K2 Infragen Limited IPO
NSE SMEListed On: Apr 8, 2024 at ₹ 167.0
₹ 285600 /2400 Shares
*Min Investment
28 Mar, 2024
Open Date03 Apr, 2024
Close Date04 Apr, 2024
Allotment Date08 Apr, 2024
Listing DateK2 Infragen Limited IPO Issue Details
- Issue Price ₹111-119 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 34,06,800 shares(aggregating up to ₹40.54 crore)
- Fresh Share 34,06,800 shares(aggregating up to ₹40.54 crore)
- Listing at NSE SME
- List Price 167.0
- Listing Date 2024-04-08
- Lead Manager Expert Global Consultants Private Limited
- Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following 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 | ₹1,42,800 |
| Retail(max) | 1 | 1200 | ₹1,42,800 |
| NII (min) | 2 | 2400 | ₹2,85,600 |
K2 Infragen Limited IPO Reservation
K2 Infragen Limited IPO offers total 3,406,800 shares. Out of which 631,200 (18.53%) allocated to QIB, 474,000 (13.91%) allocated to NII,1,105,200 (32.44%) allocated to RII, NA (NA%) allocated to employees and 946,800 (27.79%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| 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 Limited IPO Details
K2 Infragen Limited IPO is an SME IPO, priced at ₹111-119 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 34,06,800 equity shares, aggregating up to ₹40.54 crores..
The IPO bidding window is open from Mar 28, 2024 to Apr 3, 2024. The allotment is expected to be finalized on Apr 4, 2024, and the tentative listing date is Apr 8, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,42,800. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,85,600.
Expert Global Consultants Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Rikhav Securities Limited will act as the market maker for this issue.
K2 Infragen Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 631,200 / 474,000 | 1,105,200 | 2,210,400 |
Day 1 28-03-24 06:00 PM | 0.86 / 0.74 x | 0.90 x | 0.85 x |
Day 2 01-04-24 06:00 PM | 0.86 / 0.65 x | 2.25 x | 1.51 x |
Day 3 02-04-24 06:00 PM | 0.86 / 3.77 x | 6.97 x | 4.54 x |
Day 4 03-04-24 06:00 PM | 23.37 / 113.74 x | 38.91 x | 50.52 x |
K2 Infragen Limited Valuations
K2 Infragen Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 5,690.40 | 2,591.14 | 2,220.52 |
| Revenue | 7,490.08 | 3,685.20 | 3,568.05 |
| Profit After Tax | 1,132.32 | -311.26 | 22.49 |
About K2 Infragen Limited Company
K2 Infragen Limited was incorporated in 2015 and is an EPC company. Earlier, it was 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: EPC services business forms the basis of structuring and scheduling of projects, human planning, and logistics in order to achieve timely project completion. The construction services of this company form engineering, procurement, and construction services for building to order/build and operate leasing services. These involve construction services in planning work, surveying, project management, and quality supervision on projects of buildings, boundary walls, transmission lines, water projects, etc.
2. Business of trading: There is purchasing of materials such as non-ferrous metals from an open market at auction procedures.
By the date of March 22, 2024, the company comprised a total workforce of 61 employees.
K2 Infragen Limited - Promoter(s)
Mr. Pankaj Sharma
Ms. Priya Sharma
Mr. Rajesh Tiwari
Mr. Rajiv Khandelwal
Mr. Sarvajeet Singh
Pre Issue Share Holding : 55.29%
Post Issue Share Holding : 40.36%
K2 Infragen Limited IPO - Issue Objectives
Working capital requirement
Capital Expenditure
General corporate purposes.
K2 Infragen Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| K2 Infragen Limited | 18.04 | 15.4 | 62.04 | N/A | 81.32 | 1.92 | Standalone |
| Markolines Pavement Technologies Ltd | 8.24 | 8.24 | 44.91 | 12.68 | 18.35 | N/A | Consolidated |
| W S Industries (India) Ltd | 4.45 | 3.99 | 15.54 | 8.16 | 30.24 | N/A | Consolidated |
| Udayshivakumar Infra Ltd | 4.37 | 4.37 | 25.52 | N/A | 11.11 | N/A | Consolidated |
| Advait Infratech Ltd | 15.59 | 15.59 | 50.01 | 17.91 | 19.6 | N/A | Consolidated |
Notes:
- The P/E Ratio for peer companies has been computed based on the closing market price of respective equity shares as of March 31, 2023, sourced from the Stock Exchange, divided by the Basic/Diluted EPS as applicable.
Contact Details
K2 Infragen Limited
801 A, B & 802 A, B, C, 8th Floor, Welldone Techpark, Sohna Road, Gurugram – 122 018
+91 124 4896700
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
K2 Infragen Limited IPO - FAQs
Ans. K2 Infragen Limited IPO is a SME IPO. The issue is priced at ₹111-119 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Mar 28, 2024, and closes on Apr 3, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The K2 Infragen Limited IPO opens on Mar 28, 2024 and closes on Apr 3, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of K2 Infragen Limited IPO is 3,406,800 shares(aggregating up to ₹40.54 Cr).
Ans. The K2 Infragen Limited IPO price band is set between ₹111-119 per equity share.
Ans. To apply for K2 Infragen Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find K2 Infragen Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of K2 Infragen Limited IPO is Apr 4, 2024.
Ans. The K2 Infragen Limited IPO will be listed on Apr 8, 2024.
Ans. Follow the steps to check the K2 Infragen Limited IPO allotment status online.
