K2 Infragen Limited

28 Mar 2024 - 03 Apr 2024 Individual Category SME IPO NSE

Min Investment

₹142800

Price Band

₹111-₹119

Issue Size

24.6 lakhs
Equity Shares

Lot Size

1200

IPO Dates
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28 Mar 2024

Open Date

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03 Apr 2024

Close Date

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04 Apr 2024

Allotment Date

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08 Apr 2024

Listing Date

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. 

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About K2 Infragen Limited

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.

Founded

2015

Managing Director

Pankaj Sharma

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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