Kay Cee Energy & Infra Limited has successfully raised ₹25.03 Crore (₹2502.72 Lakhs) through its first-ever Qualified Institutional Placement (QIP). The company, which specializes in construction and commissioning of power transmission and distribution systems, announced the allotment of 12.64 lakh equity shares to qualified institutional buyers (QIBs) at a price of ₹198 per share.

The QIP was launched on April 21, 2025, and closed on April 24, 2025, garnering significant interest from both domestic and international investors. The issue price of ₹198 per share represented a discount of approximately 4.85% to the QIP floor price of ₹208.10 per share, as determined by SEBI regulations. The QIP was fully subscribed, indicating strong investor confidence in Kay Cee Energy & Infra's growth strategy and market position.

Key investors participating in the QIP included HDFC Bank Limited, Niveshaay Hedgehogs Fund, Shine Star Build Cap Pvt Ltd, Moneywise Financial Services Pvt. Ltd., and Nine Alps Opportunity Fund, among others.

Kay Cee Energy & Infra intends to strategically deploy the proceeds from the QIP to accelerate its growth plans. A significant portion of the funds will be used to bolster working capital, which is deemed essential for supporting the company's anticipated rapid growth in the coming years.

Mr. Lokendra Jain, Chairman and Managing Director of Kay Cee Energy & Infra Limited, commented on the successful fundraise, stating that the overwhelming response to the QIP from both domestic and international investors is a testament to their trust in the company's vision and strategy. He added that the completion of the QIP marks a pivotal moment in the company's journey and that the raised capital will fortify the company's working capital requirements and ensure the maintenance of robust growth momentum.

Following the announcement of the QIP, Kay Cee Energy & Infra's stock experienced a surge, hitting the upper circuit limit on the NSE SME segment. The stock opened at ₹242.25, a 2% increase from the previous day's closing price of ₹237.50, and quickly reached the upper circuit limit of ₹242.25, reflecting strong market enthusiasm.

Kay Cee Energy & Infra Limited, founded in 2015, is primarily engaged in providing specialized services for the construction and commissioning of power transmission and distribution systems. These services include overhead and underground lines, substation construction, and automation, catering to various government agencies and private organizations. The company also undertakes EPC projects for government entities such as Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL). Kay Cee Energy & Infra's service portfolio encompasses handling, erection, testing, and commissioning of equipment and materials for power transmission and distribution systems, including lines, substation construction, automation, augmentation/modification, and extension of existing power systems.

GYR Capital Advisors Private Limited served as the Book Running Lead Managers (BRLMs) for the QIP issue. In addition to independently undertaking projects, Kay Cee Energy & Infra has also collaborated with other engineering companies like Jost Engineering Limited to jointly bid for and execute larger projects.