Bookbuilding IPO | ₹41 Cr | Listed at NSE SME | Thu, Mar 28, 2024 - Wed, Apr 3, 2024
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,42,800 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Mar 28, 2024
IPO Close
Wed, Apr 3, 2024
Issue Price
₹119 per share
Market Cap (Pre-IPO)
₹150.16 Cr
| IPO Date | 28 Mar to 3 Apr, 2024 |
| Listed on | Mon, Apr 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹111 to ₹119 |
| Issue Price | ₹119 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 34,06,800 shares (agg. up to ₹41 Cr) |
| Reserved for Market Maker | 2,49,600 shares Rikhav Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 31,57,200 shares (agg. up to ₹38 Cr) |
| Net Offered to Public | 31,57,200 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 92,11,594 shares |
| Share Holding Post Issue | 1,26,18,394 shares |
| NSE Symbol | K2INFRA |
| ISIN | INE0DEZ01013 |
K2 Infragen IPO comprises a total issue size of 34,06,800 shares. The net offer to the public is 31,57,200 shares, after excluding 2,49,600 shares allotted on a firm basis. Of the Net offer 15,78,000 (49.98%) are allocated to QIB, 4,74,000 (15.01%) allocated to NII 11,05,200 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 15,78,000 | 49.98% | 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 | 15.01% | 13.91% |
| Retail Shares Offered | 11,05,200 | 35.01% | 32.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,49,600 | 7.33% | |
| Total Shares Offered | 34,06,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
K2 Infragen IPO raises ₹11.27 crore from anchor investors. K2 Infragen IPO Anchor bid date is March 27, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Mar 27, 2024 |
| Shares Offered | 9,46,800 |
| Anchor Portion (₹ Cr.) | 11.27 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, May 4, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Jul 3, 2024 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 63.79 | 56.90 | 25.91 | 22.21 |
| Total Income | 59.68 | 74.90 | 36.85 | 35.68 |
| Profit After Tax | 6.07 | 11.32 | -3.11 | 0.22 |
| NET Worth | 25.35 | 13.92 | 1.34 | 1.15 |
| Reserves and Surplus | 16.11 | 11.65 | -0.96 | -0.47 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirement | 16.00 |
| 2 | Capital Expenditure; and | 8.31 |
| 3 | General corporate purposes | 9.23 |
| KPI | Sep 30, 2023 |
|---|---|
| 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 (₹) | 12.29 | 9.63 |
| P/E (x) | 9.68 | 12.36 |
| Promoter Holding | 55.29% | 40.36% |
| Market Cap | ₹150.16 Cr. |
The K2 Infragen IPO is subscribed 51.47 times on April 3, 2024 6:21:59 PM (Day 4). The public issue subscribed 40.7 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 23.37 | 6,31,200 | 1,47,52,800 |
| NII* | 113.98 | 4,74,000 | 5,40,28,800 |
| Retail | 40.7 | 11,05,200 | 4,49,83,200 |
| Total | 51.47 | 22,10,400 | 11,37,64,800 |
Total Application : 37,486
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue relating expenses such as fees to Book Running Lead Manager Fixed Fee, Registrar to the Issue, Legal Advisors, Auditors, statutory advertisements and other expenses incurred / to be incurred including promotional expenses | 0.70 |
| 2 | Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDPs | 6.08 |
| 3 | Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees, other regulatory expenses and sundry expenses. | 0.22 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹119.00 |
| Open | ₹167.00 |
| Low | ₹158.65 |
| High | ₹175.35 |
| Last Trade | ₹173.25 |
Lead Manager Reports
K2 Infragen IPO is a SME IPO of 34,06,800 equity shares of the face value of ₹10 aggregating up to ₹41 Crores. The issue is priced at ₹119 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Mar 28, 2024, and closes on Wed, Apr 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 Thu, Mar 28, 2024 and closes on Wed, Apr 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 Fri, Apr 5, 2024. Check the K2 Infragen IPO allotment status.
The K2 Infragen IPO listing date is on Mon, Apr 8, 2024.
