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K2 Infragen IPO vs Teerth Gopicon IPO

Comparision between K2 Infragen IPO and Teerth Gopicon IPO.

IPO Details

K2 Infragen IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Teerth Gopicon IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  K2 Infragen IPO Teerth Gopicon IPO
Logo K2 Infragen IPO Logo Teerth Gopicon IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Expert Global Consultants Private Limited Interactive Financial Services Ltd
Registrar Kfin Technologies Limited Bigshare Services Pvt Ltd
Market Maker Rikhav Securities 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 K2 Infragen IPO is up to ₹40.54 Cr whereas the issue size of the Teerth Gopicon IPO is up to ₹44.40 Cr. The final issue price of K2 Infragen IPO is ₹119.00 per share and of Teerth Gopicon IPO is ₹111.00 per share.

  K2 Infragen IPO Teerth Gopicon IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹111.00 per share
Issue Price (Upper) ₹119.00 per share
Issue Price (Final) ₹119.00 per share ₹111.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 1200 shares
Fresh Issue Size 34,06,800 shares 39,99,600 shares
Fresh Issue Size (Amount) up to ₹40.54 Cr up to ₹44.40 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 34,06,800 shares 39,99,600 shares
Issue Size Total (Amount) up to ₹40.54 Cr up to ₹44.40 Cr

IPO Timetable

K2 Infragen IPO opens on Mar 28, 2024, while Teerth Gopicon IPO opens on Apr 08, 2024. The closing date of K2 Infragen IPO and Teerth Gopicon IPO is Apr 03, 2024, and Apr 10, 2024, respectively.

  K2 Infragen IPO Teerth Gopicon IPO
Anchor Bid Date Mar 27, 2024
Issue Open Mar 28, 2024 Apr 08, 2024
Issue Close Apr 03, 2024 Apr 10, 2024
Basis Of Allotment (Tentative) Apr 04, 2024 Apr 12, 2024
Initiation of Refunds (Tentative) Apr 05, 2024 Apr 15, 2024
Credit of Share (Tentative) Apr 05, 2024 Apr 15, 2024
Listing date (Tentative) Apr 08, 2024 Apr 16, 2024
Anchor Lockin End date 1 May 04, 2024
Anchor Lockin End date 2 Jul 03, 2024

Financials

K2 Infragen IPO P/E ratio is 9.68, as compared to Teerth Gopicon IPO P/E ratio of 49.55.

  K2 Infragen IPO Teerth Gopicon IPO
Financial

K2 Infragen Limited Financial Information (Restated Consolidated)

K2 Infragen Limited's revenue increased by 103.25% and profit after tax (PAT) rose by 463.79% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,378.795,690.402,591.142,220.52
Revenue5,967.987,490.083,685.203,568.05
Profit After Tax607.451,132.32-311.2622.49
Net Worth2,535.321,392.45133.84115.49
Reserves and Surplus1,611.241,165.10-96.26-46.56
Amount in ₹ Lakhs

Teerth Gopicon Limited Financial Information (Restated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets13,719.794,743.304,277.163,115.47
Revenue6,970.023,914.873,120.774,620.74
Profit After Tax784.04179.2215.2746.45
Net Worth1,572.74788.70609.49594.22
Reserves and Surplus772.74288.70109.4994.22
Total Borrowing937.18337.981,365.50933.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 55.29% 96.5%
Promoter Shareholding (Post-Issue) 40.36% 64.33%
P/E Ratio 9.68 49.55
Market Cap ₹150.16 Cr. ₹133.20 Cr.
ROE 23.96%% 66.40%%
ROCE 19.91%% 48.40%%
Debt/Equity 0.87 0.6
EPS ₹12.29 ₹2.24
RoNW 23.9%% 22.72%%

Shares Offered

In the K2 Infragen IPO retail investors (RII) are offered 11,05,200 shares while in Teerth Gopicon IPO retail investors are offered 11,05,200 shares. Qualified institutional buyers (QIB) are offered 6,31,200 shares in K2 Infragen IPO and 0 shares in Teerth Gopicon IPO.

  K2 Infragen IPO Teerth Gopicon IPO
Anchor Investor Reserveration 9,46,800 shares
Market Maker Reserveration 2,49,600 shares 2,00,400 shares
QIB 6,31,200 shares 0 shares
NII 4,74,000 shares 18,99,600 shares
RII 11,05,200 shares 18,99,600 shares
Employee 0 shares 0 shares
Others
Total 22,10,400 shares 37,99,200 shares

Bids Received (Subscription)

K2 Infragen IPO subscribed 51.47x in total, whereas Teerth Gopicon IPO subscribed 75.54x.

  K2 Infragen IPO Teerth Gopicon IPO
QIB (times) 23.37x
NII (times) 113.98x 97.12x
Big NII (times)
Small NII (times)
RII (times) 40.70x 44.33x
Employee (times)
Other (times)
Total (times) 51.47x 75.54x

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