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Kay Cee Energy & Infra Fixes ₹208.10 Floor Price for QIP Issue, Enlarges Institutional Participation

Updated: April 21, 2025 20:50

Image Source: The Economic Times
Kay Cee Energy & Infra Ltd has issued a Qualified Institutions Placement (QIP) of equity shares with a floor price of ₹208.10 per share. It is to raise capital for infrastructure development to strengthen the company's growth plans in the energy and construction industry.
 
Highlights:
 
✅ QIP Announcement: Institutional investors will receive equity shares from the company to ensure capital infusion in future projects.
✅ Floor Price Set: The floor price of ₹208.10 per share indicates market value and investor interest.
✅ Stock Performance: The share price soared 12.56% for Kay Cee Energy at ₹219.50 on NSE, showing high investor confidence. .
✅ Expansion into the Market: The company expands its presence further in infrastructure growth, with concentration on EPC contracts and city projects.
✅ Growth of Finance: Kay Cee Energy has recorded revenue of ₹78.2 billion, with consistently growing profits during the past three years.
 
This strategic QIP issue by Kay Cee Energy & Infra will help build liquidity, promising long-term progress and stability to the market.
 
Source: Chittorgarh, Moneycontrol, Screener

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