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K2 Infragen Limited IPO (K2 Infragen IPO) Detail

March 28, 2024 - April 3, 2024

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.

K2 Infragen IPO Details

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 Size3,406,800 shares
(aggregating up to ₹40.54 Cr)
Fresh Issue3,406,800 shares
(aggregating up to ₹40.54 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue9,211,594
Share holding post issue12,618,394
Market Maker portion249,600 shares
Rikhav Securities

K2 Infragen IPO Reservation

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 Offered946,800 (27.79%)
Market Maker Shares Offered249,600 (7.33%)
QIB Shares Offered631,200 (18.53%)
NII (HNI) Shares Offered474,000 (13.91%)
Retail Shares Offered1,105,200 (32.44%)
Total Shares Offered3,406,800 (100%)

K2 Infragen IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

K2 Infragen IPO Lot Size

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

K2 Infragen IPO Promoter Holding

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%

About K2 Infragen Limited

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

  • Contract business: planning and construction of the project, procurement of key materials and project execution on the construction sites with overall project management through to commissioning of the projects. This includes water supply projects, railroad projects, road construction projects and civil construction work.
  • Services business: The EPC services business comprises the structuring and scheduling of projects, personnel planning and logistics to ensure the timely execution and completion of projects. Construction services include engineering, procurement and construction of various projects under build-to-order/build-operate-leasing for the construction of buildings, boundary walls, transmission lines, water projects, etc. This includes planning work, surveying, project management and quality supervision.

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 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

Key Performance Indicator

The market capitalization of K2 Infragen IPO is Rs 150.16 Cr.

KPI as of September 30, 2023.

KPI Values
ROE23.96%
ROCE19.91%
Debt/Equity0.87
RoNW23.9%
P/BV4.32
PAT Margin (%)10.23
Pre IPO Post IPO
EPS (Rs) 12.299.63
P/E (x) 9.6812.36
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Objects of the Issue (K2 Infragen IPO Objectives)

The company intends to utilize the Net Proceeds of the Issue to meet the following objects:

  1. Working capital requirement;
  2. Capital Expenditure; and
  3. General corporate purposes.

K2 Infragen IPO Review (May apply)

[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...


K2 Infragen IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB23.37
NII113.98
Retail40.70
Total51.47

Total Application : 37,486 (40.70 times)

K2 Infragen IPO Prospectus

K2 Infragen IPO Rating

4
4.0
Rating:Rated 4.0 stars
Vote Here ...

K2 Infragen IPO Listing Details

Listing Date April 8, 2024
BSE Script Code
NSE Symbol K2INFRA
ISIN INE0DEZ01013
Final Issue Price ₹119 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹119.00
₹167.00
₹158.65
₹175.35
₹173.25

Check IPO Performance…

K2 Infragen Limited Contact Details

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/

K2 Infragen IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: k2infragen.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

K2 Infragen IPO - Buy or Not

K2 Infragen IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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K2 Infragen IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'K2 Infragen IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The K2 Infragen IPO listing date is on April 8, 2024.
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K2 Infragen IPO Message Board

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99 Comments

42. SaurabhJogi |   Link |  Bookmark |April 21, 2024 3:44:41 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
📌Bought few lots on friday because of:-
1) EPC sector is on rise. They are into water supply projects, railroad and construction business.
2) Big order book of 395Cr+🔥 and mkt cap is 200Cr only.✅
3) P/E:- 16✅
4) present in 8 states of INDIA.

Lets see how it performs in next week, circuit change is on wednesday.
41. MuStrFc |   Link |  Bookmark |April 8, 2024 10:46:41 AM
IPO Guru IPO Guru (3000+ Posts, 2400+ Likes)
Rikhav is no more a pure avoid candidate after "today".
41.1. Vikajay |   Link |  Bookmark |April 8, 2024 8:03:50 PM
It was never; but if the company was average or below average, risk was multifold.
40. Rashid Cherukat |   Link |  Bookmark |April 8, 2024 6:30:55 AM
Hello Investors..

I got allotment in K2 Infragen,.. so what should be the idea to sell on listing? Is it better to place bid on pre-Open and if Yes, on what price? Its my first SME IPO allotment and am not sure about the listing behavior and liquidity.

Thanks in advance,
Rashid
40.1. Kransh |   Link |  Bookmark |April 8, 2024 10:16:15 AM
In SME IPO if your risk appetite is low to medium, prefer to sell in pre open always as liquidity issue remains.
In Pre Open the Price is fixed automatically by supply and demand in that session and only LIMIT order can be placed, so you just have to place LIMIT SELL order at the Issue price in this case 119, any price above this will trigger sell order and will be sold at the equilibrium price, let's say equilibrium price is 170, it will be sold at 170, gaining 51/share.

All the best!
39. Iposs |   Link |  Bookmark |April 8, 2024 1:22:19 AM (400+ Posts)
Something going on here. I won't sell in preopen
39.1. Simply Vicky |   Link |  Bookmark |April 8, 2024 6:58:44 AM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
@IPOSTAR  You may keep it for long term as per your risk appetite.
38. M Gupta |   Link |  Bookmark |April 7, 2024 4:13:46 PM
IPO Guru IPO Guru (1100+ Posts, 3300+ Likes)
GMP 50/- buyer only
38.3. M Gupta |   Link |  Bookmark |April 7, 2024 6:43:32 PM
IPO Guru IPO Guru (1100+ Posts, 3300+ Likes)
@sang Sir

Yes sir

Now further up buyer 65/- rocket
38.4. LegendsofIPO |   Link |  Bookmark |April 7, 2024 10:37:06 PM
@sang @M Gupta  Sir rates for Yash optics? Can it surprise on listing?
37. Not Smart |   Link |  Bookmark |April 5, 2024 7:53:14 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
0/2 ,congrats allottees
36. 🔥Black Rock 🔥 |   Link |  Bookmark |April 4, 2024 9:23:38 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
K2 infra is moved to recent allotments on kfintech. We see the allotment soon
36.4. diwan kapoor |   Link |  Bookmark |April 5, 2024 1:30:19 AM
IPO Guru IPO Guru (1500+ Posts, 1000+ Likes)
@Vimal Garodia Bhai.. You are always a helping hand for the needed here...
God bless you with good health & wealth.. Bandhu 🥀🥀
36.5. Vimal Garodia |   Link |  Bookmark |April 5, 2024 8:04:45 AM
IPO Guru IPO Guru (3500+ Posts, 3900+ Likes)
Thank you @diwan kapoor bhai, it is always nice to hear an encouraging word from fellow members. God bless you too...🙏🙏
35. rohiitian |   Link |  Bookmark |April 4, 2024 11:44:28 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Got 2 lots from 37/37/37
35.5. Anshujii |   Link |  Bookmark |April 9, 2024 6:41:37 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
Have you sold bro ? Any more fire left in this ?
35.6. rohiitian |   Link |  Bookmark |April 9, 2024 7:20:51 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
@Anshujii I exited both lots yesterday itself at UC - the volume was low, so didn't have confidence to hold. Price also was stretched at 18 PE.
34. KAMMA SIVA RAMA KRISHNA |   Link |  Bookmark |April 4, 2024 11:09:40 PM
0/1 in the Retail Category. All the best to the allottees.
34.6. Diligent IPO Learner |   Link |  Bookmark |April 6, 2024 12:19:01 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Yes I too wish @KAMMA SIVA RAMA KRISHNA sir multiple allotments in multiple issues in the future. He is a very noble soul and sweet-spoken to everyone :)
34.7. KAMMA SIVA RAMA KRISHNA |   Link |  Bookmark |April 7, 2024 12:55:48 PM
Thank you very much for your kind wishes. God blesses you with all the best.
33. Kathiyawadi |   Link |  Bookmark |April 4, 2024 11:15:53 PM
2 out of 4 retail

Bas acchi listing ho jaye
32. IPO Passion |   Link |  Bookmark |April 4, 2024 11:08:06 PM
0/3 retail
32.1. 🔥Black Rock 🔥 |   Link |  Bookmark |April 4, 2024 11:12:50 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Same 0/3 Retail
Bad. Luck
31. Anshujii |   Link |  Bookmark |April 4, 2024 11:11:42 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
Got 1/7 retail..hope for a good listing..all the best to all allottes and better luck next time to non alloted..
30. MuStrFc |   Link |  Bookmark |April 4, 2024 11:11:33 PM
IPO Guru IPO Guru (3000+ Posts, 2400+ Likes)
Applied 11/7/1

Allotted Nil.

All the best to allottees !!
29. Koradiya |   Link |  Bookmark |April 4, 2024 10:50:52 PM
Allotment update?
29.1. MAMU |   Link |  Bookmark |April 4, 2024 10:58:56 PM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
Soon
29.2. 🔥Black Rock 🔥 |   Link |  Bookmark |April 4, 2024 11:04:49 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Allotment out got check it out
28. ADP |   Link |  Bookmark |April 4, 2024 10:39:39 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Ye Sabse purana Ragistar hai lekin service Gathiya hai sabse late allotment iska hota hai
27. Seth. |   Link |  Bookmark |April 4, 2024 9:40:57 PM
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
K2 allotment status updated in RBL bank app
RBL user can check now.
26. Seth. |   Link |  Bookmark |April 4, 2024 1:25:49 AM
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
Now premium rising after subscription to 32-35 rs , let's see what happens on listing day
25. 🔥Black Rock 🔥 |   Link |  Bookmark |April 3, 2024 6:34:22 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Applied 3 Retail applications
Hope for the best
25.1. 🔥Black Rock 🔥 |   Link |  Bookmark |April 4, 2024 4:25:18 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Gmp 35
25.2. 🔥Black Rock 🔥 |   Link |  Bookmark |April 4, 2024 11:06:14 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Allotment out 0/3 bad luck
24. MuStrFc |   Link |  Bookmark |April 3, 2024 4:05:33 PM
IPO Guru IPO Guru (3000+ Posts, 2400+ Likes)
Applied few applications in K2.
23. Palka |   Link |  Bookmark |April 3, 2024 1:16:13 PM
IPO Mentor IPO Mentor (1000+ Posts, 200+ Likes)
@rohiitian how many lots are you going to apply. Please advise us before 3 pm
23.3. Gingal |   Link |  Bookmark |April 3, 2024 3:29:23 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@rohiitian will u keep it open ? Pl reply if you don't mind.
23.4. rohiitian |   Link |  Bookmark |April 3, 2024 3:57:44 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Yes open - I don't sell & apply