Kay Cee Energy shares list at 367% premium on NSE SME platform

After a record subscription for the IPO, shares of Kay Cee Energy and Infra listed on the NSE SME platform on Friday with a bumper premium of 366.7%.

The stock was listed at Rs 252, compared with an issue price of Rs 54.

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.