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IPO Overview: K2 Infragen Limited
I did some research on the internet about K2 Infragen Ltd company and found out that this company was established in 2015, the company was earlier established under the name of K2 Powergen Pvt Ltd. Since 2018, the company has come to be known as K2 Infragen Limited (a parent company). K2 Infragen Ltd started business with L&T, TATA and H G Infra in the same financial year. The company’s head office is located in Gurugram, Haryana, India.
The company has two work divisions: Engineering, Procurement and Construction (EPC)
- Contract Business
- Service Business
The objective of the Issue.
The company is raising funds to cover its working capital, capital expenditure and other general business needs. In short, they are looking for cash to run and expand the business smoothly.
K2 Infragen Ltd IPO Important Dates
| IPO Open Date | Thursday, March 28, 2024 |
| IPO Close Date | Wednesday, April 3, 2024 |
| Basis of Allotment | Thursday, April 4, 2024 |
| Initiation of Refunds | Friday, April 5, 2024 |
| Credit of Shares to Demat | Friday, April 5, 2024 |
| Listing Date | Monday, April 8, 2024 |
K2 Infragen Price Band Details
- The subscription period for the IPO is between March 28, 2024, and April 3, 2024.
- The face value of each share is ₹10.
- Investors can bid between ₹111 to ₹119 per share during the IPO.
- The minimum number of shares you can apply for is one lot of 1200 shares.
- The minimum amount required for investment is ₹142,800 for one lot.
- The total number of shares offered is 3,406,800 shares, amounting to ₹40.54 crore.
- This is a book-built issue IPO, which means the price will be determined based on the bids from investors.
- The shares will be listed on the NSE, SME Exchange.
K2 Infragen Financial Details
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
| 30 Sep 2023 | 6,378.79 | 5,690.40 | 607.45 | 2,535.32 | 1,611.24 |
| 31 Mar 2023 | 5,690.40 | 7,490.08 | 1,132.32 | 1,392.45 | 1,165.10 |
| 31 Mar 2022 | 2,591.14 | 3,685.20 | -311.26 | 133.84 | -96.26 |
| 31 Mar 2021 | 2,220.52 | 3,568.05 | 22.49 | 115.49 | -46.56 |
Revenue: Revenue increased by 103%, from ₹3,685.20 crore to ₹7,490.08 crore.
Profit After Tax (PAT): Profit also increased by 464%, from ₹-311.26 crore to ₹1,132.32 crore.
K2 Infragen GMP and Estimated Listing Price
As per the grey market, KG2 Infragen’s current GMP (grey market price) is ₹30, and investors estimated listing price is ₹149, which is an estimated listing of 25.21% gain.
For more information check the company website: K2 Infragen Limited Company
DISCLAIMER: None of the financial information published herein should be construed as an offer to buy or sell securities or as advice in any way. All information published herein is for educational and informational purposes only and should not be relied upon as a basis for investment decisions under any circumstances. Any reader who makes decisions based on the information published herein does so solely at his or her own risk. Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks.
FAQs
KG2 Infragen Limited IPO Review
KG2 Infragen is an Engineering, Procurement and Construction (EPC) company, issuing IPOs to raise funds for working capital, capital expenditure and other general business needs.
K2 Infragen IPO Price
The IPO issue price is ₹111 – ₹119, lot size 1200 shares and minimum capital required for investment is ₹1,42,800
KG2 Infragen IPO GMP
KG2 Infragen’s current GMP (grey market price) is ₹30, and estimated listing price is ₹149.
