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K2 Infragen IPO vs TAC Infosec IPO

Comparison between K2 Infragen IPO and TAC Infosec IPO.

IPO Details

K2 Infragen IPO is a SME Bookbuilding IPO proposed to list at NSE SME while TAC Infosec IPO is a SME Bookbuilding proposed to list at NSE SME.

 K2 Infragen IPOTAC Infosec IPO
LogoK2 Infragen IPO LogoTAC Infosec IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of K2 Infragen IPO is up to ₹37.57 Cr whereas the issue size of the TAC Infosec IPO is up to ₹28.49 Cr. The final issue price of K2 Infragen IPO is ₹119.00 per share and of TAC Infosec IPO is ₹106.00 per share.

 K2 Infragen IPOTAC Infosec IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹111.00 per share₹100.00 per share
Issue Price (Upper)₹119.00 per share₹106.00 per share
Issue Price (Final)₹119.00 per share₹106.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size31,57,200 shares26,88,000 shares
Fresh Issue Size (Amount)up to ₹37.57 Crup to ₹28.49 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total31,57,200 shares26,88,000 shares
Issue Size Total (Amount)up to ₹37.57 Crup to ₹28.49 Cr

IPO Timetable

K2 Infragen IPO opens on Mar 28, 2024, while TAC Infosec IPO opens on Mar 27, 2024. The closing date of K2 Infragen IPO and TAC Infosec IPO is Apr 03, 2024, and Apr 02, 2024, respectively.

 K2 Infragen IPOTAC Infosec IPO
Anchor Bid DateMar 27, 2024Mar 26, 2024
Issue OpenMar 28, 2024Mar 27, 2024
Issue CloseApr 03, 2024Apr 02, 2024
Basis Of Allotment (Tentative)Apr 04, 2024Apr 03, 2024
Initiation of Refunds (Tentative)Apr 05, 2024Apr 04, 2024
Credit of Share (Tentative)Apr 05, 2024Apr 04, 2024
Listing date (Tentative)Apr 08, 2024Apr 05, 2024
Anchor Lockin End date 1May 04, 2024May 03, 2024
Anchor Lockin End date 2Jul 03, 2024Jul 02, 2024

Financials & KPIs

K2 Infragen IPO P/E ratio is 9.68, as compared to TAC Infosec IPO P/E ratio of 15.98.

 K2 Infragen IPOTAC Infosec IPO
Financials

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
Total Income5,967.987,490.083,685.203,568.05
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

TAC Infosec Limited Financial Information (Restated)

TAC Infosec Limited's revenue increased by 93.7% and profit after tax (PAT) rose by 735.05% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,213.02977.65496.45404.00
Total Income531.101,014.28523.63516.49
Profit After Tax194.85507.2960.7561.13
Net Worth962.90768.05260.75200.00
Reserves and Surplus917.90723.05215.75155.00
Total Borrowing27.6835.9389.0622.29
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)55.2978.00
Promoter Shareholding (Post-Issue)40.3656.94
P/E Ratio9.6815.98
Market Cap₹150.16 Cr.₹111.08 Cr.
ROE23.96%22.51%
ROCE19.91%22.75%
Debt/Equity0.87
EPS₹12.29₹6.63
RoNW23.9%20.24%

Shares Offered

In the K2 Infragen IPO Retail Individual Investors (RII) are offered 11,05,200 shares while in TAC Infosec IPO retail investors are offered 11,05,200 shares. Qualified Institutional Buyers (QIB) are offered 6,31,200 shares in K2 Infragen IPO and 5,37,600 shares in TAC Infosec IPO.

 K2 Infragen IPOTAC Infosec IPO
Anchor Investor Reserveration9,46,800 shares8,06,400 shares
Market Maker Reserveration2,49,600 shares1,41,600 shares
QIB6,31,200 shares5,37,600 shares
NII4,74,000 shares4,03,200 shares
RII11,05,200 shares9,40,800 shares
Employee
Others
Total31,57,200 shares26,88,000 shares

Bids Received (Subscription)

K2 Infragen IPO subscribed 51.47x in total, whereas TAC Infosec IPO subscribed 422.03x.

 K2 Infragen IPOTAC Infosec IPO
QIB (times)23.37x141.29x
NII (times)113.98x768.89x
Big NII (times)
Small NII (times)
RII (times)40.70x433.80x
Employee (times)
Other (times)
Total (times)51.47x422.03x