K2 Infragen IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Mar 28 to Apr 03 2024
Price Band
₹111 - 119
Current GMP
₹167(40.33%)
Subscription
51.47 times
IPO Details
| IPO Date | March 28, 2024 to April 3, 2024 |
| Listing Date | Monday, April 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹111 to ₹119 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3,406,800 shares (aggregating up to ₹40.54 Cr) |
| Fresh Issue | 3,406,800 shares (aggregating up to ₹40.54 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,211,594 |
| Share holding post issue | 12,618,394 |
| Market Maker portion | 249,600 shares Rikhav Securities |
IPO Date
March 28, 2024 to April 3, 2024
Listing Date
Monday, April 8, 2024
Face Value
₹10 per share
Price Band
₹111 to ₹119 per share
Lot Size
1200 Shares
Total Issue Size
3,406,800 shares (aggregating up to ₹40.54 Cr)
Fresh Issue
3,406,800 shares (aggregating up to ₹40.54 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
9,211,594
Share holding post issue
12,618,394
Market Maker portion
249,600 shares Rikhav Securities
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 23.37 |
| Non-Institutional Buyers* | 113.98 |
| Retail Investors | 40.70 |
| Total ** | 51.47 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
23.37
Non-Institutional Buyers*
113.98
Retail Investors
40.70
Total **
51.47
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Mar 28, 2024 | 0.86 | 0.74 | 0.90 | 0.85 |
| Day 2 Apr 1, 2024 | 0.86 | 0.65 | 2.25 | 1.51 |
| Day 3 Apr 2, 2024 | 0.86 | 3.77 | 6.97 | 4.54 |
| Day 4 Apr 3, 2024 | 23.37 | 113.98 | 40.70 | 51.47 |
DayDay 1
Mar 28, 2024
QIB0.86
NII*0.74
Retail0.90
Total0.85
DayDay 2
Apr 1, 2024
QIB0.86
NII*0.65
Retail2.25
Total1.51
DayDay 3
Apr 2, 2024
QIB0.86
NII*3.77
Retail6.97
Total4.54
DayDay 4
Apr 3, 2024
QIB23.37
NII*113.98
Retail40.70
Total51.47
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| Bharti | 570 | 5(0.88) | 00/12600 |
| Creative | 85 | 0(0.0) | 8600 |
| Yash | 81 | 4(4.94) | 7000 |
| Jay | 73 | 5(6.85) | 8200 |
| K2 | 119 | 0(0.0) | 8200 |
| TAC | 106 | 6(5.66) | 8400 |
| Radiowalla | 76 | 3(3.95) | 2300 |
| Trust | 101 | 2(1.98) | 8300 |
| SRM | 210 | 8(3.81) | 100/57400 |
| Blue | 168 | 5(2.98) | 7400 |
| Naman | 89 | 5(5.62) | 6900 |
| Chatha | 56 | 0(0.0) | 5200 |
| Enfuse | 96 | 0(0.0) | 6500 |
| KP | 144 | 0(0.0) | 8000 |
| Krystal | 715 | 0(0.0) | 00/12600 |
| Royal | 68 | 7(10.29) | 6200 |
| Signoria | 65 | 0(0.0) | 1200 |
| Pratham | 75 | 7(9.33) | 2800 |
| Pune | 83 | 0(0.0) | 8600 |
| Koura | 55 | 0(0.0) | 1200 |
| Gopal | 401 | 25(6.23) | - |
| Shree | 227 | 0(0.0) | 3700 |
| Sona | 143 | 0(0.0) | 2800 |
| Mukka | 28 | 5(17.86) | 4200/198800 |
| Purv | 71 | 30(42.25) | 58100 |
| Platinum | 171 | 7(4.09) | 800/81200 |
DateBharti
Price570
GMP5(0.88)
Estimate List Price00/12600
DateCreative
Price85
GMP0(0.0)
Estimate List Price8600
DateYash
Price81
GMP4(4.94)
Estimate List Price7000
DateJay
Price73
GMP5(6.85)
Estimate List Price8200
DateK2
Price119
GMP0(0.0)
Estimate List Price8200
DateTAC
Price106
GMP6(5.66)
Estimate List Price8400
DateRadiowalla
Price76
GMP3(3.95)
Estimate List Price2300
DateTrust
Price101
GMP2(1.98)
Estimate List Price8300
DateSRM
Price210
GMP8(3.81)
Estimate List Price100/57400
DateBlue
Price168
GMP5(2.98)
Estimate List Price7400
DateNaman
Price89
GMP5(5.62)
Estimate List Price6900
DateChatha
Price56
GMP0(0.0)
Estimate List Price5200
DateEnfuse
Price96
GMP0(0.0)
Estimate List Price6500
DateKP
Price144
GMP0(0.0)
Estimate List Price8000
DateKrystal
Price715
GMP0(0.0)
Estimate List Price00/12600
DateRoyal
Price68
GMP7(10.29)
Estimate List Price6200
DateSignoria
Price65
GMP0(0.0)
Estimate List Price1200
DatePratham
Price75
GMP7(9.33)
Estimate List Price2800
DatePune
Price83
GMP0(0.0)
Estimate List Price8600
DateKoura
Price55
GMP0(0.0)
Estimate List Price1200
DateGopal
Price401
GMP25(6.23)
Estimate List Price-
DateShree
Price227
GMP0(0.0)
Estimate List Price3700
DateSona
Price143
GMP0(0.0)
Estimate List Price2800
DateMukka
Price28
GMP5(17.86)
Estimate List Price4200/198800
DatePurv
Price71
GMP30(42.25)
Estimate List Price58100
DatePlatinum
Price171
GMP7(4.09)
Estimate List Price800/81200
IPO Important Dates
| 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 confirmation | 5 PM on April 3, 2024 |
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 confirmation
5 PM on April 3, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹142,800 |
| Retail (Max) | 1 | 1200 | ₹142,800 |
| HNI (Min) | 2 | 2,400 | ₹285,600 |
ApplicationRetail (Min)
Lots1
Shares1200
Amount₹142,800
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹142,800
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹285,600
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,378.79 | 5,690.40 | 2,591.14 |
| Revenue | 5,967.98 | 7,490.08 | 3,685.20 |
| Profit After Tax | 607.45 | 1,132.32 | -311.26 |
| Net Worth | 2,535.32 | 1,392.45 | 133.84 |
| Reserves and Surplus | 1,611.24 | 1,165.10 | -96.26 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 20236,378.79
31 Mar 20235,690.40
31 Mar 20222,591.14
Period EndedRevenue
30 Sep 20235,967.98
31 Mar 20237,490.08
31 Mar 20223,685.20
Period EndedProfit After Tax
30 Sep 2023607.45
31 Mar 20231,132.32
31 Mar 2022-311.26
Period EndedNet Worth
30 Sep 20232,535.32
31 Mar 20231,392.45
31 Mar 2022133.84
Period EndedReserves and Surplus
30 Sep 20231,611.24
31 Mar 20231,165.10
31 Mar 2022-96.26
Key Performance Indicator
| ROE | 23.96% |
| ROCE | 19.91% |
| Debt/Equity | 0.87 |
| RoNW | 23.9% |
| P/BV | 4.32 |
| PAT Margin (%) | 10.23 |
| EPS (Rs) | 12.29 |
ROE
23.96%
ROCE
19.91%
Debt/Equity
0.87
RoNW
23.9%
P/BV
4.32
PAT Margin (%)
10.23
EPS (Rs)
12.29
IPO Reservation
| Anchor Investor Shares Offered | 946,800 (27.79%) |
| Market Maker Shares Offered | 249,600 (7.33%) |
| QIB Shares Offered | 631,200 (18.53%) |
| NII (HNI) Shares Offered | 474,000 (13.91%) |
| Retail Shares Offered | 1,105,200 (32.44%) |
| Total Shares Offered | 3,406,800 (100%) |
Anchor Investor Shares Offered
946,800 (27.79%)
Market Maker Shares Offered
249,600 (7.33%)
QIB Shares Offered
631,200 (18.53%)
NII (HNI) Shares Offered
474,000 (13.91%)
Retail Shares Offered
1,105,200 (32.44%)
Total Shares Offered
3,406,800 (100%)
Information about company
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.
Objectives of IPO
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.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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