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Growing retail investor confidence drives strong interest in SME IPOs. Companies like Australian Premium Solar and Pratham EPC Projects witness substantial gains post listing. However, caution is advised, as some companies like MVK Agro Food Product are trading below issue price.
IPOs in January: Kay Cee Energy & Infra stood at the top of the heap. It is currently trading at ₹295.95 apiece- 447% higher than its IPO price of ₹54.
Kay Cee Energy & Infra IPO: The stock opened at Rs 252 against the issue price of Rs 54 on the NSE SME platform.
The public offer of Kay Cee Energy and Infra was subscribed 959 times at close. The company received bids for over 200 crore shares against a partly 29.5 lakh shares on offer. The retail and NII parts of the issue were booked 1,600 times and 1,300 times, respectively. Meanwhile, the QIB portion was subscribed 127 times.
The allotment status can also be checked by visiting the official website of the registrar to the issue which is Cameo Corporate Services in this case.