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K2 Infragen IPO is a book built issue of Rs 40.54 crores. The issue is entirely a fresh issue of 34.07 lakh shares.
K2 Infragen IPO bidding started from March 28, 2024 and ended on April 3, 2024. The allotment for K2 Infragen IPO was finalized on Thursday, April 4, 2024. The shares got listed on NSE SME on April 8, 2024.
K2 Infragen IPO price band is set at ₹111 to ₹119 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹142,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹285,600.
Expert Global Consultants Private Limited is the book running lead manager of the K2 Infragen IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for K2 Infragen IPO is Rikhav Securities.
Refer to K2 Infragen IPO RHP for detailed information.
| IPO Date | March 28, 2024 to April 3, 2024 |
| Listing Date | April 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹111 to ₹119 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3,406,800 shares (aggregating up to ₹40.54 Cr) |
| Fresh Issue | 3,406,800 shares (aggregating up to ₹40.54 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,211,594 |
| Share holding post issue | 12,618,394 |
| Market Maker portion | 249,600 shares Rikhav Securities |
K2 Infragen IPO offers 3,406,800 shares. 631,200 (18.53%) to QIB, 474,000 (13.91%) to NII, 1,105,200 (32.44%) to RII and 946,800 (27.79%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 946,800 (27.79%) |
| Market Maker Shares Offered | 249,600 (7.33%) |
| QIB Shares Offered | 631,200 (18.53%) |
| NII (HNI) Shares Offered | 474,000 (13.91%) |
| Retail Shares Offered | 1,105,200 (32.44%) |
| Total Shares Offered | 3,406,800 (100%) |
K2 Infragen IPO raises Rs 11.27 crore from anchor investors. K2 Infragen IPO Anchor bid date is March 27, 2024. K2 Infragen IPO Anchor Investors list
| Bid Date | March 27, 2024 |
| Shares Offered | 946,800 |
| Anchor Portion Size (In Cr.) | 11.27 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 4, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 3, 2024 |
K2 Infragen IPO opens on March 28, 2024, and closes on April 3, 2024.
| IPO Open Date | Thursday, March 28, 2024 |
| IPO Close Date | Wednesday, April 3, 2024 |
| Basis of Allotment | Thursday, April 4, 2024 |
| Initiation of Refunds | Friday, April 5, 2024 |
| Credit of Shares to Demat | Friday, April 5, 2024 |
| Listing Date | Monday, April 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 3, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹142,800 |
| Retail (Max) | 1 | 1200 | ₹142,800 |
| HNI (Min) | 2 | 2,400 | ₹285,600 |
| Lot Size Calculator | |||
The company's promoters are Mr. Pankaj Sharma, Ms. Priya Sharma, Mr. Rajesh Tiwari, Mr. Rajiv Khandelwal and Mr. Sarvajeet Singh.
| Share Holding Pre Issue | 55.29% |
| Share Holding Post Issue | 40.36% |
K2 Infragen Limited was founded in 2015 and is an engineering, procurement and construction (EPC) company. The company was previously known as K2 Powergen Private Limited.
The company has two divisions:
1. Engineering, Procurement and Construction (EPC): This includes
2. Trading business: This includes the procurement and trading of materials such as non-ferrous metals on the open market through auction procedures.
As of March 22, 2024, the company had a total of 61 employees.
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 Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,378.79 | 5,690.40 | 2,591.14 | 2,220.52 |
| Revenue | 5,967.98 | 7,490.08 | 3,685.20 | 3,568.05 |
| Profit After Tax | 607.45 | 1,132.32 | -311.26 | 22.49 |
| Net Worth | 2,535.32 | 1,392.45 | 133.84 | 115.49 |
| Reserves and Surplus | 1,611.24 | 1,165.10 | -96.26 | -46.56 |
| Amount in ₹ Lakhs | ||||
The market capitalization of K2 Infragen IPO is Rs 150.16 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 23.96% |
| ROCE | 19.91% |
| Debt/Equity | 0.87 |
| RoNW | 23.9% |
| P/BV | 4.32 |
| PAT Margin (%) | 10.23 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.29 | 9.63 |
| P/E (x) | 9.68 | 12.36 |
The company intends to utilize the Net Proceeds of the Issue to meet the following objects:
[Dilip Davda] The company is operating in a highly competitive segment. After static performance for FY21 and FY22 with a huge loss for the fiscal 21/22, it posted robust performance with bumper profits that not only raise eyebrows, but also concern over its sustainability. Based on FY24 annualized super earnings, the issue appears fully priced. It has order book worth Rs. 395+ cr. as of February 29, 2024. Well-informed investors may park moderate funds for the medium to long term rewards. Read detail review...
The K2 Infragen IPO is subscribed 51.47 times on April 3, 2024 6:21:59 PM. The public issue subscribed 40.70 times in the retail category, 23.37 times in the QIB category, and 113.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 23.37 |
| NII | 113.98 |
| Retail | 40.70 |
| Total | 51.47 |
Total Application : 37,486 (40.70 times)
| Listing Date | April 8, 2024 |
| BSE Script Code | |
| NSE Symbol | K2INFRA |
| ISIN | INE0DEZ01013 |
| Final Issue Price | ₹119 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹119.00 |
| ₹167.00 |
| ₹158.65 |
| ₹175.35 |
| ₹173.25 |
K2 Infragen Limited
801 A, B & 802 A, B, C, 8th Floor,
Welldone Techpark, Sohna Road,
Gurugram – 122 018
Phone: +91 124 4896700
Email: cs@k2infra.com
Website: http://www.k2infra.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: k2infragen.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Check our SME IPO Guide 
K2 Infragen IPO is a SME IPO of 3,406,800 equity shares of the face value of ₹10 aggregating up to ₹40.54 Crores. The issue is priced at ₹111 to ₹119 per share. The minimum order quantity is 1200 Shares.
The IPO opens on March 28, 2024, and closes on April 3, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in K2 Infragen IPO using UPI as a payment gateway. Zerodha customers can apply in K2 Infragen IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in K2 Infragen IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The K2 Infragen IPO opens on March 28, 2024 and closes on April 3, 2024.
K2 Infragen IPO lot size is 1200 Shares, and the minimum amount required is ₹142,800.
You can apply in K2 Infragen IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for K2 Infragen IPO will be done on Thursday, April 4, 2024, and the allotted shares will be credited to your demat account by Friday, April 5, 2024. Check the K2 Infragen IPO allotment status.
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