K2 Infragen Limited IPO Detail
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
- Contract business: planning and construction of the project, procurement of key materials and project execution on the construction sites with overall project management through to commissioning of the projects. This includes water supply projects, railroad projects, road construction projects and civil construction work.
- Services business: The EPC services business comprises the structuring and scheduling of projects, personnel planning and logistics to ensure the 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 buildings, boundary walls, transmission lines, water projects, etc. This includes planning work, surveying, project management and quality supervision.
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.
Company Promoters
Mr. Pankaj Sharma, Ms. Priya Sharma, Mr. Rajesh Tiwari, Mr. Rajiv Khandelwal and Mr. Sarvajeet Singh.IPO Details
| IPO Opening Date | Mar 28, 2024 |
| IPO Closing Date | Apr 03, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹111 - 119 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹40.54 Cr |
| Fresh Issue | ₹40.54 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.86x | 0.00x | 0.00x | 0.74x | 0.90x | 0.85x |
| Day 2 | 0.86x | 0.00x | 0.00x | 0.65x | 2.25x | 1.51x |
| Day 3 | 0.86x | 0.00x | 0.00x | 3.77x | 6.97x | 4.54x |
| Day 4 | 23.37x | 0.00x | 0.00x | 113.98x | 40.70x | 51.47x |
IPO Tentative Timetable
The K2 Infragen Limited IPO open date is Mar 28, 2024, and the close date is Apr 03, 2024. The issue may list on Apr 08, 2024.
| IPO Open Date | Mar 28, 2024 |
| IPO Close Date | Apr 03, 2024 |
| Basis of Allotment Date | Apr 04, 2024 |
| Initiation of Refunds | Apr 05, 2024 |
| Credit of Shares to Demat Account | Apr 05, 2024 |
| IPO Listing Date | Apr 08, 2024 |
IPO Lot Size
The K2 Infragen Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹142800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹142800 |
| Maximum | 1 | 1200 | ₹142800 |
IPO Promoter Holding
| Pre Issue Share Holding | 55.29% |
| Post Issue Share Holding | 40.36% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2220.52 | 3568.05 | 22.49 |
| 31-Mar-22 | 2591.14 | 3685.20 | -311.26 |
| 31-Mar-23 | 5690.40 | 7490.08 | 1132.32 |
| 30-Sep-23 | 6378.79 | 5967.98 | 607.45 |
Objects of the Issue:
The company intends to utilize the Net Proceeds of the Issue to meet the following objects:
- Working capital requirement;
- Capital Expenditure; and
- General corporate purposes.
K2 Infragen Limited IPO Registrar:
KFin Technologies Limited
K2 Infragen Limited IPO Lead Manager(s):
Expert Global Consultants Private Limited
Company Contact Information:
K2 Infragen Limited
801 A, B & 802 A, B, C, 8th Floor,
Welldone Techpark, Sohna Road,
Gurugram – 122 018
