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K2 Infragen IPO is a book build issue of ₹40.54 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹40.54 crore.
K2 Infragen IPO bidding started from Mar 28, 2024 and ended on Apr 3, 2024. The allotment for K2 Infragen IPO was finalized on Apr 4, 2024. The shares got listed on NSE SME on Apr 8, 2024.
K2 Infragen IPO price band is set at ₹119.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,33,200 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,85,600.
Expert Global Consultants Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
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 |
| Issue Price Band | ₹111 to ₹119 per share |
| Issue Price Final | ₹119 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 34,06,800 shares (aggregating up to ₹40.54 Cr) |
| Reserved for Market Maker | 2,49,600 shares Rikhav Securities Ltd. (aggregating up to ₹2.97 Cr) |
| Net Offered to Public | 31,57,200 shares (aggregating up to ₹37.57 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 92,11,594 shares |
| Share Holding Post Issue | 1,26,18,394 shares |
K2 Infragen IPO offers total 34,06,800 shares. Out of which 15,78,000 (46.32%) allocated to QIB, 6,31,200 (18.53%) allocated to QIB, 4,74,000 (13.91%) allocated to NII, 11,05,200 (32.44%) allocated to RII and 9,46,800 (27.79%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,49,600 (7.33%) |
| QIB Shares Offered | 15,78,000 (46.32%) |
| − Anchor Investor Shares Offered | 9,46,800 (27.79%) |
| − QIB (Ex. Anchor) Shares Offered | 6,31,200 (18.53%) |
| NII (HNI) Shares Offered | 4,74,000 (13.91%) |
| Retail Shares Offered | 11,05,200 (32.44%) |
| Total Shares Offered | 34,06,800 (100.00%) |
K2 Infragen IPO raises ₹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 | 9,46,800 |
| 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 | Thu, Mar 28, 2024 |
| IPO Close Date | Wed, Apr 3, 2024 |
| Tentative Allotment | Thu, Apr 4, 2024 |
| Initiation of Refunds | Fri, Apr 5, 2024 |
| Credit of Shares to Demat | Fri, Apr 5, 2024 |
| Tentative Listing Date | Mon, Apr 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 3, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,42,800 |
| Retail (Max) | 1 | 1,200 | ₹1,42,800 |
| HNI (Min) | 2 | 2,400 | ₹2,85,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹150.16 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| ROE | 23.96% |
| ROCE | 19.91% |
| Debt/Equity | 0.87 |
| RoNW | 23.9% |
| PAT Margin | 10.23% |
| Price to Book Value | 4.32 |
| 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...
| Listing Date | April 8, 2024 |
| BSE Script Code | |
| NSE Symbol | K2INFRA |
| ISIN | INE0DEZ01013 |
| Final Issue Price | ₹119 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹119.00 |
| Open | ₹167.00 |
| Low | ₹158.65 |
| High | ₹175.35 |
| Last Trade | ₹173.25 |
K2 Infragen Ltd.
801 A, B & 802 A, B, C, 8th Floor,
Welldone Techpark, Sohna Road,
Gurugram – 122 018
Sohna, Haryana
Phone: +91 124 4896700
Email: cs@k2infra.com
Website: http://www.k2infra.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: k2infragen.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
K2 Infragen IPO is a SME IPO of 34,06,800 equity shares of the face value of ₹10 aggregating up to ₹40.54 Crores. The issue is priced at ₹119 per share. The minimum order quantity is 1200.
The IPO opens on March 28, 2024, and closes on April 3, 2024.
Kfin Technologies Ltd. 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, and the minimum amount required for application is ₹1,42,800.
You can apply in K2 Infragen IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Monday, April 8, 2024.
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