K2 Infragen IPO description – K2 Infragen is an integrated engineering, procurement, and construction (EPC) company specializing in Power Engineering and Project Engineering. It has extensive experience in the design and construction of various projects across 8 States in India, namely Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Haryana, Gujarat, Punjab, and Delhi. The company was formerly known as K2 Powergen Private Limited.
The company offers its services across the entire value chain, encompassing design, procurement, construction supervision, subcontract management, work order management, and post-construction activities for its clients. As of 31 October 2023, the company’s equipment base consisted of over 13 Construction & Mining Machinery and 24 vehicles. The business is broadly divided into the following two categories:
- Engineering, Procurement, and Construction (EPC)
Contract Business: This category encompasses water supply projects, railroad projects, road construction projects, and civil construction work.
Service Business: This category includes planning work, surveying, project management, and quality supervision. - Trading Business: This category involves the procurement and trading of materials such as non-ferrous metals on the open market through auction procedures.
Promoters of K2 Infragen – Mr. Pankaj Sharma, Ms. Priya Sharma, Mr. Rajesh Tiwari, Mr. Rajiv Khandelwal, and Mr. Sarvajeet Singh
Table of Contents
K2 Infragen IPO Details
| K2 Infragen IPO Dates | 28 Mar – 3 Apr 2024 |
| K2 Infragen Issue Price | INR 111 – 119 per share |
| Fresh issue | 3,406,800 shares (INR 37.82 – 40.54 crore) |
| Offer For Sale | NIL |
| Total IPO size | 3,406,800 shares (INR 37.82 – 40.54 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 142,800) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
K2 Infragen Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 35.47 | 36.57 | 74.79 | 59.39 |
| Expenses | 35.17 | 39.88 | 59.66 | 51.40 |
| Net income | 0.23 | (3.11) | 11.32 | 6.07 |
K2 Infragen Offer News
- K2 Infragen RHP
- K2 Infragen Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
K2 Infragen Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.69 | (6.04) | 15.40 |
| PE ratio | – | – | 7.21 – 7.73 |
| RONW (%) | 23.60 | (253.70) | 81.40 |
| NAV | – | – | 62.04 |
| ROCE (%) | 8.41 | (4.98) | 46.22 |
| EBITDA (%) | 7.40 | 1.40 | 25.76 |
| Debt/Equity | 15.87 | 15.40 | 1.71 |
K2 Infragen IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 6 April 2024 | 38 | – | 30,000 |
| 5 April 2024 | 35 | – | 30,000 |
| 4 April 2024 | 33 | – | 28,000 |
| 3 April 2024 | 30 | – | 26,000 |
| 2 April 2024 | 30 | – | 26,000 |
| 1 April 2024 | 30 | – | 26,000 |
| 30 March 2024 | 30 | – | 26,000 |
| 29 March 2024 | 30 | – | 26,000 |
| 28 March 2024 | 25 | – | 23,000 |
| 27 March 2024 | 20 | – | 20,000 |
| 26 March 2024 | 20 | – | 20,000 |
K2 Infragen IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 631,200 | 474,000 | 1,105,200 | 2,210,400 |
| 3 Apr 2024 | 23.37 | 114.26 | 38.91 | 50.63 |
| 2 Apr 2024 | 0.86 | 4.28 | 6.92 | 4.62 |
| 1 Apr 2024 | 0.86 | 1.17 | 2.22 | 1.60 |
| 28 Mar 2024 | 0.86 | 0.74 | 0.89 | 0.85 |
The market maker reservation portion of 249,600 shares is not included in the above calculations.
K2 Infragen IPO Allotment Status
K2 Infragen IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
K2 Infragen IPO Dates & Listing Performance
| IPO Opening Date | 28 March 2024 |
| IPO Closing Date | 3 April 2024 |
| Finalization of Basis of Allotment | 4 April 2024 |
| Initiation of refunds | 5 April 2024 |
| Transfer of shares to demat accounts | 5 April 2024 |
| IPO Listing Date | 8 April 2024 |
| Opening Price on NSE SME | INR 167 per share (up 40.34%) |
| Closing Price on NSE SME | INR 173.25 per share (up 45.59%) |
K2 Infragen Offer Lead Manager
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone:Â +91 011 4509 8234
Email:Â [email protected]
Website:Â www.expertglobal.in
K2 Infragen Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â 91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
K2 Infragen IPO Contact Details
K2 INFRAGEN LIMITED
801 A, B & 802 A, B, C, 8th Floor, Welldone Techpark,
Sohna Road, Gurugram, Haryana – 122018
Phone: +91 124 4896700
E-mail: [email protected]
Website: www.k2infra.com
IPO FAQs
What is the K2 Infragen offer size?
K2 Infragen offer size is INR 37.82 – 40.54 crores.
What is the K2 Infragen offer price band?
K2 Infragen public offer price is INR 111 – 119 per share.
What is the lot size of the K2 Infragen IPO?
K2 Infragen offer lot size is 1,200 shares.
What is K2 Infragen IPO GMP today?
K2 Infragen IPO GMP today is INR 38 per share.
What is the K2 Infragen kostak rate today?
K2 Infragen kostak rate today is NA per application.
What is K2 Infragen Subject to Sauda rate today?
K2 Infragen are Subject to the Sauda rate today is INR 30,000 per application.
