energy & Infra Limited IPO
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:
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:
Financials of Kay Cee Energy & Infra Limited IPO:
Particulars ( In Lakhs ) |
2021 |
2022 |
2023 |
3M-FY24 |
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 |
Lead Manager of Kay Cee Energy & Infra Limited IPO:
Registrar of Kay Cee Energy & Infra Limited IPO:
Company Address:
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