K2 Infragen is scheduled to hit the market on March 28, 2024 and close on April 3, 2024. K2 Infragen plans to raise around ₹40.54 Cr through an IPO with a sale of up to 3,406,800 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
K2 Infragen, originally founded in 2015 as K2 Powergen Private Limited, operates as an engineering, procurement, and construction (EPC) company. The company's primary focus lies in two distinct divisions. The first division, Engineering, Procurement, and Construction (EPC), encompasses the planning, procurement, and execution of various projects ranging from water supply and railroad projects to road construction and civil engineering works. Within this division, K2 Infragen undertakes contract business activities involving project planning, material procurement, project execution, and overall project management up to project commissioning. Additionally, the company offers EPC services that involve project structuring, personnel planning, logistics management, and construction services for a wide range of projects under build-to-order/build-operate-leasing schemes.
The second division of K2 Infragen is dedicated to Trading business operations, specifically focusing on the procurement and trading of materials like non-ferrous metals through open market auction procedures. As of March 22, 2024, the company boasts a workforce of 61 employees who contribute to the efficient functioning and growth of both its EPC and Trading business divisions.
K2 Infragen IPO Details
K2 Infragen IPO opens on March 28, 2024, and closes on April 3, 2024. The Listing date for K2 Infragen IPO is on April 8, 2024. The price band for IPO is ₹111 to ₹119 per share and lot size of 1200 Shares.
| IPO Date | Mar 28, 2024 to April 3, 2024 |
| Listing Date | April 8, 2024 |
| Price | ₹111 to ₹119 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹40.54 Cr |
| Face Value | ₹10 per share |
K2 Infragen IPO Tentative Timetable
K2 Infragen opening date is March 28, 2024 and close date is April 03, 2024. The IPO allotment date is April 04, 2024. The refund initiation of IPO is on April 05, 2024. The credit of shares in demat account is on April 05, 2024. The listing date is on April 08, 2024.
| Event | Date |
|---|---|
| IPO Opening | Mar 28, 2024 |
| IPO Closing | April 03, 2024 |
| IPO Allotment Date | April 04, 2024 |
| Refund Initiation | April 05, 2024 |
| Shares Credit to Demat | April 05, 2024 |
| Lisiting Date | April 08, 2024 |
K2 Infragen IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹142,800).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹142,800 |
| Retail(Maximum) | 1 | 1200 | ₹142,800 |
| HNI (Minimum) | 2 | 2400 | ₹285,600 |
K2 Infragen IPO Promoter Holding
| Pre Issue Share Holding | 55.29% |
| Post Issue Share Holding | 40.36% |
K2 Infragen IPO Review
K2 Infragen Limited, previously known as K2 Powergen Private Limited, has emerged as a prominent player in the engineering, procurement, and construction (EPC) industry since its establishment in 2015. The company's two core divisions, EPC and Trading, exhibit a diverse portfolio of projects and operations. From water supply to civil construction works, K2 Infragen's EPC division showcases expertise in project planning, execution, and management, while their Trading business focuses on the procurement and trading of non-ferrous metals. The company's growth trajectory is reflected in their financial performance, with substantial revenue and profit increases between March 31, 2023, and March 31, 2022.
The financial data of K2 Infragen Limited underscores its robust performance and growth potential. Notably, the company witnessed a significant revenue surge of 103.25% and a remarkable 463.79% increase in profit after tax between the aforementioned financial years. Key performance indicators like Return on Equity (ROE) at 23.96% and Profit After Tax (PAT) Margin at 10.23% highlight the company's operational efficiency and profitability. With a market capitalization of Rs 150.16 Cr as of September 30, 2023, the K2 Infragen IPO presents an enticing opportunity for investors seeking exposure to a dynamic and expanding EPC and trading conglomerate.
Investors considering participation in the K2 Infragen IPO can anticipate a strategic allocation of the net proceeds towards working capital requirements, capital expenditure, and general corporate purposes. These objectives align with the company's growth strategy, positioning them for sustained expansion and development in the competitive market landscape. With solid financial performance metrics and a clear roadmap for utilization of funds, K2 Infragen Limited's IPO represents a compelling investment proposition for those eyeing the EPC and trading sectors in India's thriving economic environment.
K2 Infragen IPO Subscription Status (Bidding Details)
Table not foundK2 Infragen IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
K2 Infragen IPO FAQs
What is K2 Infragen IPO?
K2 Infragen is issuing 3,406,800 equity shares with a face value of ₹10 each, totaling up to ₹40.54 Cr. The shares are being offered at a price of ₹111 to ₹119 each, with a minimum order quantity of 1200 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When K2 Infragen IPO will open?
K2 Infragen will open on March 28, 2024 for QIB, NII, and Retail Investors.
When K2 Infragen IPO will end?
K2 Infragen will end on April 03, 2024.
What is K2 Infragen IPO Size?
K2 Infragen IPO size is ₹40.54 Cr.
What is K2 Infragen IPO Price Band?
K2 Infragen price band is ₹111 to ₹119 per share.
What is the K2 Infragen IPO Allotment Date?
K2 Infragen allotment date is April 04, 2024.
What is the K2 Infragen IPO Listing Date?
K2 Infragen listing date is April 08, 2024. The IPO is to be listed on BSE and NSE.
How to K2 Infragen IPO through Zerodha?
To apply for the IPO “K2 Infragen” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply K2 Infragen IPO through Upstox?
To apply for the IPO “K2 Infragen” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check K2 Infragen IPO Allotment Status?
For K2 Infragen IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is K2 Infragen IPO GMP?
You can check out here: K2 Infragen IPO GMP