April 8, 2024
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K2 Infragen IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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K2 Infragen IPO Post Listing Review:
On 8 April, the scrip is listed at Rs. 167, @ premium of 40.34% over the issue-price Rs. 119. This listing has been below the expectations of the grey market.
What is the last GMP of K2 Infragen IPO?*
Premium: Rs.57
Subject to Rs. 52000
Check Subscription status of K2 Infragen IPO
On 3 April 2024 5.00 pm (Day 4) (Closed)
Review:
QIB: 631200 Shares 23.37 T
NII: 474000 Shares 113.98 T
RII: 1105200 Shares 40.70 T
Total: 2210400 Shares 51.47 T
What is the business of K2 Infragen?
K2 Infragen is an integrated engineering, procurement and construction (“EPC”) with a focus on Power Engineering and Project Engineering having experience in design and construction of various projects across 8 States in India viz. Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Haryana, Gujarat, Punjab & Delhi. It provides its services across the value chain, ranging from design, procurement,
construction supervision, subcontract management and work order management to post-construction activities to its clients. Its company is certified for ISO 14001:2015 (Environment Management System), 45001:2018 (Occupational Health & Safety Management System), and 9001:2015 (Quality Management System) by Globus Certifications Private Limited.
It has been accredited with various registrations as a contractor with various departments and agencies viz. Public Works Department, Rajasthan (Class AA), Public Works Department, Madhya Pradesh, Bhopal (Class AA), pursuant to which it is also eligible to participate and undertake projects awarded by various other departments and agencies.
It has in-house capabilities to deliver a project from conceptualization to completion with faster turnaround time and focus on derisking wherever possible. Its core competence lies in professionally managing the value chain and attracting and retaining talent to maximize value creation.
Get more information about the company @ http://www.k2infra.com/
| K2 Infragen IPO Details | |
| IPO opens on | 28 March 2024 |
| IPO closes on | 3 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3406800 Sh /Rs 40.54 Cr |
| * Fresh Issue | 3406800 Sh /Rs 40.54 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 249600 Sh. |
| Net offer to Public | 3157200 Sh./Rs.37.57 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 111-119 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
| Shares offered in K2 Infragen IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 1578600 | 18.79 |
| NII (15%) | 474000 | 5.64 |
| RII (35%) | 1105020 | 13.14 |
| Total Shares | 3157200 | 37.57 |
| Retail portion will be oversubscribed by | 921 | |
| Forms | ||
| How much Shares to Apply in K2 Infragen IPO? | ||
| Min Retail Application | 1200 Sh | Rs. 142800 |
| Min HNI Application | 2400 Sh | Rs.285600 |
Who are the Promoters of K2 Infragen IPO?
The company’s promoters are Mr. Pankaj Sharma, Ms. Priya Sharma, Mr. Rajesh Tiwari, Mr. Rajiv Khandelwal and Mr. Sarvajeet Singh.
What are the Objects of K2 Infragen IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
Working capital requirement
Capital Expenditure; and
General corporate purposes.
| K2 Infragen IPO Tentative timetable | |
| IPO opens on | 28 March 2024 |
| IPO Closes on | 3 April 2024 |
| IPO Allotment on | 4 April 2024 |
| Refund Initiation | 5 April 2024 |
| Credit of Shares | 5 April 2024 |
| Listing on | 8 April 2024 |
| Registered Office of the Company K2 Infragen Limited 801 A, B & 802 A, B, C, 8th Floor, Welldone Techpark, Sohna Road, Gurugram – 122 018 |
| Who is the Lead Manager of K2 Infragen IPO? Expert Global Consultants Pvt ltd |
| Who is the Registrar to IPO? Kfin Technologies Limited |
| K2 Infragen IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 35.68 | 0.22 | 0.69 | 23.60 |
| 2021-22 | 36.85 | -3.11 | -6.04 | -254 |
| 2022-23 | 74.90 | 11.32 | 18.04 | 81.40 |
| Book Value of the Share on | 30.09.2023 | Rs 27.53 | ||
| BV of the Share at cap price | after the IPO | Rs. – | ||
| Offer Price/upper band | Rs. 119 | |||
| K2 Infragen IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 6.60 |
| Price/BV Ratio | 4.32 |
| Upper price/BV after IPO | |
How K2 Infragen IPO compares with the Peers?
| AS per RHP | FV | Total Income | PE Ratio |
| in Rs. | Rs. in Cr. | ||
| K2 Infragen | 10 | 74.79 6.60 | |
| Markolines Pavers | 10 | 311.80 | 12.68 |
| WS Industries | 10 | 79.67 | 8.16 |
| Udayshivakumar Infra | 10 | 286.89 | – |
| Advait Infratech | 10 | 101.51 | 17.91 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
K2 Infragen IPO To the point Guidance
K2 Infragen is an integrated engineering, procurement and construction (“EPC”) with a focus on Power Engineering and Project Engineering having experience in design and construction of various projects across 8 States in India viz. Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Haryana, Gujarat, Punjab & Delhi. It provides its services across the value chain, ranging from design, procurement,
construction supervision, subcontract management and work order management to post-construction activities to its clients.
Size: The net size of the IPO is Rs.37.57 Cr comprising of 315720 shares. The HNI portion is just Rs.5.64 Cr and Retail portion is Rs.13.14 Cr. The Retail portion will get oversubscribed with only 921 applications. Now with large number of IPOs entering the market, the huge oversubscription may not be possible.
Financial Snapshot: The company has erratic profit trend. During 2020-21, it showed profit of just Rs. 22 lacs, loss during 2021-22 and then sharp rise to Rs. 11.32 cr in the year 2022-23, just prior to the IPO. Such trend raises eyebrows. Compared to the peer group companies, the IPO is reasonably valued if we consider latest year eps. Not So attractive. May Apply.
Quicklinks
K2 Infragen IPO GMP today details?
K2 Infragen IPO
K2 Infragen IPO FAQs
What is K2 Infragen IPO?
K2 Infragen is a SME IPO of 3157200 equity shares of the face value of Rs. 10 aggregating up to Rs.37.57 Crores. The issue is priced at Rs.111-119 per share. The minimum order quantity is 1200 Shares.
When will K2 Infragen IPO open?
K2 Infragen IPO opens on March 26, 2024, and closes on March 28, 2024.
What is the lot size of K2 Infragen IPO?
Aspire & Innovative Advertising IPO lot size is 1600 Shares, and the minimum amount required is Rs.142800
How to apply for K2 Infragen IPO?
You can apply in K2 Infragen IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is K2 Infragen IPO allotment?
The finalization of Basis of Allotment for K2 Infragen IPO will be done on April 3, 2024, and the allotted shares will be credited to your demat account by April 5, 2024.
When is K2 Infragen IPO listing date?
K2 Infragen IPO listing date is April 08, 2024.
