K2 Infragen Limited IPO is set to launch on 28 March, 2024. The company initiated its business operations in the year 2015. It is involved in the business of Engineering, Procurement and Construction. The company has 2 working divisions namely Trading business and EPC. The EPC business includes Services business and contract business. It has an employee base of 61 people.
K2 Infragen Limited IPO DETAILS
K2 Infragen Limited IPO is set to launch on 28 March, 2024. The subscription timeline extends till 3 April, 2024. The size for the IPO is 40.45 Crore Rs. Shares issued through fresh issue mode are worth Rs 40.45 Crore. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 111 Rs to 119 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is KFin Technologies Limited.
Tabular Description of K2 Infragen Limited IPO
| IPO OPENING DATE | 28 March, 2024 |
| CLOSING DATE FOR IPO | 3 April, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 111 Rs to 119 Rs per share |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 40.54 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 40.54 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 8 April, 2023 |
K2 Infragen Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 28 March, 2024 |
| CLOSING DATE FOR IPO | 3 April, 2024 |
| IPO ALLOTMENT DATE | 4 April, 2024 |
| REFUNDS | 5 April, 2024 |
| DEMAT A/C CREDITED ON | 5 April, 2024 |
| IPO LISTING DATE | 8 April, 2024 |
K2 Infragen Limited IPO begins for subscription from 28 March, 2024. The IPO subscription would continue till 3 April, 2024. The allotment status for the shareholders who applied would come on 4 April, 2024. The refunds for the ones who did not get allotment would be initiated on 5 April, 2024. The DEMAT accounts of shareholders would be credited on 5 April, 2024. The listing of the company would be completed on 8 April, 2024.
K2 Infragen Limited IPO : Lead Managers
The lead managers are :
- Expert Global Consultants Private Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 142800 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 285600 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 142800 Rs. |
| Maximum | 2400 shares | 285600 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 2220 | 2591 | 5690 |
| Revenue | 3568 | 3685 | 7490 |
| PAT | 22 | (-311) | 1132 |
K2 Infragen Limited had an asset base of 2220 Lakh Rs in 2021. The asset base increased a bit to 2591 Lakh Rs in the year 2022. However in the year 2023 the asset base of the company was 5690 Lakh Rs which is more than double than the figure of 2022. It is an increase of almost 120% in the asset base. The revenue of the company was 3568 Lakh Rs in 2021 which increased a bit to 3685 Lakh Rs in 2022. However in 2023 the revenue boosted to 7490 Lakh Rs. The profit of the firm was 22 Lakh Rs in 2021. In 2022 the company suffered a loss of 311 Lakh Rs.
However in the year 2023 the profit of the firm was 1132 Lakh Rs. The asset increase in the firm boosted the revenue of the company in 2023 which is seen in the profit figures of the year 2023. The figures in 2023 are at vast variation in comparison to the 2022 figures. One of the reasons is COVID as well. Due to the situation the EPC business was at a standstill. Hence the boost in 2023 is justified as all the work results are added to the 2023 figures.
PROS
- The company has 2 working divisions namely Trading business and EPC. The EPC business includes Services business and contract business.
- It has an employee base of 61 people.
K2 Infragen Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the K2 Infragen Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
