K2 Infragen Limited IPO

Price
₹111 - ₹119
Lot
1200
Subs.
51.47
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 28-Mar-2024
Close Date: 03-Apr-2024
Allotment Date: 04-Apr-2024
Listing Date: 08-Apr-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹111-119 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹142,800 : HNI - ₹285,600
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved631,200474,0001,105,2002,210,400
Day 1 - 28-03-24 
05:00 PM
0.86x0.74x0.90x0.85x
Day 2 - 01-04-24 
05:00 PM
0.86x0.65x2.25x1.51x
Day 3 - 02-04-24 
05:00 PM
0.86x3.77x6.97x4.54x
Day 4 - 03-04-24 
05:00 PM
23.37x113.98x40.70x51.47x
Total No. of Application:37,486 (Approx.)
Retail Subscription on the basis of Apps:40.70x
Valuations

Earning Per Share(EPS)12.29/-
P/E Ratio9.68
RoNW23.9%
Net Asset Value (NAV) - Post Issue:62.04/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,20236,378.795,967.98607.45
31 Mar,20235,690.407,490.081,132.32
31 Mar,20222,591.143,685.20-311.26
31 Mar,20212,220.523,568.0522.49
Promoter(s)

Pre Issue Share Holding55.29%
Post Issue Share Holding40.36%
Company Promoter(s)
1. Mr. Pankaj Sharma
2. Ms. Priya Sharma
3. Mr. Rajesh Tiwari
4. Mr. Rajiv Khandelwal
5. Mr. Sarvajeet Singh
Issue Objective(s)

The company intends to utilize the Net Proceeds of the Issue to meet the following objects:

  1. Working capital requirement;
  2. Capital Expenditure; and
  3. General corporate purposes.
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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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