K2 Infragen IPO will open for subscription from 28 March 2024. The company aims for an issue size of ₹40.54 Cr through this IPO.
Company Overview
| Full name | K2 Infragen Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | https://k2infra.com/ |
About Company
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.
The Objectives of the Issue
- Working capital requirement;
- Capital Expenditure; and
- General corporate purposes.
K2 Infragen IPO Timetable
| IPO Opening date | 28 March 2024 |
| IPO Closing | 03 April 2024 |
| Basis of Allotment | 04 April 2024 |
| Initiation Refund | 05 April 2024 |
| Credit to Demat Account | 05 April 2024 |
| Listing Date | 08 April 2024 |
K2 Infragen IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹40.54 Cr – 3,406,800 shares |
| Fresh Issue | ₹40.54 Cr – 3,406,800 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹111 to ₹119 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 249,600 shares |
| Shareholding pre-issue | 9,211,594 |
| Shareholding post-issue | 12,618,394 |
| Listing Exchange | NSE SME |
K2 Infragen 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 |
K2 Infragen IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
K2 Infragen Financial Performance
| 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 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 |
Company Promoters
- Mr. Pankaj Sharma
- Ms. Priya Sharma
- Mr. Rajesh Tiwari
- Mr. Rajiv Khandelwal
- Mr. Sarvajeet Singh.
Promoter Holding
| Pre Issue Share Holding | 55.29% |
| Post Issue Share Holding | 40.36 % |
K2 Infragen IPO Lead Manager(s)
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone: +91 011 4509 8234
Email: ipo@expertglobal.in
Website: www.expertglobal.in
K2 Infragen Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222
E-mail: k2infragen.ipo@kfintech.com
Website: www.kfintech.com
K2 Infragen 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: cs@k2infra.com
Website: www.k2infra.com
K2 Infragen IPO Allotment Status
K2 Infragen IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
Final thoughts
K2 Infragen IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
