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K2 Infragen IPO vs Teerth Gopicon IPO

Comparison between K2 Infragen IPO and Teerth Gopicon IPO.

IPO Details

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

 K2 Infragen IPOTeerth Gopicon IPO
LogoK2 Infragen IPO LogoTeerth Gopicon IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.Interactive Financial Services Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor 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 Teerth Gopicon IPO is up to ₹42.17 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 IPOTeerth 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)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size31,57,200 shares37,99,200 shares
Fresh Issue Size (Amount)up to ₹37.57 Crup to ₹42.17 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total31,57,200 shares37,99,200 shares
Issue Size Total (Amount)up to ₹37.57 Crup to ₹42.17 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 IPOTeerth Gopicon IPO
Anchor Bid DateMar 27, 2024
Issue OpenMar 28, 2024Apr 08, 2024
Issue CloseApr 03, 2024Apr 10, 2024
Basis Of Allotment (Tentative)Apr 04, 2024Apr 12, 2024
Initiation of Refunds (Tentative)Apr 05, 2024Apr 15, 2024
Credit of Share (Tentative)Apr 05, 2024Apr 15, 2024
Listing date (Tentative)Apr 08, 2024Apr 16, 2024
Anchor Lockin End date 1May 04, 2024
Anchor Lockin End date 2Jul 03, 2024

Financials & KPIs

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

 K2 Infragen IPOTeerth Gopicon 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

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
Total Income6,970.023,914.873,120.774,620.74
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)55.2996.5
Promoter Shareholding (Post-Issue)40.3664.33
P/E Ratio9.6849.55
Market Cap₹150.16 Cr.₹133.20 Cr.
ROE23.96%66.40%
ROCE19.91%48.40%
Debt/Equity0.870.60
EPS₹12.29₹2.24
RoNW23.9%22.72%

Shares Offered

In the K2 Infragen IPO Retail Individual 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 in Teerth Gopicon IPO.

 K2 Infragen IPOTeerth Gopicon IPO
Anchor Investor Reserveration9,46,800 shares
Market Maker Reserveration2,49,600 shares2,00,400 shares
QIB6,31,200 shares
NII4,74,000 shares18,99,600 shares
RII11,05,200 shares18,99,600 shares
Employee
Others
Total31,57,200 shares37,99,200 shares

Bids Received (Subscription)

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

 K2 Infragen IPOTeerth Gopicon IPO
QIB (times)23.37x
NII (times)113.98x97.12x
Big NII (times)
Small NII (times)
RII (times)40.70x44.33x
Employee (times)
Other (times)
Total (times)51.47x75.54x