22-Mar-2024
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K2 Infragen IPO is open for subscription starting Thursday, March 28, 2024, and closing on Wednesday, April 3, 2024. The price band of this upcoming IPO is decided at Rs 111 to Rs 119 per share. The minimum lot size of this application for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum amount of investment required for retail category investors is Rs 1,42,800 (119 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,85,600 (119 x 2400 shares). K2 Infragen IPO is a book-built issue of Rs 40.54 crores. This upcoming IPO issue is completely a fresh issue of 34.07 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Thursday, April 4, 2024. K2 Infragen IPO will be listed on NSE SME, and the listing date is fixed on Monday, April 8, 2024. The book-running lead manager of K2 Infragen IPO is Expert Global Consultant Private Limited. The registrar for this IPO is Kfin Technologies Private Limited. The market maker of this IPO is Rikhav Securities.
About K2 Infragen Limited Company Profile
K2 Infragen founded in 2015, engaged in the business of construction. It is an Engineering, Procurement and Construction company. Earlier, the company was known as K2 Powergen Private Private Limited. The Company’s business is divided into two divisions: EPC and Trading Business. EPC Business includes Contract Business in which planning and construction of the project, procurement of the key materials and project execution on the construction sites are held. This includes water supply projects and road construction projects, rail road projects and civil construction work. The services business comprises structuring and scheduling of projects, personnel planning and logistics to ensure timely execution and completion of projects. Construction services include engineering, procurement and construction of various projects under build to order/ build operate leasing for the construction of building and boundary walls, water projects etc. K2 Infragen Trading Business includes procurement and trading of materials such as non-ferrous metals on the open market through auction procedures. As per latest record, in March 2024, the company had a total of 61 employees.
Objectives of K2 Infragen IPO Issue
The funds raised from this IPO issue will be used to meet the working capital requirement of the company. Also, funds will be used to do a capital expenditure for the growth of a company. The remaining will be utilised for the general corporate purposes.
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Financials of K2 Infragen Limited (Amt in Rs Lakhs)
K2 Infragen posted a revenue of Rs 5967.98 lakhs and profit after tax of Rs 607.45 lakhs for the quarter ending on September 30, 2023. The company’s revenue increased by 103.25% and PAT increased by 463.79% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 6,378.79 | 5,690.40 | 2,591.14 | 2,220.52 |
| Revenue | 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 |
Other Important Details of K2 Infragen IPO
| IPO Date | March 28, 2024 to April 3, 2024 |
| Listing Date | 8-Apr-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 111 to Rs 119 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3,406,800 shares amounting to Rs 40.54 crore |
| Fresh Issue | 3,406,800 shares amounting to Rs 40.54 crore |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 9,211,594 |
| Shareholding post issue | 12,618,394 |
| Market Maker portion | 249,600 shares |
Time-Table of K2 Infragen IPO
| IPO Open Date | Thursday, March 28, 2024 |
| IPO Close Date | Wednesday, April 3, 2024 |
| Basis of Allotment | Thursday, April 4, 2024 |
| Initiation of Refunds | Friday, April 5, 2024 |
| Credit of Shares to Demat | Friday, April 5, 2024 |
| Listing Date | Monday, April 8, 2024 |
| Cut-off time for UPI mandate | 5 PM on April 3, 2024 |
Lot Size of K2 Infragen IPO
| Application | Lots | Shares | Amount |
| Retail - Minimum | 1 | 1200 | Rs 142,800 |
| Retail - Maximum | 1 | 1200 | Rs 142,800 |
| HNI - Minimum | 2 | 2,400 | Rs 285,600 |
IPO Reservation of K2 Infragen Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 50 percent of the Issue |
| Retail Shares | Not less than 35 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
Key Performance Indicator of K2 Infragen Limited IPO
| KPI | Values |
| ROE | 23.96% |
| ROCE | 19.91% |
| Debt/Equity | 0.87 |
| RoNW | 23.90% |
| P/BV | 4.32 |
| PAT Margin | 10.23% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 12.29 | 9.63 |
| P/E | 9.68 | 12.36 |
Promoters of K2 Infragen Limited and Their Holdings
The promoters of K2 Infragen company are Pankaj Sharma, Priya Sharma, Rajesh Tiwari, Rajiv Khandelwal and Sarvajeet Singh.
| Shareholding Pre Issue | 55.29 percent |
| Shareholding Post Issue | 40.36 percent |
Lead Manager(s) of K2 Infragen IPO
The lead manager for K2 Infragen IPO is Expert Global Consultant Private Limited.
How do you apply for the K2 Infragen IPO?
Wait for the public issue to open for subscription, then click here to apply for the K2 Infragen Limited IPO with Bigul.
How do you check the allotment status of K2 Infragen IPO?
The registrar for K2 Infragen IPO is Kfin Technologies Private Limited. To check your allotment status, please click here.
FAQs
- What is the K2 Infragen IPO?
K2 Infragen IPO is a book-built issue of Rs 40.54 crores. This upcoming IPO issue is completely a fresh issue of 34.07 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Thursday, April 4, 2024.
- Who are the lead managers for the K2 Infragen Limited IPO?
Expert Global Consultant Private Limited is appointed as the lead manager for the IPO.
- What is the role of Kfin Technologies Private Limited in this IPO?
Kfin Technologies Private Limited is the registrar for K2 Infragen Limited, handling the IPO's administrative aspects.
- How can I apply for the K2 Infragen IPO?
The public subscription of this new IPO will open on March 28, 2024. Click here to initiate the application process.
- How will the net proceeds from the IPO be utilised?
The funds raised from this IPO issue will be used to meet the working capital requirement of the company. Also, funds will be used to do a capital expenditure for the growth of a company. The remaining will be utilised for the general corporate purposes.
- How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the K2 Infragen Limited IPO 2024 by visiting here.
- What is the financial performance of K2 Infragen Limited?
K2 Infragen posted a revenue of Rs 5967.98 lakhs and profit after tax of Rs 607.45 lakhs for the quarter ending on September 30, 2023. The company’s revenue increased by 103.25% and PAT increased by 463.79% between the financial year ending with March 31, 2023 and March 31, 2022.
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