What you Must know about K2 Infragen IPO?
by 5paisa Research Team
27 Mar 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 08-Apr-24
- IPO Price Range ₹ 111 to ₹ 119
- Listing Price ₹ 167
- Listing Change 40.3%
- Last Traded Price ₹ 137.1
- Current Change 15.2%
K2 Infragen IPO Details
- Open Date 28-Mar-24
- Close Date 03-Apr-24
- Lot Size 1200
- IPO Size ₹ 40.54 Cr
- IPO Price Range ₹ 111 to ₹ 119
- Min Investment ₹ 133,200
- Listing Exchange NSE SME
- Basis of Allotment 04-Apr-24
- Refunds 05-Apr-24
- Credit to Demat Account 05-Apr-24
- Listing Date 08-Apr-24
K2 Infragen IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 28-Mar-24 | 0.86 | 0.74 | 0.90 | 0.85 |
| 01-Apr-24 | 0.86 | 0.65 | 2.25 | 1.51 |
| 02-Apr-24 | 0.86 | 3.77 | 6.96 | 4.53 |
| 03-Apr-24 | 23.37 | 113.98 | 40.70 | 51.47 |
K2 Infragen IPO Synopsis
K2 Infragen Limited IPO is all set to open from 28th March to 3rd April 2024. It is an integrated engineering, procurement and construction (EPC) company. The IPO includes a fresh issue of 3,406,800 shares worth ₹40.54 cr. The share allotment date is 4th April 2024, and the IPO will be listed on 8th April 2024 on the stock exchanges. The price band is ₹111 to ₹119 and the lot size is 1200 shares.
Expert Global Consultants Private Limited is the book-running lead manager for this IPO, while Kfin Technologies Limited is the registrar.
Objectives of K2 Infragen IPO:
K2 Infragen Limited plans to utilize the raised capital from the IPO to:
● For working expenditure requirements.
● For working capital requirements.
● General Corporate Purposes.
About K2 Infragen
Established in 2015, K2 Infragen Limited is an integrated engineering, procurement and construction (EPC) company. The company has a specialization in Power Engineering and Project Engineering. It has undertaken projects in 8 states across the country which include Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Haryana, Gujarat, Punjab, and Delhi.
The company looks after end-to-end processes such as value chain, design, procurement, construction supervision, subcontract management, work order management, and post-construction activities. The company takes on projects like Civil Construction Work, Turnkey Water Supply Projects, Railway Projects, and Road Projects.
K2 Infragen Limited also has ISO 14001:2015 and 9001:2015 certifications. The company wins orders as contractors for different government departments and agencies.
Peer Comparison
● Markolines Pavement Technologies Limited
● W S Industries (India) Limited
● Udayshivakumar Infra Limited
● Advait Infratech Limited
For More Information:
Webstory on K2 Infragen IPO
K2 Infragen Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 74.79 | 36.56 | 35.47 |
| EBITDA | 19.26 | 0.51 | 2.62 |
| PAT | 11.32 | -3.11 | 0.22 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 56.90 | 25.91 | 22.20 |
| Share Capital | 2.24 | 2.12 | 1.58 |
| Total Borrowings | 42.97 | 24.57 | 21.05 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -1.03 | -1.21 | -3.06 |
| Net cash from / (used in) investing activities | -1.52 | -1.34 | -5.49 |
| Net cash flow from / (used in) financing activities | 1.97 | 3.38 | 8.54 |
| Net increase (decrease) in cash and cash equivalents | -0.58 | 0.83 | -0.017 |
K2 Infragen IPO Key Points
-
Strengths
1. The company is a Focused EPC player.
2. It has a strong order book.
3. The company has a track record of timely execution.
4. It has in-house capabilities to deliver a project from conceptualization until completion.
5. A highly experienced and professional leadership team.
-
Risks
1. The business is concentrated in Uttar Pradesh.
2. The projects are exposed to various implementation risks.
3. Higher working capital requirements.
4. The company derives the majority of its revenue from our Turnkey Water Supply Projects.
5. It has reported negative cash flows in the past.
K2 Infragen
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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K2 Infragen IPO FAQs
When does the K2 Infragen IPO opens and closes?
K2 Infragen IPO opens from 28th March to 3rd April 2024.
What is the size of the K2 Infragen IPO?
The size of K2 Infragen IPO is ₹40.54 cr.
How to apply for the K2 Infragen IPO?
To apply for K2 Infragen IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the K2 Infragen IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of K2 Infragen IPO?
The price band of K2 Infragen IPO is fixed at ₹111 to ₹119 per share.
What is the minimum lot size and investment required for the K2 Infragen IPO?
The minimum lot size of K2 Infragen IPO is 1200 shares and the investment required is ₹1,33,200.
What is the allotment date of the K2 Infragen IPO?
The share allotment date of K2 Infragen IPO is 4th April 2024.
What is the K2 Infragen IPO listing date?
The K2 Infragen IPO will be listed on 8th April 2024.
Who are the book runners for the K2 Infragen IPO?
Expert Global Consultants Private Limited is the book-running lead manager for K2 Infragen IPO.
What is the objective of K2 Infragen IPO?
K2 Infragen plans to utilize the raised capital from the IPO to:
● For working expenditure requirements.
● For working capital requirements.
● General Corporate Purposes.
Contact Details of K2 Infragen IPO
Contact Information
K2 Infragen Limited
801 A, B & 802 A, B, C, 8th Floor,
Welldone Techpark, Sohna Road,
Gurugram – 122 018
Phone: +91 124 4896700
Email: cs@k2infra.com
Website: http://www.k2infra.com/
K2 Infragen IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: k2infragen.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
K2 Infragen IPO Lead Manager
Expert Global Consultants Private Limited
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