Indifra IPO vs Kay Cee Energy & Infra IPO

Comparision between Indifra IPO and Kay Cee Energy & Infra IPO.

IPO Details

Indifra IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Kay Cee Energy & Infra IPO is a SME Book Built Issue proposed to list at NSE SME.

	Indifra IPO	Kay Cee Energy & Infra IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	GYR Capital Advisors Private Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Indifra IPO is up to ₹14.04 Cr whereas the issue size of the Kay Cee Energy & Infra IPO is up to ₹15.93 Cr. The final issue price of Indifra IPO is ₹65.00 per share and of Kay Cee Energy & Infra IPO is ₹54.00 per share.

	Indifra IPO	Kay Cee Energy & Infra IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹51.00 per share
Issue Price (Upper)		₹54.00 per share
Issue Price (Final)	₹65.00 per share	₹54.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	21,60,000 shares	29,50,000 shares
Fresh Issue Size (Amount)	up to ₹14.04 Cr	up to ₹15.93 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,60,000 shares	29,50,000 shares
Issue Size Total (Amount)	up to ₹14.04 Cr	up to ₹15.93 Cr

IPO Timetable

Indifra IPO opens on Dec 21, 2023, while Kay Cee Energy & Infra IPO opens on Dec 28, 2023. The closing date of Indifra IPO and Kay Cee Energy & Infra IPO is Dec 26, 2023, and Jan 02, 2024, respectively.

	Indifra IPO	Kay Cee Energy & Infra IPO
Anchor Bid Date		Dec 27, 2023
Issue Open	Dec 21, 2023	Dec 28, 2023
Issue Close	Dec 26, 2023	Jan 02, 2024
Basis Of Allotment (Tentative)	Dec 27, 2023	Jan 03, 2024
Initiation of Refunds (Tentative)	Dec 28, 2023	Jan 03, 2024
Credit of Share (Tentative)	Dec 28, 2023	Jan 04, 2024
Listing date (Tentative)	Dec 29, 2023	Jan 05, 2024
Anchor Lockin End date 1	Jan 26, 2024	Feb 02, 2024
Anchor Lockin End date 2	Mar 26, 2024	Apr 02, 2024

Financials

Indifra IPO P/E ratio is 11.23, as compared to Kay Cee Energy & Infra IPO P/E ratio of 7.59.

Indifra IPO

Kay Cee Energy & Infra IPO

Financial

Indifra Limited Financial Information (Restated)

Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	630.24	312.46	420.10	229.63
Revenue	64.28	1,001.69	1,092.41	306.54
Profit After Tax	3.54	99.08	39.94	10.51
Net Worth	533.25	169.70	70.62	30.68
Reserves and Surplus	20.25	168.70	69.62	29.68
Total Borrowing		38.26	50.61	45.05
Amount in ₹ Lakhs

Kay Cee Energy & Infra Limited Financial Information (Restated)

Kay Cee Energy & Infra Limited's revenue increased by 22.33% and profit after tax (PAT) rose by 77.62% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,332.09	8,017.57	6,370.15	3,807.83
Revenue	964.29	6,132.07	5,012.55	3,559.13
Profit After Tax	120.74	550.71	310.05	187.47
Net Worth	2,312.08	2,191.34	1,640.63	1,330.58
Reserves and Surplus	2,287.08	2,166.34	1,615.63	1,305.58
Total Borrowing	2,405.41	2,289.42	646.90	272.27
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96%

96.12%

Promoter Shareholding (Post-Issue)

67.55%

P/E Ratio

11.23

7.59

Market Cap

₹47.39 Cr.

₹59.18 Cr.

ROE

82.45%%

25.13%%

ROCE

86.21%%

22.32%%

Debt/Equity

1.04

EPS

₹5.79

₹7.11

RoNW

82.45%%

25.13%%

Shares Offered

In the Indifra IPO retail investors (RII) are offered 10,26,000 shares while in Kay Cee Energy & Infra IPO retail investors are offered 10,26,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Indifra IPO and 5,56,000 shares in Kay Cee Energy & Infra IPO.

	Indifra IPO	Kay Cee Energy & Infra IPO
Anchor Investor Reserveration		8,00,000 shares
Market Maker Reserveration	1,08,000 shares	1,90,000 shares
QIB	0 shares	5,56,000 shares
NII	10,26,000 shares	4,22,000 shares
RII	10,26,000 shares	9,82,000 shares
Employee	0 shares	0 shares
Others
Total	20,52,000 shares	19,60,000 shares

Bids Received (Subscription)

Indifra IPO subscribed 7.21x in total, whereas Kay Cee Energy & Infra IPO subscribed 1,052.45x.

	Indifra IPO	Kay Cee Energy & Infra IPO
QIB (times)		127.71x
NII (times)	2.34x	1,668.97x
Big NII (times)
Small NII (times)
RII (times)	12.07x	1,311.10x
Employee (times)
Other (times)
Total (times)	7.21x	1,052.45x

Compare with others

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MCPL IPO	Kaushalya Logistics IPO
Kay Cee Energy & Infra IPO	Akanksha Power and Infrastructure IPO
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